Healthcare Cost Containment: June 2018
Subscribers can access the June 2018 issue of Healthcare Cost Containment.
Total Joint Replacement Costs Decline
Value-based models such as bundled payment and accountable care organizations have bolstered reductions in total joint replacement costs.
After the Performance Improvement Initiative Ends: Sustaining Gains with Analysis
Southern Illinois Healthcare saved approximately $60 million in one year through improved denials management and billing protocols and reductions in clinical variability, supplies, and benefit costs.
Service Line Analytics: Sound Decision-Making Starts with Reliable Data
Healthcare organizations are recognizing that incorporating service line analytics into strategic activities enables better understanding of each area’s financial and operational impacts. In addition, service line analytics signal when real-time improvements are needed and drive more informed decision-making.
Cost Accounting Evolves as Provider Needs Change
Organizations can use their current data to understand what it truly costs to deliver healthcare services. Using existing data and automating the pull of that data also allows for less human intervention to maintain cost accounting models.
Avoiding Costly Mistakes When Purchasing Financial Software
By understanding what to include in their RFPs, finance leaders can make sure they select the best cost accounting, decision support, and business intelligence platforms.
Video: The Evolution of Payment Models
François de Brantes, former vice president and director for the Altarum Payment Institute, discusses payment models.
hfm Magazine: June 2018
The June 2018 edition of hfm explores people and culture in healthcare finance, focusing on performance improvement, academic-community relationships, and care delivery.
Impact of the ACA on Hospital Admissions, by Primary Payer Type
From 2013 to 2015, the percentages of admissions by primary payer type (e.g., Medicare, commercial, self-pay) shifted, with notable increases in admissions covered by commercial insurers and charities.
Speeding Up Innovation to Keep Pace With Evolving Demands
In adapting to new payment and care delivery models, healthcare organizations are finding that innovative approaches are more vital than ever. The first step is to identify and address barriers to innovation.