Healthcare Finance Literacy: a New Workforce Competency
Given that finance is integral to every decision that is made in healthcare organizations today, everyone on the team should have a basic understanding of healthcare finance.
Another Innovative Strategy: Create Your Own Drug Company
The primary goal of Intermountain Healthcare’s not-for-profit generic drug company is to help patients by eliminating drug shortages.
Level of Costing Detail in Aurora’s System
Aurora Health Care developed detailed categories for its cost accounting initiative by considering the future and estimating how health system leaders would want to use the data in the future.
How Innovation Can Start with Value Analysis … But Often Doesn’t
Value analysis committee ROI calculations must look beyond the immediate economic costs of payment, cost-per-procedure, and cost of labor to consider overall value to hospitals. For example, questions to ask include, “How does a new product help to reduce the overall cost of care?” and “Are there complications and readmissions that typically arise beyond 30 days that the new product aims to minimize?”
Overcoming Missed Opportunities with Forward-Thinking VACs
VACs can be influential forces in infusing greater quality and cost controls over departmental purchases.
Revenue Cycle Strategist: April 2018 Issue
Subscribers can view the April 2018 issue of Revenue Cycle Strategist.
Healthcare Cost Containment: April 2018
Subscribers can access the April 2018 issue of Healthcare Cost Containment.
Outpatient Coding Conundrums
When the codes on claims submitted by surgeons and outpatient surgery centers are not in agreement, one or both claims may be denied.
Taking Steps Toward Improved Customer Experience
The study reveals that patients feel as obligated to pay their healthcare providers as they do other professional services; however, their understanding of what they owe, when they owe it, and their options to pay are far less clear.
Medicaid Waivers: Work Requirements Are Not the Only Changes Coming
Work requirements present unknown changes and impacts, but the impact may not be as big as some assume. However, what providers and recipients need to consider are the other and seemingly less significant changes that will intensify the overall impact of an 1115 Medicaid demonstration waiver.