12/3/2012 3:50:30 PM
WASHINGTON, December 3, 2012 – The Advisory Board Company’s Southwind program announced Monday that Lancaster General Health was presented the Physician Alignment Award in Physician Practice Management. The health system was among three top-performing healthcare provider organizations to receive national awards for successful physician alignment.
LG Health received the award for improving quality of care while saving more than $5.5 million by improving its medical group’s revenue cycle and providing physicians access to automated performance reports.
“The medical group we established back in the 1990s has emerged from the transformation initiative as a high-performing, aligned group that has achieved sustainability for our investment,” said T. Raymond Foley M.D., A.G.A.F., President, Lancaster General Health Physicians. “We are honored to receive this recognition for our work. Our physician productivity is strong, and our professional fee revenue cycle has vastly improved its performance with increased automation.”
LG Health engaged Southwind to help improve management of more than 170 physicians, including more than 100 employed by the system’s multispecialty medical group.
The initiative created a $5.5 million ongoing annual improvement in LG Health’s revenue cycle. The system instituted a physician compensation model based primarily on payer reimbursement for their services and that also included a 10% component for care quality. In addition, LG Health now provides physicians with access to automated reports that track performance toward compensation goals and compare physicians’ performance to the practice average.
The other honors went to: Dignity Health, The Physician Alignment Award in Clinical Integration, for engaging more than 2,300 physicians to improve collaboration; and Adirondack Region Medical Home Pilot, The Physician Alignment Award in Clinical Transformation, for implementing advanced primary care across all health care providers in a region of New York.
“When hospitals, health systems, and other providers begin making the transformation from volume-based to value-based care, no factor plays a more critical role in their success than the ability to align closely with physicians on cost and quality performance,” said John Deane, CEO, Southwind, The Advisory Board Company’s health care management and consulting services program. “These three organizations are national leaders in executing key initiatives for an accountable care strategy: improving performance, raising quality, and reducing costs.”
For more information on Southwind, please visit the Southwind award homepage of the Advisory.com website.
About The Advisory Board Company
The Advisory Board Company is a global technology, research, and consulting firm partnering with 125,000 leaders in 3,700 organizations across health care and higher education. Through its innovative membership model, the firm collaborates with executives and their teams to elevate performance and solve their most pressing challenges. The company provides strategic guidance, actionable insights, web-based software solutions, and comprehensive implementation and management services. For more information about The Advisory Board Company, visit http://www.advisory.com.