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.
A Growing Health System Contains Costs Through Outsourcing
Methodist Health System wanted to manage and maintain its facilities more efficiently after more than a decade of expansion. Improved contracting practices saved $250,000 in the first several months.
Your Health System Is Ready for the Future—But Is Your Leadership Structure?
John Johnston and Vincent Joseph explain that even as revenue and volume continue to move into nonhospital entities, leaders must be held accountable for the performance of their own individual business units or regions, as well as for systemwide results.
Employer Plan Deductibles Increase by 11 Percent: Survey
Oct. 8—In 2018, the share of workers enrolled in high-deductible health plans (HDHPs) resumed increasing, and deductibles among all workers increased by an average of 11 percent from the year before, according to a national survey.
The Conscience of the Generic Drug Market
Created to address the high costs and shortages of generic medications, the not-for-profit generic drug manufacturer Civica Rx aims to be a societal asset by providing patients across the nation with affordable access to the medications they need.
Launching Revenue Integrity Programs in Hospital-Owned Practices
University of Maryland St. Joseph Medical Center’s revenue integrity program ensures a formal process to perform regular audits and educate physicians and their staff about compliance, and under-coding as well as over-coding.
An Ounce of Prevention: Intervention Engagement Strategies in Population Health Management
Pete Desai explains that as consumerism and value-based care collide, providers would be remiss to neglect the important role that preventive patient intervention programs can play in improving the health of patient populations.
Time to Reassess: Keeping Up with Changes to CJR Target Pricing
Performance improvement targets have shifted again in the Comprehensive Care for Joint Replacement (CJR) program. Darcie Hurteau explains why participants should reassess their program strategies in light of this change.
hfm Blog Archives: October-December 2018
Catch up on all of the hfm blog posts published between October and December 2018.
MA Plan Options Surge as Premiums Fall
Oct. 1—The number of available Medicare Advantage (MA) plans will increase by 19 percent in 2019, while average premiums will decline by 6 percent, according to new federal data.