|

April, 2011 - Vol 11, Issue 4 |
|
|
|
Save the Date! |
 Join Coker Capital's Mark Reiboldt at Decision Health's Physician Aligment Strategies Conference June 6-8 in Las Vegas! Click below for more information and to register.
 |
|
Prepared for the ICD-10 Transition? | |
Tick tock. It's time to start the countdown to October 2013, the deadline for the new ICD-10 implementation. It may seem a long way off; however, it will be here before you know it. This transition is not just a mere software update; it is a complete transition from ICD-9 to ICD10 and from 4010 to the new 5010 affecting not only coding, but also billing and payments. Those organizations who properly prepare will move beyond compliance to competitive.
Please click here to complete a brief survey and watch for updates to see how your organization compares.
Our experienced associates can help your organization develop a comprehensive plan to get you prepared for future changes.
For more information, please contact us. |
|
Welcome to the Coker Family! | |
Coker Group happily welcomes the following employees to the Coker family:
Gary C. Bell, FACHE, Senior Vice President
Chip Nagle, Senior Vice President |
|
Coffee with Coker Materials |
Have you missed a recent Coffee with Coker, but want the materials? For free copies of Coffee with Coker presentations, please click here to contact us. |
|
|
|
Coker Group Expands Consulting Division with Acquisition of Established Executive Search Firm! |

Coker Group is excited to announce the expansion of its Consulting Services division with the acquisition of a significant interest in Nagle & Associates, an established healthcare executive search firm. This acquisition combines Coker Group's more than two decades of assisting healthcare clients with Nagle & Associates' well-known and respected reputation for unparalleled customer service. Nagle & Associates President Chip Nagle stated, "The values and culture of Coker Group are closely aligned with our own. I think this partnership should not only allow for the future growth of our search practice, but also for Coker Group and its consulting services as a whole. The sum should certainly be greater than the parts in this case."
Coker Group will draw on the acquired company's deep expertise in executive search and organizational development. This will assist clients improve the quality of their hiring decisions and achieve excellence in not only leadership selection but also in the organizational assimilation and subsequent retention of the chosen professional.
Coker President and CEO Max Reiboldt said, "I am very excited to add someone of Chip's experience and reputation to the Coker family! While we have successfully operated executive recruitment services for some time at Coker, never have we had such a leader in this area. Nagle & Associates should truly take us to the next level."
To learn more, please click here.
To contact Chip Nagle, email or call him directly at (678) 280-9688. |
|
Leadership: The Final Frontier for Achieving Competitive Advantage
By Chip Nagle | |
Although organizations across all industries face competition, in the health care industry, hospitals and health systems seem to be among those most affected by stiff competition. The question is, how can one organization set itself apart from its competitors?
Until recently, hospitals focused largely on allocation of financial resources and process improvement in revenue cycle and supply chain management, achieving great results throughout the industry. With a level playing field, hospitals must now seek competitive advantage through outstanding leadership in strategic management-not just at the top--but throughout the organization. In contrast to the traditional mindset, strategic management is not exclusive to the executive leadership group. It is a way of thinking and acting and the determinant for behavior of the organization's members.
While the quest for instilling strategic management behaviors throughout hospitals and health systems is trending upward, most organizations have a lot of growing to do. As an example, when defining professional competencies and personal attributes, some organizations only seek leadership qualities in the most senior executive positions. Rather than this narrow perspective of the place for leaders to be at the top, organizations may fare better against their competitors with leadership qualities in place from the Director level to the executive suite. By placing true and effective leaders at all functional levels, the focus can be on the creation of distinctive capabilities that have discernable value to their customers or marketplace. The goal would be to position the organization for superior sustained performance, from both an operational and revenue growth perspective. Click here to read the full article. |
|
Coffee with Coker - a FREE monthly webinar! | |
Time: 11:30 a.m. EST
Hospital Physician Alignment Models and the Alignment Process
Economic pressure on healthcare providers to develop innovative strategies has never been greater. Physicians and hospitals must work together to achieve strength in numbers. Physicians are nervous about the new world of healthcare, especially with federal reform legislation changes. So while hospital employment of physicians has been increasing for several years, it is gathering momentum as physicians contemplate the likelihood that the future will be nothing like the past. In light of the need for long-term planning and integration strategies, this session will explore various alignment models, key factors to fair market value, the process and timeline to align, as well as other key factors in the alignment process.
Knowledge Nuggets:
- Examine the current trends in physician-hospital alignment and explore various alignment models
- Understand the typical process that a practice/hospital goes through to align
- Define fair market value and discuss key factors of the FMV process
|
|
Customer Care
By Karen Chamblee |
A couple of weeks ago, as I was sitting in my hairdresser's chair, he said of his attorney, "I would feel so much better if he would just keep me in the loop." My hairdresser had been injured in a car accident and was lamenting his dealings with the attorney assisting him. In the week preceding this comment my husband, whose physician forgot to call with the results of a serious test he had undergone, expressed a similar sentiment: "I am going to look for a physician who is responsive and has time for me." This sentiment about delays in communication is becoming an all too familiar refrain. A friend had waited five days for a prescription for a diagnosed bladder infection. Another relative could not get his physician to tell him if he would have to be hospitalized for a medical procedure.
These events and comments really resonated with me in my role as a customer service advocate. In whatever healthcare role we find ourselves-- an administrator of a single physician practice, a nurse practitioner in a multi-specialty clinic, a healthcare system CEO, administrative assistant--we cannot be reminded often enough that our greatest asset is our customer base. In our business, we get what we want--a sound bottom line, wRVU bonuses, job security--by giving our customers/patients/clients what they want. Click here to read the full article. |
|
|
|
|
|
 |
|
About Coker Group
Coker Group, a leader in healthcare consulting, helps physicians, hospitals, and other providers find answers and solve problems in management and business operations. Our consulting team members are proficient, trustworthy professionals with experience and strengths in various areas. Coker's staff includes seasoned individuals in finance, administration, management, operations, compliance, and information systems. Coker integrity is unquestionable.
The CokerConnection© 2011 is an electronic newsletter published monthly by Coker Group, copyedited by Kay Stanley and compiled for the internet by Trish Hutcherson. The articles and viewpoints presented in the CokerConnection© are for informational purposes only and not intended to constitute legal or financial advice. If legal, financial, or other professional advice is required, the services of a competent professional should be sought. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher. |
|
|
|
|