Learning Lean Six Sigma Lingo: DMAIC
Six Sigma DMAIC processes and tools are designed to identify root causes and ensure the right solutions are being implemented.
Availability of Dental Insurance Can Reduce Hospital Costs
Average patient hospital costs rose by 20 percent for Medicaid patients after their dental coverage was trimmed to cover only emergency care.
Managing the Cost of Quality
Healthcare leaders need to provide relevant stakeholders organizationwide with transparency into quality-related costs to drive performance improvement progress. The right tools and processes make the needed visibility possible.
What Finance Leaders Should Know About Cybersecurity Risks
IT security breaches can be costly: The average cost of a breached medical record is $158. Fortunately, finance leaders can help IT security teams protect against these unforeseen costs.
UAB’s Patient Navigation Program Saves $19 Million Annually
UAB Health System used a novel care model to reduce hospitalizations, emergency department visits, and intensive care stays for patients with complex cancers.
Getting Lean
Piedmont Healthcare used a Lean Six Sigma process to reduce duplicative revenue cycle processes by 60 percent.
Using New Distribution Models to Prepare for Bundled Payment Models
Hospitals that want to reduce costs as part of their bundled payment strategy should consider sales representative relationship changes.
Children’s Hospital Uses EHR to Save $6 for Every $1 Invested
Nationwide Children’s Hospital piloted a continuous improvement program that reduced total inpatient days, admissions, and emergency department visits. A major success factor was the capture of specific data with every patient encounter, creating systematic opportunities to improve patient outcomes and deliver care more efficiently.
hfm Magazine: June 2017
hfm Magazine: June 2017
Video: Consciously Lowering the Cost of Care
Gordon T. Edwards, CFO for Marshfield Clinic Health System, discusses the high cost of hospital care and how Marshfield treats patients outside the hospital care setting at a lower cost.