Clinical Investment Fund - PowerPoint Presentation

Slide1

Clinical Investment Fund

FY

2020

Requests

Month DD, 2018

Department of XX

Department should submit no more

than 4-5 slides

per request

Clinical Investment Fund Request

[Name of Funding Request]

Total FY

2020

Request Amount: $

[Type brief description of funding request here]

[Department Name ]

Request

Strategic

Alignment

: xx

Operations

: xx

[Other impacts, such as market need]

: xx

(do not reference financial benefit to hospital)

Clinical Investment Fund Request

Hillsborough Emergency Department

Total FY 2019 Request Amount: $200K

Continuation of HBH Emergency

Medicine subsidy to support 24/7 coverage and support of HBH IP and OP services

Emergency Medicine

Request

Strategic Alignment

: Subsidy aligns with the academic mission of the hospital as well as Triangle strategy goals

Operations

: HBH EM supports Med Center decompression and helps with access and LOS goals

EXAMPLE

Clinical Investment Fund Request

[Name of Funding Request]

Criteria

Assessment

Explanation of Assessment

A.

Requested Financial Support for

FY20

0

$

$$

$$$

$$$$

($0

) (<$

100K)

($

100-$500K)

($

500K-$1M)

($

1M

+)

Investment

needed to launch

or

sustain the initiative

FY20

request amount: $

Annual amount likely needed for

FY21

and beyond: $

Further explanation:

B.

Financial Return

(

Low, Medium, High)Perceived financial impact (anticipated revenue minus steady state costs) to UNCFP C.Capacity Needs (Low, Medium, High)Projected resources required for full initiative deployment (staffing, coordination, bed/OR capacity, marketing, etc.) D.Implementation Risk (Low, Medium, High)Potential risk of implementation failure; ability to execute successfully E.Strategic Alignment (Low, Medium, High)Perceived alignment with system and UNCMC mission, and Triangle Strategy goals; opportunity for collaboration(s) within and across UNCMCF.Defined Success (Metrics) What metrics should be used to ensure that funds are used as intended and the investment is a success?Metricse.g., productivity, access, LOS, etc.Please propose values for achieving metrics (e.g., dept./division exceeds MGMA median wRVU benchmark for fiscal year); furthermore, please describe qualitative aspects of success for the department, UNC Hospitals, and/or UNC Medical Center

Initiative Name/Description Initiative Value Proposition (“Elevator Pitch”)

Clinical Investment Fund Request

Hillsborough Emergency Department

Criteria

Assessment

Explanation of Assessment

A.

Requested Financial Support for

FY20

0

$

$$

$$$

$$$$

($0

) (<$

100K)

($

100-$500K)

($

500K-$1M)

($

1M

+)

Investment

needed to launch

or

sustain the initiative

$$

Please explain any anticipated support needed over a 5 year horizon beyond

FY19

FY19 request:

$XXM/K

Anticipated

Cumulative Support of

$XXM/K over X year horizonB.Financial Return (Low, Medium, High)Perceived financial impact (anticipated revenue minus steady state costs) to UNCFPMedSubsidy supports ED providers and supports downstream departmentsC.Capacity Needs (Low, Medium, High)Projected resources required for full initiative deployment (staffing, coordination, bed/OR capacity, marketing, etc.) LowSupport will be committed to existing facilities at Hillsborough HospitalRequest for funding to continue operationsD.Implementation Risk (Low, Medium, High)Potential risk of implementation failure; ability to execute successfully LowSupport will be committed to existing facilities at Hillsborough HospitalRequest for funding to continue operationsE.Strategic Alignment (Low, Medium, High)Perceived alignment with system and UNCMC mission, and Triangle Strategy goals; opportunity for collaboration(s) within and across UNCMC High Aligns with Triangle Strategy priorities to “Improve Health” and “Increase Value”Supports system mission to be “the leading AMC”F.

Defined Success

(Metrics)

What metrics should be used to ensure that funds are used as intended and the investment is a success?Door to doc (min) -- 19.7Doc to dispo

(min) --

106

Overall LOS (min) --

171

Initiative Name/Description

Initiative Value Proposition (“Elevator Pitch”)

Continuation

of HBH Emergency Medicine funding

Emergency Medicine was asked in 2015 to staff HBH ED with 24/7 coverage and an annual renewal optionAcuity (and reimbursement) of patient population lower than at UNCMC ED

EXAMPLE

Data BackupPlease include 1-2 slides with any data that supports your request and/or describes the program(s) that would receive support

Metric(s) of Success

Please propose how success will be measured based on any investment from the CIF; the CIC intends to hold each department accountable based upon appropriate metrics

Summary of Requests

If the department is submitting multiple requests, please summarize all requests in table format

Initiative

Name/Description

FY 2019 Amount

Requested

XX

XX

XX

XX

TOTAL

$XX

Department of XX

Scorecard

Funds Flow Impact & Operating Performance

Reserves

Expense per Day

Days of Cash

Inpatient

Visits

Outpatient Visits

Total Visits

Prior YTD November

Current YTD November

Increase / (Decrease)

Charges

Net Receipts

Adjustments

Net

wRVU

Days

in AR

GCR

NCR

Prior YTD November

Current YTD November

Increase/ (Decrease)

FTE

cFTE

Prior YTD November

Current YTD November

A

B

C

D

= A+B+C

E

F = D + E

UME

GME

Clinical

Total

Funds Flow Change

FY17 Change in

Net Assets

FY17 Change in Net Assets in Funds Flow

Funds Flow

Impact

TO BE COMPLETED BY

UNCFP ADMIN

Department of XX

Scorecard

Compensation & Productivity

FY 2017

Compensation

Total Department Comp

Dept. Incentive or Other

Payment

% Incentive to Total Comp

Dept. FTEs

Dept

cFTE

Total Department

Comp per FTE

AAMC Median Total Comp per FTE

% of AAMC Median

Emergency Med

Chair

Professor

Associate

Assistant

Instructor

Grand Total

Productivity

Department net with RVUs

MGMA

wRVU

Median

% of MGMA

wRVUs

not

Adj

for

cFTE

Emergency Med

Chair

Professor

Associate

Assistant

Instructor

Grand Total

TO BE COMPLETED BY

UNCFP ADMIN