Advanced Analytics Must Drive the Next Round of Productivity Initiatives
To achieve the next round of cost-reduction goals facing hospitals, care delivery models that use a different mix and quantity of healthcare professionals must be put in place. Supported by advanced analytics and statistical modeling, hospital leadership can demonstrate how fewer labor hours and lower total costs can deliver consistent and excellent clinical outcomes.
Multimodal Approach Saves MedStar Health $13M in 8 Years
Many hospital leaders focus on price negotiations with manufacturers to reduce pharmacy costs. However, pharmacists at one 10-hospital health system recognize the cost-saving benefits of engaging physicians, standardizing 340B program processes, and employing other strategies.
NewYork-Presbyterian Curbs Costs with a Structured Redesign Approach
By pairing project management professionals with operational leaders on key initiatives, the organization achieved $96 million in cost savings in 2017 while maintaining high-quality care.
hfm Magazine: August 2018
The August 2018 edition of hfm explores people and culture in healthcare finance, focusing on performance improvement, academic-community relationships, and care delivery.
Prospective Health Assessments and Best Practices for Risk and Quality
PHAs provide member insight that helps health plans bolster care management, integrate financial and clinical information, and improve care quality.
Disaster Preparedness Entails Advance Planning, Ability to Adjust
Health systems can prepare for large-scale disasters by installing a command system, drilling on procedures, partnering with community agencies, and being able to adjust on the fly.
Practical Physician Engagement Strategies for Value-Based Care (Part II)
Change management approaches can help health system leaders engage physicians in value-oriented efforts to reduce clinical variation.
Building Trust with Physicians During Times of Disruption
Changing the funds-flow model can disrupt age-old processes at an academic medical center. The CEO of a Wisconsin health system offers advice for physician leaders on how they can align physicians when altering the funds flow and making other cultural changes.
Revenue Cycle Strategist: July/August 2018 Issue
Subscribers can view the July/August 2018 issue of Revenue Cycle Strategist.
New Best Practices for Reporting Bad Debt
Credit reporting is becoming less effective as a result of new regulations and evolving hospital bad debt programs.