Hospital Supply Chain Presents Prime Opportunity to Reduce Costs
A Main Line Health hospital executive describes how her health system focused on reducing variation to develop a sustainable model that addresses reduced payer payments and other stresses on revenue while maintaining high-quality patient care.
Henry Ford Health System Cuts Food Service Net Cost Per Patient Day
The health system achieved a 1-3 percent cost reduction by moving to self-operated services and streamlining vendors, while adding room service and healthier food options.
Cost Accounting Talent and Resources: The Missing Link to Support Cost Transformation
Cost accounting teams with the time and expertise to accurately and efficiently produce, interpret, and socialize data throughout hospitals and health systems is an investment with huge potential returns.
Community-Based Palliative Care Results in Positive Fiscal Impact for Providers and Payers
Community-based palliative care is a community-focused care management strategy that ideally reaches patients in the home, before their conditions seriously deteriorate. The result is care that creates better alignment with personal wishes and reduces economic burdens for all.
Carolinas Healthcare System Saved $1.5M Annually by Using Remote Interpreter Technology
The health system increased patient interpreter services from 370,211 minutes in 2015 to 915,466 in 2016, but still experienced a systemwide language access expense reduction of $203,360.
UI Health Cuts ED Homeless Patient Costs by 45 Percent
The Illinois public hospital pays $1,000 per patient per month to an outside agency to house 27 homeless patients in furnished, one-bedroom apartments. This investment is significantly less than the nearly $3,000 per patient per day that UI Health and managed care organizations were spending on some chronically homeless patients.
Reflections on the True Spirit of the Holidays
HFMA President and CEO Joe Fifer sets forth three challenges to healthcare leaders who want to ensure that their work makes a difference in people’s lives.
Health Care Needs Innovative Collaboration
Healthcare finance professionals should be passionate, purposeful, and innovative in collaborating with others to help address the financial hardships patients face from serious illness and the underlying total cost of care.
New Directions in Healthcare Innovation
James H. Landman reflects on HFMA’s 11th annual Thought Leadership Retreat.
Implementation of ICD-10 Coding Correlates With Increased Charges
An analysis of data from 2015, the year of the transition from ICD-9 to ICD-10, found that the average charge per inpatient discharge increased following implementation of ICD-10.