Private equity has become increasingly entrenched in the healthcare sector, offering various financing options for providers to consider. However, like all types of financing, private equity introduces its own unique set of benefits and drawbacks and carries important legal implications. It’s essential to understand all the factors at play in order to maximize financial impact and preserve operational efficiencies while avoiding sacrificing compliance and quality of care. Tune in to hear Grace Walsh in conversation with Rachel Rose, JD, MBA, to explore this timely topic. In addition to provid ..read more

Grace Walsh speaks with Kevin Chmura, CEO at Panacea Healthcare Solutions, to explore an extremely timely topic: price transparency and its far-reaching impact on how healthcare providers interact with consumers, with each other, and with the market at large. Tune in as Kevin shares some important insights about how price transparency has opened the door to a whole new world of data analysis and strategic business strategies for healthcare providers, and covers what we might expect to see for the future of price transparency. We’ll also include some key resources for listeners hoping to boost ..read more

In the dynamic landscape of today’s business of healthcare, compliance is not merely a box to check; it’s a strategic imperative. Organizations that prioritize compliance are not only safeguarding themselves against legal pitfalls but are also paving the way for sustainable success. At the heart of this success lies a crucial element – education. It’s important for compliance professionals to explore how education can be the key to driving compliance success, focusing on the importance of educating leaders, the board, and internal staff. The Foundation: understanding compliance before delving ..read more

In the intricate realm of healthcare, where the stakes are high and regulations ever-evolving, a robust compliance framework is not just desirable—it’s indispensable. At First Healthcare Compliance, we recognize the pivotal role of Compliance Committees in steering healthcare organizations through the complexities of regulatory landscapes. Below we cover the responsibilities that make these committees the backbone of effective healthcare compliance.  Policy Development and Oversight: At the heart of healthcare compliance is a comprehensive set of policies that guide every aspect of oper ..read more

Grace Walsh is joined by Govi Goyal, President of Panacea’s Financial Services Division, and Brian Prokop, Senior Vice President of Financial Consulting Services at Panacea, to discuss the importance of undertaking a strategic pricing initiative for your organization. In our current healthcare climate, it’s more crucial than ever to maintain defensible and rational healthcare pricing while remaining competitive and optimizing net revenue. As Govi and Brian can tell you, it’s a tricky balance to strike. Tune in as they share their tried-and-true approaches to developing defensible pricing stra ..read more

In the intricate web of regulatory requirements and organizational standards, effective policy management is the pillar that keeps healthcare businesses running smoothly. At First Healthcare Compliance, we understand the challenges of navigating policy landscapes, and below, we share invaluable tips for handling policy management like a seasoned pro.  Centralize Your Policies: One of the first steps towards efficient policy management is centralization. Having a centralized repository for all policies ensures that they are easily accessible, updated, and readily available to relevant st ..read more

Grace Walsh is joined by Becky Jacobsen, Vice President of CDM, Coding & Audit Services at Panacea Healthcare Solutions, to explore the key updates to evaluation and management (E/M) guidelines for 2024. On the surface, this year’s changes may appear fairly straightforward, but dig a little deeper and you’ll find that the updates have important implications for correct coding procedures. From payers, providers, and coders to those who work in auditing or IT template development, it is essential to keep up a comprehensive grasp on E/M coding guidelines. Tune in as Becky breaks down a few o ..read more

In the ever-evolving world of healthcare, safeguarding patient information is not just a best practice – it’s a legal imperative. The Health Insurance Portability and Accountability Act (HIPAA) sets the stage for securing Protected Health Information (PHI), and at First Healthcare Compliance, we understand the critical role of a HIPAA Security Risk Assessment in achieving this goal. Below, we unravel the basics of this essential process. Understanding the HIPAA Security Rule: The HIPAA Security Rule establishes standards for protecting electronic PHI (ePHI). Covered entities and their busine ..read more

Grace Walsh is joined by Becky Jacobsen, Vice President of CDM, Coding & Audit Services at Panacea Healthcare Solutions, to explore the key updates to evaluation and management (E/M) guidelines for 2024. On the surface, this year’s changes may appear fairly straightforward, but dig a little deeper and you’ll find that the updates have important implications for correct coding procedures. From payers, providers, and coders to those who work in auditing or IT template development, it is essential to keep up a comprehensive grasp on E/M coding guidelines. Tune in as Becky breaks down a few o ..read more

In this episode of 1st Talk Compliance, we dive into an increasingly crucial topic in healthcare: price transparency and its ever-growing impact on the industry. Kevin Chmura, CEO at Panacea Healthcare Solutions, joins us to share expert insights on strategic pricing and compliance, emphasizing the transformative benefits for healthcare providers. Learn how to proactively engage with CMS regulations and set your organization apart as an ethical leader in the realm of price transparency. The post Mastering Defensible Pricing in the Era of Price Transparency appeared first on First Healthcare C ..read more