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.
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.
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.
Assessing the Value of Care
A healthcare finance leader, clinical leader, and health plan executive discuss best practices for assessing the value of healthcare drugs and services.
Employee Wages and Rising Drug Equipment Prices Present Cost Challenges
Wages and benefits account for almost 60 percent of inpatient hospital costs, reflecting the importance of people in the care process.
Cleveland Clinic Saves $22M in Pharmacy Costs by Developing Dashboard Tool
Cleveland Clinic’s 2016 prescription drug savings resulted from smarter pharmacy sourcing, thanks in part to new technology developed in-house and greater visibility into drug price changes.
Incremental Healthcare Reform: A Focus on Cost
Olakunle Olaniyan discusses the opportunity to lower the cost of care and help people stay insured.
Reducing Hospital Acquired Conditions Saved $28B in 5 Years
Government estimates show a 21 percent decrease in hospital-acquired conditions during a five-year period.
Augusta University Health System Leverages Decision Support for Costing and Planning
By integrating case cost data with financial data in their decision support system, the health system can now gain a clear picture of the true cost of a single patient case.
Managed Care Ask the Expert Answer – Medical Cost Trends
Q I have a question that I am hoping you can answer. What is medical cost trends for the private sector in 2010? I know that the Costs were expected to grow 9.6% in 2009 compared with 9.9% in 2008.