Deirdre Baggot Shares Why Healthcare Facilities Are Making The Switch To Alternative Payment Models

Medicare is requiring that all healthcare providers switch to alternative payment models rather than how they traditionally bill patients. This includes adapting to one of the bundled payment systems or doing a pay-for-performance initiative. The three reasons for this, according to Deirdre Baggot who has extensive experience with bundled payment arrangements, is that they improve the care patients receive, reduce costs, and lead to better outcomes for patients. Read more about Deirdre Baggot on crunchbase

Deirdre Baggot offers consulting services to hospitals and physician groups who need to make this transition. She says that she started working with bundled payment systems in 2010 and in the past eight years they have shown themselves to be effective at all three of their objectives. She has spent her time since 2010 studying, testing, and developing a variety of different bundled payment systems and is gratified that her work is paying off.

The latest iteration of a bundled payment system is called BPCI Advanced. This one, in particular, is popular in the healthcare community because it offers a 5% bonus to participants. She says that adapting to BPCI Advanced requires a complete change in mindset to providing healthcare to patients from how it has been done in the past. It gets rid of unnecessary tests, for instance, and otherwise streamlines the whole process of how patients are cared for.

Deirdre Baggot says that healthcare providers do take on some clinical and financial risk when they make the switch to a bundled payment system. Due to this fact it was nursing facilities that first made the leap as it was easier for them to do. She says that more and more hospital and physician groups are now doing so. She lists among the benefits that patients are readmitted as often, medical errors are reduced, and different healthcare facilities can coordinate care more effectively.

Read more: http://medicaldailytimes.com/health-news/exploring-bundled-payment-systems-deirdre-baggot/4015/

 

Susan McGalla The Reason She Has Been Successful in Her Career

Susan McGalla is one of the most inspiring women professionals in the United States, and her glowing and successful career has helped many women to dream and become like her. Susan McGalla is a standing example of how women can achieve their dreams in the otherwise male-dominated corporate world as well if they pursue their career smartly. The prejudice in the corporate world between male and women executives is shrinking, and women who deserve are certain to rise to a better position in the company. Susan McGalla feels that it is necessary for the women to focus on completing their education as it is what would help them get designation in the companies.

Susan McGalla has served as the President at American Eagle Outfitters Inc and as the CEO at the popular Wet Seals Inc. Susan McGalla believes that it is essential for the businesses to give women equal opportunity, as well as many women deserving professionals, are out there who aren’t getting same opportunities as men. She said in an interview recently that even though the position of women has gotten better in the past few years, it is not the same as the male counterparts yet. It is because the glass ceiling problem still exists. Susan McGalla said that women should complete their education and must ensure that they get good grades to achieve an edge over the male counterparts. Susan McGalla has achieved a lot in her career spanning two decades and continues to be a successful businesswoman.

Susan McGalla had never had it easy when she started her career in the corporate world. There were a few women in the head positions, and it took a lot of hard work to climb the stairs in her company. She never made her colleagues that she was entitled in any way and it is the reason why she was respected.