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.
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.
New Approaches for Improving the Cost of Care
Data provided by internal and external sources can give healthcare providers valuable insight into areas for cost improvement.
What’s Driving Increased Hospital Cost Concerns?
Cost control eclipsed revenue growth as the top priority among health system CEOs, according to Advisory Board’s Annual Health Care CEO Survey.
4 Ways Real Estate Strategy Curbs Costs and Supports Care
By perfecting the “puzzle” of care settings and reaching more patients more effectively, health systems can make invaluable headway in their critical goals of reducing fixed and operating costs.
Decline in Hospital-Acquired Conditions Saves Almost $3B
AHRQ reports that hospital-acquired conditions fell by 350,000 between 2014 and 2016. With an adverse drug event costing a hospital anywhere from $1,200 to $9,000 and a catheter-associated urinary tract infection costing between $5,000 and almost $30,000, this reduction is a positive indicator for reducing health costs.
What’s Driving Increased Hospital Cost Concerns?
July 13—The case for greater cost control at hospitals received its latest boost from a recent national survey of hospital executives. The growing urgency comes amid shrinking margins and cash flow.
June 25-29: Congress to Focus on Healthcare Costs
June 21—A Senate committee next week plans the first in a series of hearings focused on ways to reduce healthcare costs.
June 18-22: Congress to Review 340B Oversight
June 14—Members of a congressional panel will dive into ways to change the regulatory oversight of a major discount drug program, including steps that could have big hospital impacts.
Total Joint Replacement Costs Decline
Value-based models such as bundled payment and accountable care organizations have bolstered reductions in total joint replacement costs.