What’s in Your Pricing Policy?
A recent survey reports that the majority of hospitals have formal or consistent methods for setting prices, but transparency is often missing.
Using Data Analytics to Transform Healthcare Management and Reduce Clinical Variation
Hospitals and health systems have entered a new era in which data analytics will play an increasingly vital role in identifying opportunities for improved performance.
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.
Readmission Rates: Not a Sound Quality Reporting Indicator
Rose Rohloff describes how healthcare organizations must track the right data to determine whether reduced readmissions truly mean an increase in quality.
Measuring and Managing Patient Profitability
Activity-based costing helps providers achieve profitability by enabling them to trace the consumption of resource expense through activities performed to deliver healthcare services to patients.
Assessing the Impact of Medicaid Expansion
Medicaid expansion reduced the amount of hospital charity care in participating states, while charity care remained almost unchanged in non-participating states during the same time period.
RWJBarnabas Health Transforms Its Equipment Replacement and Service Strategy
New processes, coupled with decision-support software, have helped New Jersey’s largest health system save on equipment service and better plan for equipment replacement.
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.