Blog

In order to stay abreast of the latest news and trends in this fast changing environment, we decided to start a blog. The Coker Group Report allows our consultants the opportunity to share postings on their thoughts and insights on topics relevant to everyone who is interested in healthcare.

Below is a sample of one of the recent posts.

Healthcare Cybersecurity – Where are You Vulnerable?

Experts warn when it comes cyber breaches, it is not a question of if, but when we will be hacked. Cybersecurity threats are real. Most practices don’t understand the complexities of the HIPAA Privacy/Security Rule. The punishment for failing to protect patient privacy is much worse for those who are unprepared.

Healthcare cybercrime, a form […]

By |February 23rd, 2018|

The Tax Cuts and Jobs Act’s Effect on Recruitment Incentives

The Tax Cuts and Jobs Act (TCJA) that became law on December 22, 2017, is beginning to have an impact on physicians, specifically with the recruitment incentives most health systems offer to new physicians. Traditionally, relocation or moving expenses provided to new physicians as a recruitment incentive were not considered direct income to the […]

By |February 19th, 2018|

Physician Practice Mergers: Leveraging Strength in Numbers

Consolidation is a hallmark of the current healthcare industry. As many hospitals decide to align strategically, so too are practices looking for ways to take advantage of strength in numbers. One of the tactics private practices can pursue is to merge with other entities.

Physician practice mergers typically fit into three major structural classifications:

 

1. Legal […]

By |February 16th, 2018|

Bundled Payments on the Horizon: New Medicare Payment Program

On January 20, 2018, the Trump administration announced it was starting a new Medicare payment program. The New York Times reported that under the new initiative, “…Medicare will make a single ’bundled payment’ for nearly all the services provided in a 90-day period to certain Medicare patients who are admitted to a hospital or […]

By |January 11th, 2018|

Advanced Practice Provider Compensation Alignment as a Strategy Multiplier: Implementing Value-Based Reimbursements

By Stephen Ross, MHA, FHFMA, CMPE, Manager | Coker Group
 

It is easy to recognize that the healthcare industry is moving from a predominantly fee-for-service model to a value-based reimbursement system that rewards both hospitals and physicians based on quality outcomes, cost efficiency, and patient experience. Broad-scale payment reform initiatives, such as MACRA and MIPS, […]

By |November 15th, 2017|

Revenue Cycle: Is Your Process Healthy? The Numbers May be Misleading!

Revenue cycle (RC) operations are dynamic with many different components impacted by variables within practice operations. Given the diminishing margins in healthcare, proper attendance to the RC processes is essential. Whether the practice is in a heavily managed payer environment, remains mainly fee-for-service, or is an elective, i.e., cash-only business, the revenue cycle system […]

By |August 23rd, 2017|

Healthcare Cybersecurity: Is Your Data Protected?

Healthcare cybercrime, a form of online terrorism that has been impacting other industries over the past 20 years, is now threatening the very safety and well-being of our nation’s healthcare system. Daily, we read about security breaches in small, medium, and large healthcare organizations that often effect hundreds, thousands, or even millions of people […]

By |July 5th, 2017|

Implement Healthcare Leadership Development to Maximize Profitability

Depth of  healthcare leadership development is vital to an organization’s strategic success. Further developing the members of your organization’s leadership team  pertinent to decision making style and effective communication amongst the team is an important step in culture building and in ultimately implementing strategy. Coker Group has the experience not only to assist you […]

By |July 5th, 2017|

Looking For a High-Quality Healthcare Business Valuation?

The healthcare reform, reimbursement pressures, increasing operating costs, and capital needs are stimulating merger and acquisition activities involving hospitals, medical groups, physicians, and other healthcare businesses to occur at a rapid pace. From initial strategic planning to the finalization of the transaction, and to post-transaction financial reporting, subject business valuation plays an integral role […]

By |June 12th, 2017|

Physician Compensation Advice: Are Your Compensation Arrangements Fair Market Value and Commercially Reasonable?

A look at healthcare news articles should highlight the government’s focus on compliance with respect to physician compensation arrangements. Tuomey, Adventist, Halifax, Citizen’s Medical Center, Broward Health… the number of recent settlements are becoming too numerous to track. In response to this, health systems should increase their focus on compliance in this arena, looking […]

By |June 12th, 2017|