Using a Lab Formulary to Improve Value
In an effort to improve the value of the care it delivers, Vanderbilt University Medical Center uses a multidisciplinary committee to determine which lab tests to make available to providers.
Behavioral Economics: A New Approach to Healthcare Improvement
Behavioral economics goes beyond information sharing and financial incentives to give providers tools that can nudge both patients and clinicians to make beneficial healthcare decisions.
Rolling Forecasts Foster Collaboration Between Finance, Operations
Leaders at Park Nicollet Health Services moved from a traditional budget to a rolling forecast with an eye toward fulfilling principles of continuous improvement.
Want to Be a More Effective Leader? Be the Sensei
These eight strategies can help anyone become a master in the discipline of leadership.
Who’s Driving the Bus?
Disruption from new market entrants and issues around price transparency are among the trends that could make life difficult for traditional healthcare stakeholders if they fail to adapt.
Healthcare Cost Containment: December 2018
Subscribers can access the December 2018 issue of Healthcare Cost Containment.
Pressure Ulcer Prevention Can Save Costs
Pressure ulcer treatment can be as high as $150,000 and can add approximately $40,000 to a hospital stay.
Some Regulatory Reduction Plans Draw Hospital Concerns
Areas of concern include around transfer agreements and patient status.
Mercy Saves Millions in the OR Through Standardization and Automation
Surgeons from Mercy’s 41 hospitals worked with perioperative directors to reduce costly physician preference items. The health system also used an inventory management system to improve charge capture and eliminate time-wasting manual processes. Overall, Mercy has cut its supply costs by $3.6 million in 12 months.
7 Focus Areas for Reducing Healthcare Expenses
Healthcare providers should focus on seven areas to control costs and maximize savings while continuing to deliver high-quality patient care.