How to Transform Practice Finances for success with Advanced Payment Models
This online learning module is part of the NNE-PTN Series with the Daniel Hanley Center for Health Leadership. The module is created for practices that are moving from a fee-for-service payment model to a quality based payment model. This module is designed to:
1) Answer why practice transformation is necessary in order to participate in any advanced payment model;
2) Teach the skills to show how a practice needs to strategically use its revenue;
3) Teach how to create the capability to analyze and document value; and finally
4) Teach how to create sustainable efficiencies in order to be successful in a quality based payment model.
These concepts will be taught through a combination of interview style and webinar based modules. The courses directly align to drivers in the TCPi Change Package that directly impact the financial transformation that is needed for a practice to move from a fee-for-service model to a quality based payment model and be successful.
At the conclusion of this module, participants will:
- Understand Why Practice Transformation is necessary in order to participate in an Advanced Payment Model.
In particular, this course will focus on:
- How to strategically use practice revenue by:
- Considering the ROI of both internal and external investments
- Driving performance excellence
- Benefiting from performance payments
- How to create the Capability to Analyze and Document value by:
- Developing data skills
- Managing Total cost of Care
- How to Create efficiency of operations by:
- Streamlining work
- Maximizing provider value.
Click here to access the resources and tools provided in the module.
Practice providers, practice staff, and Practice Administrators that are in the process of moving from a fee-for-service model of payment to a quality based payment model.
This learning module is self-paced in structure and you can work through the materials at your own pace. Estimated time to complete will be 1.5 hours. The module will consist of an introduction and 4 units and will contain the following elements:
- Hyperlinks to readings, videos, web resources and tools
- Video lessons
- Optional Activities
- Pre & post assessment
Duration & Fee:
- Estimated Time to Complete: 1.5 hour
(note: the module is divided into short digestible units [5-20 mins] which can be completed in small increments)
- Registration Fee: FREE for NNE-PTN members
- CME Credits Offered: 1.5
- Computer with Internet connection
- The quiz tool within the online modules are not fully compatible with smartphones or tablets. In order to avoid issues, such as answers not being recorded, we recommend using a computer to complete the pre- and post-tests.
Assessment and Grading:
This learning module begins with a Pre-Test that will test your knowledge and allow you to gauge your baseline understanding of the topics to be covered. Your pre-test score will not count toward your overall grade. At the end of the module, there is a Post-Test that will determine your final grade. A comparison of your Pre-Test score and Post-Test score will help to assess how much knowledge you’ve gained. You will have two attempts to complete the Post-Test. Your score must be 75% or better in order to receive a certificate for CME credit.
Please complete the evaluation survey at the conclusion of the learning module.
To Obtain CME Credits:
- Complete the entire learning module.
- Complete the Pre-Test, Post Test, and Evaluation Survey at the end of the module.
- You must earn a score of 75% or higher on the Post-Test in order to qualify for CME credits. You will have three attempts to complete the Post-Test.
- After confirming that the entire learning module is complete and you have received a score of 75% or higher on the Post-Test, your certificate of completion will be generated and available for you for download.
- A CME Documentation Form will be emailed.
Table of Contents:
- Course Introduction (Orientation)
- Test Your Knowledge (Pre-Test)
- Unit 1: The importance of creating sustainable business operations in the Advanced Payment Model
- Unit 2: Driving Practice Transformation through the Strategic Use of Practice Revenue
- Unit 3: How to create the Capability to Analyze and Document value
- Unit 4: How to Create efficiency of operations
- Course Wrap Up (Post-test and Evaluation Survey)
This activity has been planned and implemented in accordance with the Essentials and Standards of the Maine Medical Association Committee on Continuing Medical Education and Accreditation through the partnership of Maine Medical Education Trust and Qualidigm. The Maine Medical Education Trust is accredited by the Maine Medical Association to provide CME activities for physicians.
The following planners, speakers and authors have indicated that they have no relationships with industry to disclose relative to the content of this activity:
Joan Orr, MCHES, MBA
Judiann Smith (Presenter)
Daniel Hanley Center for Health Leadership
Frank Johnson (Presenter)
Former Director of System and Payment Reform for the Maine Health Management Coalition
Bev Neugebauer (Presenter)
If you are having technical problems (video freezes or is unplayable, can’t print your certificate of completion, etc.) you can submit a Help Request (firstname.lastname@example.org) to the Learning Lab Team. If you have questions related to CME credit and requirements (Pre and Post-test) or course content, please email email@example.com.