Iowa HFMA Winter Meeting January 18-19, 2018 Hilton Garden Inn 8600 North Park Drive Johnston, Iowa
AGENDA Thursday, January 18, 2018 7:30 am
Health Law Year in Review
Michael Chase, Baird Holm Zachary Buxton, Baird Holm Program Description: A fast-paced review of recent legal, regulatory and case developments impacting hospitals and other health care providers. Each topic will be related to typical health care operations with emphasis on the lessons learned. Learning Objective: Participants will learn about recent changes to the health care regulatory setting. The goal is to help participants keep current on new legal developments and thus identify existing policies, practices and procedures needing attention. Target Audience: Hospital CFOs, finance personnel, compliance officers, and upper-level management. Presenter Information: Michael W. Chase is a partner in the Health Care Section at Baird Holm LLP. Mr. Chase counsels clients on federal and state regulatory matters including the Federal health care fraud and abuse laws, HIPAA, Meaningful Use, compliance programs and investigations, and institutional review board compliance. Mr. Chase is a member of the American Health Lawyers Association, the Healthcare Financial Management Association and the Health Care Compliance Association. He studied health care law at Saint Louis University School of Law and also received his Masters in Health Administration from Saint Louis University School of Public Health. Zachary J. Buxton is a member of the Health Care Section at Baird Holm LLP. He represents hospitals, health care facilities, physician practices and other health care providers in regulatory, transactional and reimbursement matters. Zach earned a Juris Doctor from Saint Louis University School of Law in 2014 with a certificate in health law. Zach also earned a Master of Health Administration from the Saint Louis University College for Public Health & Social Justice.
340B Audit – Discussion Related to the HRSA 340B Audit Conducted at Compass Memorial Healthcare in May 2017
Matt Murphy, CFO Natasha Hauschilt, Director of Organizational Performance Mikaela Gehring, COO Sharon Spurgeon, Staff Pharmacist Program Description: The Compass Memorial Healthcare team will walk through their HRSA 340B audit conducted in May 2017 by the Bizzell Group (HRSA’s new contracted auditors). During the presentation participants will learn about the following audit experiences:
Pre-audit requests and requirements On-site audit field work process Post-audit communication process and corrective action plan requirements
Vendor Fair / Networking Break
Building Patient Loyalty and Maximizing Financial Performance in a Competitive Market
Kyle Wilcox, VP of Finance and Business Development, Grinnell Regional Medical Center Margene Holak, Consultant, Craneware Program Description: In today’s healthcare environment, patients increasingly act like consumers, “shopping” for providers based on perceived quality and cost just as they do with any other commodity. This shift has increased motivation for hospitals and health systems to adopt a consumerism-approach to attract and retain patients. In this session, presenters will share how Grinnell Regional Medical Center implemented technology to completely review all charges – enabling the organization to build a competitive pricing strategy. Two years after implementing an automated chargemaster solution, Grinnell Regional Medical saw significant financial gains, including a 25% yield on price increases. Attendees will learn how to leverage chargemaster data to create a comprehensive, competitive market-based pricing strategy that can generate significant financial returns and increase patient loyalty.
2017 Officer Nominations
Maximizing Your Investment Returns
Dan Zomermaand and Dan Klus, IPAIT/PMA Financial Network, Inc. Program Objective: After years of having cash and reserves earning near 0%, it’s now time to take advantage of the higher interest rate market and add to your bottom line. After the session, attendees will be able to:
2:00 pm 2:15 pm
Know what type of investments Iowa hospitals are typically allowed to buy; Know what the current market looks like and where there are opportunities; Know what’s better for their organization - get brokered investments, rely on professional management or some combination and; Realize the potential benefit by seeing examples.
Vendor Fair / Networking Break Living, Leading and Working with Authenticity – Part II
Thomas S. Westbrook, Ph.D., Drake University Program Description: This is part II of our dive into the topic of authenticity. Our goal is to advance our understanding of the interplay among ethics, integrity and authenticity. We will focus on what it means to live, lead and work an authentic life. During this two-hour session you will examine and tap into your authentic self – the deep seated essence of what you most represent. After this session you will learn and be able to put into place the following:
3:15 pm 3:30 pm
Elevate one’s credibility at work and in the community Understand the role of empathy and compassion in building a results oriented work environment How to model the way for living and working with high integrity and authenticity This session meets two hours of the CPA ethics requirement.
Networking Break Living, Leading and Working with Authenticity – Part II (continuation)
Thomas S. Westbrook, Ph.D., Drake University 5:00 pm 6:00 pm 8:00 pm
Adjourn Hospitality Event
Rube’s Steakhouse 3309 Ute Avenue Waukee, Iowa To participate in the gift exchange, bring a gift with a value of $10. Please register for this hospitality event online when you register for the meeting.
Friday, January 19, 2018 7:00 am
Registration / Hot Breakfast
Assessing Patient Trends Leading to Successful Accountable Care
Sue Deitz, Caravan Health Program Description: Participants will learn about patient trends that have been identified during 2017 and how to apply those trends in 2018. Participants will also learn how these trends will play a significant role in the development of accountable care plans including MACRA, ACO’s, CPC, and other value-based payment methodologies.
9:00 am 9:15 am
Networking Break New Accounting Standards – How Will They Impact Your Hospital?
Kevin Morey and Eric Lopata, BKD Program Description: There are several new accounting standards that will impact FASB and GASB health care organizations. The program will provide an overview of the upcoming standards. Some of the new standards will require the organization to evaluate policies and procedures to ensure proper adaption of the standards. Takeaways: Identify new standards that will impact health care organizations Learn the effective date Obtain a general understanding of the new standards Gain understanding of what is needed to prepare for adapting the new standards
Iowa Hospital Association Update
Dan Royer, Iowa Hospital Association Program Description: This session will provide an update on state and federal healthcare policy and regulatory issues impacting hospitals and healthcare organizations.
Medicare/Wisconsin Physician Services Update
Chris Severson and Tom Bruce, WPS Program Description: Chris and Tom will discuss a number of cost reporting topics including current issues related to cost report audits, and field questions from the audience related to any audit and reimbursement topics of interest.
Adjourn – with board meeting to follow.
CPE Credit This program qualifies for continuing professional education hours. Please contact your state’s Board of Accounting regarding the necessary information that you need to maintain as the Chapter does not submit nor maintain any CPE records.
Interested in Becoming HFMA Certified? If you are interested in taking the HFMA certification exam, please contact Hilary Christiansen at [email protected]
or call 712-382-1515 for more information.
Iowa HFMA Sponsors
Automated Accounts Management Services
Credit Bureau Services of Iowa, Inc. (CBSI)
Medical Reimbursements of America, Inc.
Anders CPAs & Advisors
The Hauge Group
The Harry A. Koch Company
Denman & Company, LLP
True North Companies
Eagle Recovery Associates, Inc.
Union Bank and Trust Company
Gronewold, Bell, Kyhnn, & Co, LLP
ProAssurance SilverStone Group, Inc.