Healthcare Cost Containment: October 2018
Subscribers can access the October 2018 issue of Healthcare Cost Containment.
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.
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.
Using Business Intelligence to Succeed in Value-Based Care
Gain buy in for value-based care by picking a few key areas to cost and monitor. A few easy wins builds momentum and confidence across a healthcare organization.
Sept. 24-28: Hospitals Draw Federal Cost-Reduction Focus
Sept. 20—Congress plans to discuss ways to reduce healthcare costs with an executive from the nation’s largest hospital company next week. Looming in the background will be planned administration actions on provider spending.
Sept. 17-21: Transparency Garnering Increased Attention
Sept. 13—The Senate will undertake a review of price transparency in health care next week, shortly after hospital advocates urged caution in Medicare’s transparency push.
Repurposing TDABC: Case Examples from a New York Hospital
Time-driven activity-based costing principles provide an excellent basis for helping healthcare organizations identify opportunities for improving their operations.
5 DRGs Are Primary Contributors to Rising Average Loss per Medicare Hospital Admission
Among Medicare admissions in 2015 to 2017, costs per admission rose more rapidly than did payments, and the impact of this trend on hospitals’ financials strongest with admissions associated with 5 DRGs.
Administration Touts Some Drug Price Improvements
Aug. 20—One hundred days after the Trump administration’s release of a blueprint to cut drug costs and out-of-pocket expenses, administration officials touted some signs of progress.