Economics Session Abstracts
Maintaining the Cardiac Economic Engine
Friday, March 28, 2003, 10:30 – 11:45 am
(a four-part series presented in this track)
Philip L. Ronning, Moderator
Sponsored by Tiber Group, LLC
Part 1: Is preserving and protecting the cardiac economic engine your senior management’s top priority? Find out about forces that threaten the profitability of cardiac care in the future. The forces range from rapidly evolving technologies such as drug eluting stents and the resulting changes in service mix, to the dilution of program volume as a result of heart hospitals and the inevitability of PCIs without surgery-on-site.
This session provides an overview of the evolving environmental forces that are challenging traditional cardiac economics, recommends strategies to counter these forces and introduces parts 2, 3 and 4 to be presented in the remaining concurrent sessions in the Economics Track. This series of four sessions is designed to give you an in-depth view of cardiac economics.
Delivery System Dynamics: Managing Distribution Channels to Ensure Volume
Friday, March 28, 2003, 1:00 – 2:15 pm
(part two of four part series)
Speakers: Tiber Group Faculty including:
Philip L. Ronning, Vice President
Robert Smith, Director
Gregory Scrine, Manager
Sponsored by Tiber Group, LLC
Part 2. The competitive future will demand a much more structured and studied plan for growing and maintaining patient volume. Marketing theory utilizes the term distribution channel to describe how a business secures volume. This session will explore viable distribution channels for cardiac services and strategies for maximizing patient volumes. A case study will demonstrate application of these methods.
Technology Deployment: Putting the Right Arrows in the Quiver
Friday, March 28, 2003, 2:45 – 4:00 pm
(part three of four part series)
Speakers: Tiber Group Faculty including:
Philip L. Ronning, Vice President
Robert Smith, Director
Gregory Scrine, Manager
Sponsored by Tiber Group, LLC
Part 3: Peter Drucker says, “Technology is not about equipment, it is about how man works.” Examine the machines, materials and methods that will be changing cardiac services in the future. Tools will be provided for implementing a technology strategy that supports and protects the cardiac program. A case study will illustrate how the management of technology benefits economic positioning.
Turning Paper into Money: The Importance of Coding, Billing and Collection
Saturday, March 29, 2003, 8:30 – 9:45 am
(part four of four part series)
Speakers: Tiber Group Faculty including:
Philip L. Ronning, Vice President
Robert Smith, Director
Gregory Scrine, Manager
Sponsored by Tiber Group, LLC
Part 4. Proper coding today is complex but critical to financial success, as is functional billing and effective collections. Knowledge of how these systems work will be important to managing and tuning the cardiac economic engine of the future – even more so should the delivery system fragment into alternative models such as heart hospitals, freestanding cardiac diagnostic and treatment centers.