Benchmarking Helps OSF HealthCare Save $160M Annually
Spurred by a drop in operating income, OSF HealthCare embarked on a clinical and financial improvement initiative that has saved the organization $160 million each year.
Modeling the Financial Benefits of a Physician Adviser Program
Elizabeth Lamkin and Larry Field, DO, describe how healthcare organizations can assess the efficacy of a physician adviser as part of strategic-planning efforts.
Assessing SNF Providers by Overall Quality Rating
An analysis of skilled nursing facilities looking at their CMS star ratings identified trends favorable to not-for-profit SNFs.
A Physician’s Guide to Financial Management Basics
Being able to analyze an income statement can help physician leaders identify what actions to take when variances occur. Similarly, knowing how to make a business case can help physician leaders secure staff or equipment they may need for a particular initiative.
10 States Far Exceed National Average for Average Charge per Medicare Admission
In U.S. 10 states, the average charge per admission far exceeds the same measure for any of the remaining states, significantly surpassing the national average for the measure.
4 Best Practices for Effective Post-Allocation Management
Thoughtful design and implementation of capital post-allocation management encourages project sponsors to meet the performance targets established in their business plans.
E&M coding levels for hospital EDs, 2013-15
Hospitals should analyze coding patterns in their use of E&M APC codes and compare them with national coding trends to understand the extent that their coding practices conform with industry norms.
Gauging the Financial Impact of MIPS
The financial impacts of MIPS scores can amount to millions of dollars per organization and will significantly grow over the next several years.
2 Ways to Achieve the Benefits of Rolling Forecasting
Rolling forecasting can be an effective approach for financial modeling and is flexible enough to meet varied organizational structures. It can help to increase accountability and encourage efficiency and other process improvements.
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.