Healthcare Cost Containment: December 2019

December 12, 2019 4:54 pm

Read the contents of the December issue of HFMA’s Healthcare Cost Containment newsletter.

Access a PDF of the issue.

Health information technology

Houston Methodist saves $15.5 million by sharing actionable cost data

Laura Hegwer

Finance leaders at Houston Methodist are true partners with clinicians, the hospital’s chief medical information officer said. They help validate the cost savings achieved through clinicians’ work to reduce variation.

Costing and managerial accounting

A look into the cost-accounting systems of the future

John Gragg

Access to real-time data allows healthcare leaders to act on the activities that need immediate attention before they escalate to more serious problems.

Staff development

Going digital in 3 areas avoids nurse burnout and improves retention

Will Eadie

Using digital tools in key areas of any healthcare organization helps avoid burnout and retain nurses and other clinicians.

Patient experience

How texting taps into better patient communications and savings opportunities

Brandon Daniell

The almost universal use of cell phones opens up the convenience and benefits of texting as a means of patient communication.

Performance improvement

Cost transformation requires accountability

From our Sponsor, Kaufman Hall

Incumbent providers will be put to the test as the healthcare business model shifts to a price-competitive, retail-focused market. All stakeholders within the organization must understand what is at stake and their responsibilities for achieving results.

Clinical costs

Advanced practice providers optimize efficiency and improve financial performance

Zachary Hartsell, MHA, PA-C; Mark Rumans, MD, MMM; Julie Bowman, MSN, RN; and Jared T. Muenzer, MD, MBA

Phoenix Children’s Hospital optimizes its advanced practice provider staff to ensure clinicians are working at the top of licenses, improving productivity and cost efficiency.

Healthcare Costs at a Glance

Individual spending on healthcare was $10,000 in 2017

Healthcare spending in 2017 grew at a similar pace to the 2008-13 timeframe, which was just prior to coverage expansion.

Read the contents of the December issue of HFMA’s Healthcare Cost Containment newsletter.

Access a PDF of the issue.

Health information technology

Houston Methodist saves $15.5 million by sharing actionable cost data

Laura Hegwer

Finance leaders at Houston Methodist are true partners with clinicians, the hospital’s chief medical information officer said. They help validate the cost savings achieved through clinicians’ work to reduce variation.

Costing and managerial accounting

A look into the cost-accounting systems of the future

John Gragg

Access to real-time data allows healthcare leaders to act on the activities that need immediate attention before they escalate to more serious problems.

Staff development

Going digital in 3 areas avoids nurse burnout and improves retention

Will Eadie

Using digital tools in key areas of any healthcare organization helps avoid burnout and retain nurses and other clinicians.

Patient experience

How texting taps into better patient communications and savings opportunities

Brandon Daniell

The almost universal use of cell phones opens up the convenience and benefits of texting as a means of patient communication.

Performance improvement

Cost transformation requires accountability

From our Sponsor, Kaufman Hall

Incumbent providers will be put to the test as the healthcare business model shifts to a price-competitive, retail-focused market. All stakeholders within the organization must understand what is at stake and their responsibilities for achieving results.

Clinical costs

Advanced practice providers optimize efficiency and improve financial performance

Zachary Hartsell, MHA, PA-C; Mark Rumans, MD, MMM; Julie Bowman, MSN, RN; and Jared T. Muenzer, MD, MBA

Phoenix Children’s Hospital optimizes its advanced practice provider staff to ensure clinicians are working at the top of licenses, improving productivity and cost efficiency.

Healthcare Costs at a Glance

Individual spending on healthcare was $10,000 in 2017

Healthcare spending in 2017 grew at a similar pace to the 2008-13 timeframe, which was just prior to coverage expansion.

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