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.
Medicare Enrollment Rate Will Peak in 2030
Medicare enrollment rate will increase by approximately 44 percent by 2030. After that time, the numbers will increase at much slower rates.
Cybersecurity Preparation Guidelines
Associations, legal experts, and insurance companies can offer resources for cybersecurity program development.
Key Drivers of the Increased Use of Captives with Reinsurance
A number of healthcare industry trends have prompted the widespread use of captive health plans with reinsurance as a means to address risk under population health management initiatives.
Population Health Management Support Services
A captive health plan’s programs and services can be supported by a broad range of services that can be delivered by partner organizations, including case management, claim recovery, and patient advocacy.
Crowdfunding: Assessing Benefits and Risks
Crowdfunding can increase investor participation and engagement between project initiators and potential funders, as well as raise awareness of neglected health issues.