Operationalizing Predictive Analytics to Guide Healthcare Business Decisions
Providers and health plans are turning to predictive analytics as a tool for identifying actionable insights that can be used to control costs and improve outcomes.
Systemness as a Lever for Greater Health System Resilience
Systemness, or operating in a way that enables the system to create more value than the sum of its parts, enhances an organization’s business resilience. The most important manifestations of systemness are patient access and provider network management.
Proposed Regulatory Relief Saves $1.1 Billion for Providers
A proposal to eliminate required outpatient medical histories and physicals could reduce costs for healthcare providers by $454 annually.
Key Factors in Cath Lab Financial Performance
The average cath lab program generates a negative profit margin on Medicare patients, and that population is growing. Analyzing cath lab care pathway design can help hospital leaders bend the cost curve back to operating profitability.
Cost Accounting: Bridging the Gap Between Where You Are and Where You Should Be
By creating a single source of truth, MultiCare aims to have coordinated oversight of all data, including security and design, and provide a consistent training curriculum for its finance team.
A Growing Health System Contains Costs Through Outsourcing
Methodist Health System wanted to manage and maintain its facilities more efficiently after more than a decade of expansion. Improved contracting practices saved $250,000 in the first several months.
Regional Hospital’s Focus on Rapid Results Reaps $6M in Savings
Henry Ford West Bloomfield uses 100-day productivity cycles to improve operations and reduce waste. Over a three-year period, the hospital saved $8.7 million contributing to a financial performance turnaround.
Outsourced Revenue Cycle Operations Experience Higher Denial Rates
Outsourced revenue cycle operations have lower performance on denial rates but other factors may still make outsourcing a viable option.
Using Seventh Characters
What are the key factors to consider when training coders on seventh characters?
4 Digital Principles Help Patients Understand Financial Responsibility
Providers can embrace the best practices and tools from the digital world to help consumers better understand and navigate their payment experience.