Explore the potential of Observation Medicine in emergency departments through this 25-minute conference talk. Delve into the importance of observation services in today's healthcare landscape, focusing on DRG economics, documentation requirements, and CPT coding. Learn about professional observation codes, coding scenarios, and 2016 RVU values for observation services. Discover coding methodologies, clinical benchmarks for patient complexity, and criteria for determining which patients should be placed in observation. Examine the spectrum of complexity in observation cases, strategies for improving length of stay and cost efficiency, and staffing models for profitable observation units. Gain insights into the 2016 changes, including observation as a comprehensive APC and its impact on hospital revenue. Enhance your understanding of how to create a world-class emergency department by leveraging observation medicine as a potential "blue ocean" strategy.