Why an Osteopathic Residency in Your Hospital OGME Development Initiative.

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Presentation transcript:

Why an Osteopathic Residency in Your Hospital OGME Development Initiative

Benefits to Your Hospital Physician Recruitment Revenue Stream In-House Physician Coverage Education and Technical Expertise Enhanced Community Relations Status in the Community = Competitive Advantage

Benefits to Your Medical Staff Expanded Referral Network Environment of Life-Long Learning Prestige in the Community Loyal Cadre of Graduates Tighter Bonds between Attendings, House Staff and Nursing Enhanced CME Opportunity for all Medical Staff Opportunity to Mentor and Mold Future Physicians

Recruiting Benefits Grow Your Own Medical Staff Reduced Recruiting Expenses Known Caliber of Training Physicians Already Known and at home in the Community

Patient Care Benefits Enhanced Quality of Care Increased Ability to Serve Unmet Community Healthcare Needs Opportunity to Expand Scope of Services Presence of Residents 24/7 More Contact with Physicians Increased Comfort Level for Nursing

Financial Benefits Medicare Direct and Indirect GME Payments Presence of Residents May Reduce Medical Staff Coverage Expenses Potential Increase in Physician Referral Base Funding also may be available from Medicaid, the Veterans Administration, the Health Resources and Services Administration or other federal or state programs

Trends Affecting Your Hospital Physician Workforce Shortage New Colleges of Osteopathic Medicine Increasing Interest in Becoming an Osteopathic Teaching Hospital Increasing Number of Osteopathic Graduates = Opportunities and Options for Your Hospital

Estimating Your Hospital’s Medicare Payments Figuring DGME Payment Calculating the IME Adjustment Change in IME with Teaching Intensity

DGME Payment Medicare’s share of costs directly related to resident training Includes residents’ stipends and fringe benefits, supervisory physician salaries and benefits, and program administration and overhead costs Product of the hospital’s per resident amount (PRA), Medicare utilization rate, and number of full time equivalent (FTE) residents

IME Payment Recognizes a teaching hospital has higher patient care costs due to the presence of a teaching program Includes the costs of treating sicker patients, offering more services and technology, and training residents who order more tests and are inherently less efficient in providing patient care Product of a hospital’s teaching intensity, DRG payments, and the IME adjustment factor for the current fiscal year

Resources Local Champion(s) Physician Leadership Medical Staff Hospital Administration The Hospital Board The Community Your OPTI The AOA

For Further Information OGME Development Initiative (800) , ext