A 5-step process to achieve and sustain physician preference item cost reduction
To identify and reduce the costs of physician preference items, hospitals and health systems should use a five-step process that begins with cleaning and organizing PPI cost and utilization data.
Elective surgery volume near normal in late July, analysis finds
Elective surgeries recovered in July following earlier state bans. However, a growing number of states are re-imposing bans amid a COVID-19 resurgence.
Beyond COVID-19: A guide to economic recovery for health system CFOs
As healthcare CFOs prepare fro the aftermath iof the COVID-19 pandemic, they should adopt a new mindset for addressing strategies around human capital, revenue recovery, cost reduction and capital investment.
5 high-leverage areas for improving medical group financial performance
By examining five high-leverage areas within medical group operations, health systems can identify improvement opportunities.
Sepsis poses a cost-containment challenge in the face of the COVID-19 pandemic
Sepsis is among the largest cost drivers for U.S. hospitals, and it contributes to higher costs of care for patients with COVID-19. Hospital finance leaders therefore should understand and focus on managing the cost impact of sepsis treatment on their organizations.
The journey back from COVID-19: COVID-19: A guide to economic recovery for health system CFOs
As healthcare CFOs prepare fro the aftermath iof the COVID-19 pandemic, they should adopt a new mindset for addressing strategies around human capital, revenue recovery, cost reduction and capital investment.
Virginia Mason Institute transformation expert says healthcare systems can reduce waste and improve their margins
Virginia Mason Institute’s Rhonda Stewart shares how healthcare systems can reduce costs and improve patient and worker metrics by eliminating waste.
Medicaid provider rate cuts forecast as states anticipate budget shortfalls
Because the CARES Act prohibits states that received increased funding from cutting benefits, increasing premiums or restricting eligibility, one of the few available options to reduce costs is making provider rate cuts.
New rule aims to sustain Medicare ACOs in wake of COVID-19
A new Medicare rule aims to ease the financial challenges COVID-19 has created for accountable care organizations.
Health systems may require a smaller real estate footprint post-pandemic
Although there's an opportunity to reduce facility costs and generate revenue by selling idle real estate as a result of telework and virtual care delivery post-pandemic, the transition to virtual visits may have a negative impact on provider revenue that exceeds the savings.