Dr. Kathy Murphy and Jeffrey Myers, CFO Will Address PAMA Market Pricing Models for the Hospital C-Suite
Online PR News – 20-April-2016 – Ann Arbor, Michigan – Ann Arbor, MI (April 19, 2016) — Chi Solutions, Inc. (Chi), an Accumen company, announced today that executives Dr. Kathy Murphy and Jeffrey H. Myers will serve as faculty at the 21st Executive War College Conference on Laboratory & Pathology Management April 25th - 26th at the Sheraton Hotel in New Orleans, Louisiana.
In a fifty-minute session scheduled for Tuesday, April 26th at 8:00 a.m., Dr. Murphy and Mr. Myers will demonstrate the impact of potential pricing models on reimbursement for hospital laboratories as CMS applies pricing rules to specific tests as a result of the Protecting Access to Medicare Act (PAMA). The presentation will include a comprehensive look at strategies that may be implemented proactively, including engagement of the hospital and health system c-suite to protect laboratory outreach revenues.
“PAMA captured the full attention of most pathologists and clinical laboratory managers nationwide late in 2015, particularly the section of the law that requires CMS to collect market data from labs about test prices by payer,” stated Robert L. Michel, Editor-in-Chief of The Dark Report and Founder of the Executive War College. “Yet, despite this high interest, there are few useful analyses of how the proposed rule would be implemented and how labs should anticipate complying with this law. That is why this session will provide information and valuable insights about PAMA that can help lab administrators and pathologists comply with the law while protecting the financial sustainability of their lab organizations.”
“In the foreseeable future, price transparency and payment pressures will persist from various sources, including patients, payers, and market conditions. Hospitals and health systems should develop proactive steps for responding to these pressures in a way that also promotes long-term organizational growth and sustainability” said Myers.
As Chi begins a new phase of its legacy as a wholly-owned subsidiary of Accumen, Jeff Osborne, CEO is enthusiastic in saying that “when there is a need to pursue clinical laboratory consulting for complex challenges, who better to partner with than Accumen and Chi?!”
Dr. Kathy Murphy is a Senior Growth Advisor for Accumen and the author of “The Profit Machine in the Hospital Basement” which is set to release at this year’s Executive War College and has more than 25 years of progressively responsible experience in diagnostic services management and consulting. A noted speaker and author on the topics of operations improvement, outreach trends, and laboratory accreditation, she also directs the annual performance and publication of Chi’s widely regarded and referenced Comprehensive National Laboratory Outreach Survey. Dr. Murphy obtained her PhD in microbiology and immunology from the University of North Dakota and has completed executive education coursework at Dartmouth and Harvard Business School.
Mr. Myers is a Certified Public Accountant and earned a Bachelor’s degree in Accounting and Business Law from the University of Tennessee. He has more than 20 years of experience in financial analysis and executive-level experience in the healthcare industry. Prior to joining Chi, Mr. Myers served as the CFO for the Diagnostic Services division at Duke University Health System and at Dynacare Tennessee, an independent clinical laboratory joint venture between Dynacare and the University of Tennessee Medical Center.
About Accumen Inc.
Accumen is a healthcare transformation company. Using a proven blueprint, innovative customized approach and proprietary technology, Accumen partners with health systems to set new standards of performance in the clinical lab - driving higher quality, better service and unprecedented value. Accumen delivers proven results in Clinical Laboratory Operations and Patient Blood Management with solutions that are designed to help clients create healthier labs, healthier hospitals and ultimately, healthier communities.
About Chi Solutions, Inc.
Chi Solutions, Inc. (Chi) is a nationally-recognized clinical laboratory consulting and management firm focused on delivering revenue growth, cost savings, and optimized operations for hospitals, health systems, and hospital-owned independent laboratories. Chi’s expertise and specialty is transforming laboratories into economic engines. Chi offers the broadest service offerings in the industry including strategic options; laboratory management; outreach growth and management; consolidation and integration; performance enhancement; advisory support in finance, operations, and outreach; benchmarking (Chi IQ®); and RVU tools.
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Find more information at www.accumen-chi.com.