Why a more modern cost accounting approach in healthcare is needed post-COVID-19
A recent survey by HFMA and Strata Decision Technology found that, although 85% of health systems and 57% of hospitals and medical centers havecost accounting systems, most are not fully adept in using cost data to reduce total cost of care.
Yes Virginia, there is a cost shift: Hospitals with higher occupancy rates due to COVID-19 provide more evidence
HFMA's Chad Mulvany says that even though the COVID-19 pandemic is a unique circumstance, emerging margin data from hospitals in the Northeast provide additional evidence in support of the cost shift.
UNC Health: Dementia-friendly care boosts quality, improves the patient experience
UNC Health is training nearly 4,000 clinicians and staff to deliver “dementia friendly” care. Training involves computer-based educational modules, moderated discussions and role-playing.
Hospitals need engaged physicians to manage supply preferences
Gainsharing and co-management are two strategies hospitals and health systems can employ to effectively engage physicians in organizational efforts to manage costs of physician preference items.
Federal government sending $64 billion this week to providers for coronavirus costs
Hospitals should receive $64 billion in federal grants and loans by the end of this week to help with coronavirus treatment and preparation costs.
Telehealth’s impact on clinic staffing models post-COVID-19
HFMA's Chad Mulvany predicts that if COVID-19 leads to widespread usage of telehealth, post-pandemic it will lead to a rethinking of primary care clinic footprints and staffing models.
Key challenges hospitals must address to improve supply chain team effectiveness
To improve cost performance around physician preference items, hospitals must address challenges posed by the sheer volume of supplies and cost transparency, among others.
How a physician scorecard helps a clinically integrated network drive value
Mary Washington Health Alliance uses a scorecard to rate participating physicians on activities that promote value.
Providence deploys technology, analytics in response to the coronavirus pandemic
In Washington state, one of the epicenters of the COVID-19 pandemic, Providence has enhanced its response by taking advantage of new technology.
Hospitals should increase capacity in response to the coronavirus, former HHS secretary says
Hospitals should prepare for an inpatient surge due to the novel coronavirus. Options include moving private rooms back to semiprivate status.