Episode 65: Vendor Spotlight: Innovative Responses to Financial Challenges during a Pandemic
06/04/20 • 52 min
Today’s episode is an interview with Jeffery Daigrepont, a senior vice president in our Healthcare IT Services division, conducted with Leah Jones, senior vice president and general manager of the ambulatory business unit at Allscripts. Our discussion will explore the innovative ways the market is responding to the financial challenges COVID-19 caused and consider a path forward for healthcare organizations.
Contact Information
Subscribe to our feed in Apple Podcasts, Google Podcasts, Spotify, or your preferred podcast provider. Like what you hear? Leave a review! Not there? Let us know!
We welcome all feedback from our listeners. Email us questions on any of the topics we discuss or questions about issues that interest you. You can also provide recommendations on topics for future episodes.
- Email us: [email protected]
- Connect with us on LinkedIn: Coker Group Company Page
- Follow us on Twitter: @cokergroup
- Follow us on Instagram: @cokergroup
- Like us on Facebook: @cokerconsulting
Episode Synopsis
COVID-19 has hit practices hard on many fronts and especially financially. The first, and most obvious, has been the costly response to the outbreak itself. Second, the patient volume has dramatically reduced, and all elective procedures postponed. While some relief has been provided, it is not enough. Practices must come up with a plan to rebound financially.
Jeffery and Leah discuss the innovative ways Allscripts is helping practices respond to COVID-19 and rebound from financial distress.
Extras
Coker Group COVID-19 Resource Center
Today’s episode is an interview with Jeffery Daigrepont, a senior vice president in our Healthcare IT Services division, conducted with Leah Jones, senior vice president and general manager of the ambulatory business unit at Allscripts. Our discussion will explore the innovative ways the market is responding to the financial challenges COVID-19 caused and consider a path forward for healthcare organizations.
Contact Information
Subscribe to our feed in Apple Podcasts, Google Podcasts, Spotify, or your preferred podcast provider. Like what you hear? Leave a review! Not there? Let us know!
We welcome all feedback from our listeners. Email us questions on any of the topics we discuss or questions about issues that interest you. You can also provide recommendations on topics for future episodes.
- Email us: [email protected]
- Connect with us on LinkedIn: Coker Group Company Page
- Follow us on Twitter: @cokergroup
- Follow us on Instagram: @cokergroup
- Like us on Facebook: @cokerconsulting
Episode Synopsis
COVID-19 has hit practices hard on many fronts and especially financially. The first, and most obvious, has been the costly response to the outbreak itself. Second, the patient volume has dramatically reduced, and all elective procedures postponed. While some relief has been provided, it is not enough. Practices must come up with a plan to rebound financially.
Jeffery and Leah discuss the innovative ways Allscripts is helping practices respond to COVID-19 and rebound from financial distress.
Extras
Coker Group COVID-19 Resource Center
Previous Episode
Episode 64: Impact of COVID-19 on ACOs, CINs, and Shared Savings
Justin Chamblee and Alex Kirkland join Mark Reiboldt to discuss COVID-19 interim rules and waivers that change shared savings and other value-based strategies. Justin and Alex discuss how these changes will affect accountable care organizations (ACOs) and clinically integrated networks (CINs) taking on risk, the opportunity for shared savings, and how capitated models are faring throughout the pandemic.
Contact Information
Subscribe to our feed in Apple Podcasts, Google Podcasts, Spotify, or your preferred podcast provider. Like what you hear? Leave a review! Not there? Let us know!
We welcome all feedback from our listeners. Email us questions on any of the topics we discuss or questions about issues that interest you. You can also provide recommendations on topics for future episodes.
- Email us: [email protected]
- Connect with us on LinkedIn: Coker Group Company Page
- Follow us on Twitter: @cokergroup
- Follow us on Instagram: @cokergroup
- Like us on Facebook: @cokerconsulting
Episode Synopsis
Many healthcare providers are struggling as expenses skyrocket and elective procedures are deferred or canceled altogether, eliminating major revenue sources. Value-based initiatives are on-hold because most value-based arrangements require a significant financial commitment to start and healthcare providers are less likely to put more money at risk. Providers have shifted their focus to sustaining losses from the outbreak.
Justin and Alex explain what is happening in the industry to mitigate total shared losses and reduce the burden on providers. They also discuss their opinions on how COVID-19 will impact value-based strategies.
Extras
Blog: Understanding Value-Based Compensation Models
Article: Five Questions to Consider when Evaluating Readiness for Value-Based Care
Blog: ValuePathTM: Supporting Organizations Making the Transition to Value-Based Reimbursement
Next Episode
Episode 66: Affiliation Options for Physicians and Hospitals Post-Pandemic
Aimee Greeter, Max Reiboldt, and Richard Romero join Mark Reiboldt to discuss changes the healthcare industry is experiencing during a pandemic crisis. The group discusses leading through a crisis, affiliation options for hospitals and physicians, and how the pandemic will affect practice valuations and compensation packages.
Contact Information
Subscribe to our feed in Apple Podcasts, Google Podcasts, Spotify, or your preferred podcast provider. Like what you hear? Leave a review! Not there? Let us know!
We welcome all feedback from our listeners. Email us questions on any of the topics we discuss or questions about issues that interest you. You can also provide recommendations on topics for future episodes.
- Email us: [email protected]
- Connect with us on LinkedIn: Coker Group Company Page
- Follow us on Twitter: @cokergroup
- Follow us on Instagram: @cokergroup
- Like us on Facebook: @cokerconsulting
Episode Synopsis
The COVID-19 pandemic has, in essence, turned the world upside-down. Healthcare in the United States and around the world will never be the same. At its core, this transformation applies to all aspects of clinical care, especially with the rapid adoption of telehealth as a viable alternative to a significant portion of in-office patient-physician visits and a greater focus on remote monitoring as an alternative to in-hospital observation. Likewise, we believe that the economic and transactional sides of the U.S. healthcare system will change as well, both in temporary and permanent ways.
As we begin to plow our way out of this crisis, Aimee, Max, and Richard consider affiliation strategies as we emerge from the pandemic and reestablish life under our “new normal.”
Extras
Leading in Crisis: How to Prepare, How to Execute, How to Thrive
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