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Business Issues in O&P
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Business Issues in O&P John French, M.S.Ed., C.O., L.O. P&O Program University of Texas Southwestern Medical Center Dallas, Texas
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Business Issues in O&P. John French, M.S.Ed., C.O., L.O. P&O Program University of Texas Southwestern Medical Center Dallas, Texas. Questions. Why worry about business issues? Where will P&O students get this information? Whose job is it? What are the P&O schools currently doing? - PowerPoint PPT Presentation
Transcript of Business Issues in O&P
Business Issues in O&P
John French, M.S.Ed., C.O., L.O.P&O Program
University of Texas Southwestern Medical CenterDallas, Texas
Questions
• Why worry about business issues?
• Where will P&O students get this information? Whose job is it?
• What are the P&O schools currently doing?
• What is UTSW doing?
Why Worry About Business Issues?
• CAAHEP recommendation: “Advanced and/or specialized courses in the core subjects in communication & interpersonal skills, business (financial, billing, marketing, reimbursement, etc.), quality improvement, legal and insurance requirements (loss control, malpractice, etc.), occupational considerations, production and scheduling, and referral documents are recommended.”
Standards and Guidelines Sec.II (Curriculum) B.2.c., adopted 2001.
• CAAHEP recommendation: “Health Economics. Goal: To develop Knowledge of the basic economic forces affecting orthotics and prosthetics.”
Standards and Guidelines Sec.II (Curriculum) C.23., adopted 2001.
Why Worry About Business Issues?
Where will P&O students get this information? Whose job is it?
• School Programs
• Residency Experience
• Employer – On the job
What are the P&O schools currently doing?
• Current practice ranges from fragmentary integration into other curriculum to comprehensive and discreet curricula
• Practices continue to develop + evolve
What is UTSW Doing?
• Moving from fragmentary to coherent• Identifying the issues• Initial development of materials
– AOPA Billing & Coding Seminar– Columns from Almanac, O&P Business News– HHS/CMS
• Trial presentations of key topics in Seminar classes + Professional Issues debates
• Evolving to separate class for credit?
Identifying Issues
• Introduction
• Billing & Coding
• Health economics system
• Business economics
• Employment issues
• Practice improvement
• Roles and responsibilities
Introduction
• Rationale
• Terminology
• Integrity + Ethics
• Patient relations
• Documentation
Billing & Coding
• Overview (Senior project)Terminology
L-codes
Modifiers
New code process
HHS, HCFA (CMS), OIG, DMERCs, SADMERC, NCH
Compliance guidelines
• Clinical Rotation and class doc notes must include proper coding
Billing & Coding
– Fraud & abuse – guest expertsHHS OIG Special AgentAsst US AttorneyEvidence room itemsLocal case study – Fed Grand Jury charged
practitioner with 170 Counts• Total potential fines: $42,500,000• Total potential imprisonment: 850 years
– Ethics and avoiding the “slippery slope”
Billing & Coding
– Fraud & Abuse• Federal prosecution success rate: 99%
• Return on investment: >$30 per $1 spent
• “Good” news: most F&A occurs in DME, not O&P
• Bad news: it still happens in O&P
Health economics system
• Intro to the “playing field”• Guest speaker - VP BCBSTX• Payment strategies
– Fee for service– Contracts– Capitation– Rationale and consequences
• Managed care systems– PPO – HMO – POS – etc– Rationale and consequences
Business economics
• Practitioners will work for a business
• Practitioners will operate a business
• Practitioners will interact with other businesses– Suppliers– Competitors– Referral sources
Business economics(What is the employer thinking about?)
• Personnel – salaries, benefits, training, recruiting• Overhead• Equipment• Supplies• Inventory• Revenue vs. expense• Receivables, write-offs, pro bono• Practice expansion, acquisition, sale
Business economics(What are employees thinking about?)
• Employees think/act like owners
move decision making closer to patients
improve operational efficiency
employees become responsible participants
• Knowledgeable and responsible employees are more valuable to employers
Employment issues(What should prospective employees think about?)
• Overview for new practitioners entering workforce
• Job seeking• More realistic career plans and expectations• Employee rights and responsibilities• Certifications, licenses, privileges, etc• Practice settings, scope of practice• Marketing
Employment issues
• Practice options– Practitioner / management– Private office / branch office– Hospital based– Institution based / rehab team– Consultant– Central fabrication– Education– Mission– Sales rep
Practice improvement
• Professional organizations
• Licensure
• Continuing education
• QA vs. QI
• Cross-discipline issues
teams, collaboration, infringement,
scope of practice
Roles and responsibilities
• O&P practitioners• PT / OT• Rehab counselors• Physicians / fellows / residents / med students /
PAs / NPs• Nurses / aides• Parents – natural, custodial, foster• Third party payers
Conclusion
• Business issues are important for future practitioners
• Business issues are important for future of P&O profession
• This information can be acquired from several sources
• Too much information will be better than too little
Questions?
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