Health Care’s First Cost Accounting Adoption Model Is Now Available
Feb. 11—Amid an industrywide effort to better identify and reduce the cost of care, the HFMA-Strata L7 Cost Accounting Adoption Model, known as the L7 Model, was introduced this week.
Feb 11-15: Transparency Push Challenges Hospitals
Feb. 7—As hospitals work to meet increasing federal price transparency requirements, a senior Trump administration official said they need to move beyond those requirements.
Health Plan, Practices Focus on Care Overuse
Jan. 25—Although cost and quality are common features of value-based payment, a less common component is ensuring the provision of appropriate care.
CAHs and Cost Reports
A critical access hospital’s cost of delivering care to Medicare patients is estimated using the cost accounting data that these Medicare-certified institutions submit annually to CMS via Medicare cost reports.
Engaging Physicians in Value-Based Compensation Models
The University of Maryland St. Joseph Medical Center model layers a 50/50 share of any incentive payments on top of a work RVU-based component to account for revenue that is still generated by the number of patients that providers see.
The Use of ABC for Indirect Expenses
There is a potential connection between the use of the idea of activities with respect to patient-level costing to activity-based costing (ABC) and its variant time-driven activity-based costing (TDABC).
Patient-Level Costing and Profitability: Making It Work
Healthcare providers can use patient-level costing to obtain accurate costing information.
2019 Bipartisan Pushes Expected on Transparency, Surprise Billing
Dec. 20—The newly divided Congress is expected to agree on little about healthcare policy, with the likely exceptions of legislation to require greater transparency and to address surprise bills, according to a legislative tracking firm.
Healthcare Cost Containment: December 2018
Subscribers can access the December 2018 issue of Healthcare Cost Containment.
Pressure Ulcer Prevention Can Save Costs
Pressure ulcer treatment can be as high as $150,000 and can add approximately $40,000 to a hospital stay.