High Performing Healthcare & Hospital Contracting with Ray O'Kelley | E.6
Three steps to establishing the foundations of a healthy contract for hospitals and healthcare organizations.
In Episode 6 of The Healthcare Leadership Experience, Lisa is joined by Ray O'Kelley, CEO & Founder of Healthy Contracts and Business Data Applications (BDA), Inc. Ray has 25 years of experience in healthcare software leadership, and helped to build MediTract to a $300 million division.
Ray is a Veteran, and retired United States Marine. He served ten years of active duty during the Persian Gulf War.
Today’s episode is sponsored by Invoice ROI™, the only patented purchased services and indirect spend technology to manage, monitor and benchmark line item details.
In this episode of The Healthcare Leadership Experience you’ll hear:
- Discover the true definition of a contract review. (Hint: It isn’t sending a 30-page contract out to four different people and asking them to read it).
- Why the open source innovative technology behind the Healthy Contracts and BDA healthcare contract system is highly important and why it has to be the technology of today, not the past. "If you have a payer you want to reconcile, a bank of CBTs, DRGs to analyze, this technology can support it."
- Discover the three steps to determine the renewal type of a hospital healthcare contract and when "interpretive extraction" is vital.
- Why there’s no total AI solution for contract management — and why integrity is essential. "When we look at AIs and robotics, we ask ‘’Can it make a legal interpretation?.... and 50% of the time it can’t."
- Discover the four primary goals for working with hospitals and their contracts — and why in software as a service (SAAS) the data must be accurate and simple to use.
- Why your hospital must understand what’s really happening in your healthcare contracts. "There’s waste … but most hospitals don’t have the resources to identify, mitigate, remediate and renegotiate it."
Resources:
🖥 https://www.healthycontracts.com
🖥 https://www.businessdataapps.com
Connect with Lisa:
📧 lmiller@viehealthcare.com
📱https://www.linkedin.com/in/lisamiller/
Check out this episodes sponsor:
🖥 https://viehealthcare.com/category/invoice-roi/