“More with less, do more with less,” that is the mantra we routinely hear in business today. But what about changing this dynamic and beginning to do “more with more but with less effort?” Still, as technology allows companies to gather and aggregate more-and-more data it also allows companies to become buried under more-and-more data; however, it is this data that will propel companies to become more efficient, effective, and profitable. Yet when we look at the promises of the past it is understandable to see why many companies believe that this idea of using more technology and more data to increase efficiencies and cut costs appears more onerous than realistic.
I suppose for those who know me they know that I am not really giving up the ghost when I admit out loud that I love the movie Dumb and Dumber. And much to my family’s chagrin (mostly my wife’s) if I am channel surfing and happen to luck upon the movie whilst doing said activity the process comes to a prompt halt. While the movie is a treasure trove of silliness and one-liners, there is one exchange between two of the movie’s lead actors Lloyd (Jim Carrey) and Mary (Lauren Holly) that sticks out for many fans and non-fans alike.
Lloyd: What do you think the chances are of a guy like you and a girl like me... ending up together?
Mary: Well, Lloyd, that's difficult to say. I mean, we don't really ...
Lloyd: Hit me with it! Just give it to me straight! I came a long way just to see you, Mary. The least you can do is level with me. What are my chances?
Mary: Not good.
Lloyd: You mean, not good like one out of a hundred?
Mary: I'd say more like one out of a million.
Lloyd: So you're telling me there's a chance... YEAH!
It’s that time of year again when the air turns cool and thoughts turn to evening revelry, costumes, and child-like joy … Vegas baby! Vegas! But before we fall too in love with the lights, “games of chance,” and shows, it is best to keep in mind the sage advice given to Clark Griswold by his Cousin Eddie in National Lampoon's Vegas Vacation, “It's people like you who come here and blow the family nest egg that built this town.” And before we all go out to blow our family nest eggs, we have to first remember why it is that we in the workers’ compensation industry flock to Vegas each November like the Sparrows to Capistrano --to attend the National Workers' Compensation and Disability Conference® & Expo.
It is a great annual Conference with session-after-session of valuable material, opportunities to see old friends and meet new friends, and opportunities to meet with and learn about hundreds of comp and disability specific vendors. The Convention Hall will again this year be filled to capacity with vendors and promises of paradise. And if you are not careful and do not ask all the right questions you may leave the Convention Hall feeling like you just visited the Vegas of Old that was based on slight-of-hand and showmanship. So how do you survive the “show?”
Comp gone wild, which was how it was described to me. And with a tagline like this, such an event was too hard to pass up!!!
Medata had an opportunity to serve on a conference panel at the 67th Annual Workers' Compensation Educational Conference in Orland, FL, that we graciously accepted; however, since I had never attended the conference, I had no idea what to expect. So --being the trusting (and naïve) soul that I am-- I turned to friends to gather some global advice on the conference and they chose to lead with the Hollywood tagline. Now I have been around workers’ compensation for a lot of years and I have NEVER heard the phrases “comp” and “gone wild” used in the same sentence let alone used in the same sentence as subject modifiers. So, just like ole Jed Clampett, I loaded up the bag and flew to Orlandy, Florida, that is. Swimmin pools, comper bars...
The IAIABC recently held a Forum in Seattle, Washington, to discuss EDI, e-Billing , ICD 9s, ICD 10s, CPTs, work by the AMA, MEDs, CMS, MDG, EBM, DDG, and (believe it or not) more. This alphabet soup of acronyms can leave even the most stalwart industry professional professing to him or herself, "WTH?!"
And while it was a laudable lesson in texting 101, it was also a laudable lesson in the reality that the IAIABC is much more than just "EDI."