How healthcare finance leaders can coach operational leaders for better performance
Finance leaders increasingly have responsibility for supervising operational leaders within their organizations, and best practices in coaching can help them provide valuable guidance.
How pharmacists can play a role in curtailing the rising cost of drug therapy
Evidence shows improved collaboration between clinical pharmacists and prescribing physicians can help mitigate problems with selection, adherence and overutilization of pharmaceuticals, which cost the nation hundreds of billions of dollars each year.
IMPACT: The qualities required to promote engagement in change initiatives in any organization
Philadelphia-based Main Line Health attributes the success of its Performance Excellence 2020 initiative in large part to the conceptual framework it used to design and implement the initiative.
Why reining in wasteful healthcare spending requires more than just reducing costs
To rein in expenses and improve margins, finance leaders must dive into drivers of waste and low profitability.
Novant Health: Shared reading program is a novel way to influence culture
Novant Health in North Carolina uses a shared reading program to engage team members, with books chosen to support either a system initiative or personal development.
Analytics help create an integrated health system
For health systems that have gone through a period of growth, strong strategic financial planning, enhanced service line analytics, appropriate benchmarking, standardized costing practices, and rolling forecasting can help realize the efficiencies of scale that growth provides.
Transforming healthcare through better resource management
A transformative software company discusses how its enterprise resource planning (ERP) solution helps healthcare organizations become more agile, sustainable and consumer-oriented by integrating and strengthening financial, human resource and supply chain functions.
Health system obstacles can prevent the elimination of low-value services
Health system processes — not just physician practice patterns — can create obstacles to eliminating low-value care, value-based payment advocates have found.
Health plans expect to offer generic drugs by 2022
A health plan alliance with hospitals aims to produce generic drug alternatives that will save consumers “hundreds of millions” of dollars.
HFMA announces new event aimed at healthcare financial sustainability
HFMA announces the Financial Sustainability Summit, a national conference for healthcare executives designed to help the address the most pressing challenges facing health systems today.