West TN Medical News August 2015

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FOCUS TOPICS ORTHO/SPORTS MEDICINE COMPLIANCE MANDATES

August 2015 >> $5

PHYSICIAN SPOTLIGHT PAGE 2

David Yakin, MD

Six West Tennessee Clinics Embark on Savings Program

Rural Clinics Seeing More Than Financial Benefits from CMS Program

FROM THE EDITOR:

By SUZANNE BOyD

The Times They Are a-Changin’

Undergoing transformative change, this industry has been tasked with fundamentally altering delivery methods and asked to meet heightened consumer expectations and increased demands for interaction and engagement. While the above statement is certainly representative of the healthcare industry … in this case, we are actually referencing the media’s role in the dissemination of information. The way we consume news has dramatically changed over the past decade. Yet, how, when and where we receive information is often a matter of personal choice. Some people love the feel of newsprint between their fingers. Others like to get information on their tablet. Still others want the highlights in 140 characters or less, giving them control of whether or not the topic is worthy of a click through to more information. Recognizing our readers embody these varied preferences, West Tennessee Medical News is excited to announce major changes to our product. If you love the monthly paper (and we certainly hope you do), no worries … you’ll still receive it faithfully each month in the mailbox. However, we’ve long realized the static nature of our websites left much to be desired from both an aesthetic standpoint and the ability to

Dr. Susan Lowry and Tammy Hazelwood, Administrator for Martin Medical Center, review data from the CMS Shared Savings Program that they are participating in as a part of an Accountable Care Organization.

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New Tennessee Laws Impacting Healthcare By CINDy SANDERS

A number of state laws impacting the healthcare industry in Tennessee have recently gone into effect. Following is a rundown of several key pieces of legislation that passed the 109th Tennessee General Assembly.

HB0033/SB0044: The Mabry Kate Webb Act (Effective May 18):

“The Mabry Kate Webb Act paves the way for expanded newborn screening that will include testing for very rare metabolic and heritable conditions,” explained Michelle Fiscus, MD, FAAP, president of the Tennessee Chapter of the American (CONTINUED ON PAGE 6)

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ONLINE: WESTTN MEDICAL NEWS.COM

With the Affordable Care Act causing a shift in healthcare to look at not only quality in care, but ways to be more efficient in delivering healthcare, a Centers for Medicare and Medicaid initiative is making strides toward cutting down waste in the Medicare program and reducing healthcare costs for Medicare patients. Six West Tennessee primary care clinics have joined forces to participate in a three-year Shared Savings Program with hopes of reaping benefits for themselves, their practices and their patients. The Centers for Medicare and Medicaid Services (CMS) developed the Shared Savings Program under the Affordable Care Act. It is designed to facilitate coordination and cooperation among providers to improve the quality of care for Medicare Fee-ForService (FFS) beneficiaries and reduce unnecessary costs. Eligible providers, hospitals, and suppliers participate in the Shared Savings Program by creating or participating in an Accountable Care Organization (ACO). The program creates financial incentives for ACOs that lower their growth in healthcare costs while meeting performance standards on quality of care and putting patients first. Under the program, CMS specifies a Minimum Savings Rate (MSR) to account for the normal variation in expenditures based

HE GT N I T PUT

W E N S NEW L A C EDI IN M

We’re excited to unveil our brand new online format designed to bring the news you use to your laptop, tablet or smartphone. Keep your finger on the pulse of West TN’s healthcare industry at WestTNMedicalNews.com

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