Pediatric Resource Group (PRG) reposted this
Founder & CEO at Pediatric Resource Group, Chief Medical Director at Children's Hospital Los Angeles
Can you name the administrative physician role that has the greatest impact on hospital operations? Hint: It's not the Chief Medical Officer, Chief Medical Director, Chief Quality Officer, Chief Medical Information Office or any service line medical directors. Correct answer: The Physician Advisor What is a Physician Advisor? -A physician in an administrative role who acts as a liaison between clinicians, UR/Care Management nurses, hospital admin, payers and others to facilitate efficient and high-value care. This leader ensures compliance with regulatory requirements and helps the leadership team reach overall organizational goals. What are the responsibilities of this role? -See slide 1: One Physician Advisor cannot do everything on that list. A hospital needs to decide the strategic priorities and pain points of the organization, tailor the role to meet those needs, and then staff the role appropriately. What is the return-on-investment (ROI) of the Physician Advisor? -See slide 2: It's significant. The impact of correct status determination (inpatient vs outpatient/obs), preventing/overturning denials, and following up on all CDI queries can be in the millions of dollars per year. And those are just a few responsibilities of the role. What if we already use a vendor for remote Physician Advisor reviews? -Internalizing a Physician Advisor program can save your hospital millions of dollars/year, even when factoring in the costs of paying for an internal program. In addition, an internal program creates leadership opportunities and non-clinical work that many physicians crave. You can also see greater "buy-in" from the medical staff when they interact with physician colleagues that are in this role. How can my hospital assess, optimize, train, expand, internalize, or develop a Physician Advisor program? -Contact Pediatric Resource Group (PRG) Our team of over 35 physician, nursing, admin leaders are national experts who have pioneered the role. We have pediatric and adult consultants who can provide this service for any hospital, not just pediatrics. #physicianadvisors #ACPA #revenuecycle #CMO