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.
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.
Hospital Saves $49M by Engaging Department Leaders
Small-scale projects to reduce waste and improve efficiency can add up to boost hospital bottom lines. The key is tapping leaders’ knowledge of what processes need to change.
From Professional Evaluation to Clinical Excellence
Leading hospitals are stretching farther and using actionable data on physician performance to accelerate overall performance improvement.
Purchased Services Contracting for Employed Physician Practices Cuts Cost, Improves Service
Piedmont Healthcare saved almost $90,000 for its employed physician practices by securing a purchased services contract for after-hours answering services.