Refining the Art and Skill of Juggling
The relationship between patient satisfaction and payment challenges financial leaders to keep both balls in play.
Hospitals Are Using Cost Reduction to Trim Patient Charges
The healthcare industry has undergone a major decrease in average annual charge growth. Hospitals at the lowest end of the charge growth spectrum are using cost reduction to slow the level of charge change.
A New Framework for Healthcare Performance Improvement
Improvement initiatives must increasingly focus on long-term, high-impact areas that reengineer clinical care, sharpen an organization’s service portfolio, and exploit the system’s scale of operations.
Big Data: Another Emerging Disruptive Force in Health Care
A Texas hospital used big data to improve processes in magnetic resonance imaging.
Better Blood Management Helps Johns Hopkins Reduce Length of Stay, Save Nearly $3 Million
Johns Hopkins Medical Institutions saved money and improved on quality metrics by implementing a blood management program.
Healthcare Cost Containment: August 2018
Subscribers can access the August 2018 issue of Healthcare Cost Containment.
What’s Driving Increased Hospital Cost Concerns?
Cost control eclipsed revenue growth as the top priority among health system CEOs, according to Advisory Board’s Annual Health Care CEO Survey.
4 Ways Real Estate Strategy Curbs Costs and Supports Care
By perfecting the “puzzle” of care settings and reaching more patients more effectively, health systems can make invaluable headway in their critical goals of reducing fixed and operating costs.
Decline in Hospital-Acquired Conditions Saves Almost $3B
AHRQ reports that hospital-acquired conditions fell by 350,000 between 2014 and 2016. With an adverse drug event costing a hospital anywhere from $1,200 to $9,000 and a catheter-associated urinary tract infection costing between $5,000 and almost $30,000, this reduction is a positive indicator for reducing health costs.
Improving Patient Experience May Reduce Readmissions
Providers should ask high-risk patients about their care experiences before discharge to help reduce costly readmissions.