Costing Practices in Healthcare Organizations: A Look at Adoption of ABC
Three surveys, conducted over two decades, provide insight into healthcare organizations’ perspectives on activity-based costing (ABC) and larger industry trends regarding adoption of ABC.
Pharmacy Costs: Are You Paying for Value Yet?
Insurers are setting precedents for value-based payment for medications.
After a Healthcare Consolidation: A Checklist for Making It Work
To ensure a healthcare consolidation moves forward effectively after the deal is closed, the parties should employ a detailed checklist of points to address during this stage, including revisiting expectations and creating a road map for change.
Healthcare Executives Dissatisfied with Cost Transformation Progress
A Kaufman Hall survey found that 75 percent of healthcare executive respondents rate their cost transformation success as average to below average.
Hospitals Have Opportunity to Save $23B While Maintaining Quality
Hospitals could reduce their supply expenses by an average of 18 percent.
Video: How Business Offices Can Transmit Medical Records More Securely
Lula Jensen, former director of product management for MRO, discusses steps business offices can take to make the transmission of medical records more secure and to lower the risk of a breach.
Inflammatory Disease and Diabetes Treatment Top the List of Drug Spending Increases Through 2019
Increased utilization will drive a 10-13 percent increase in drug spending through 2019. The biggest increases will occur in drug spending for inflammatory diseases and diabetic treatment.
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.