Allocating capital to medical technology in the age of value-based payment
As value-based payment and risk-bearing contracts become more prevalent, hospital leaders will be incentivized to incorporate methods that provide increased transparency and evidence into whether a technology improves patient outcomes at the lowest possible cost of care.
Addressing the largest area of healthcare waste requires plans and providers to collaborate
Plans and providers should work together to systematically catalog the biggest administrative complexities responsible for unnecessary healthcare spending and develop a standardized approach to reduce or eliminate them.
Marcus Whitney on the First Steps Toward Innovation
Health:Further's Marcus Whitney talks about the importance of narrative in innovation and why everyone should have a seat at the table. HFMA's Chair, Mike Allen, whose theme is Dare You to Move, interviews G Shah of sponsor organization Change Healthcare about how his company is daring to move the industry forward. Finally, sponsor CareCredit shares five ways to measure the patient financial experience.
Healthcare Cost Containment: October 2019
The October issue features articles on addressing the SDOH impact on readmissions, valuating the cost benefit of medical technology, reducing healthcare-associated infections and assessing clinical costs.
Understanding physician costs is the first step in clinical cost transformation
Costs associated with the physician enterprise are a significant driver of patient care costs and service line profitability. Health systems’ need for accurate and trusted physician cost data has only intensified.
Healthcare Cost Containment: August 2019
Read the contents of the August issue of HFMA’s Healthcare Cost Containment newsletter. Access a PDF of the issue. Care process redesign Why behavioral health should be part of a holistic healthcare approach Jeremiah Reuter The dual risk of physician and mental health conditions often compound the cost of care. In fact, people with a…
Care coordination can reduce $89 billion behavioral health cost impact
Lack of access to mental health services results in patients with psychiatric service needs relying on ED visits, which can range from $1,198 to $2,264.
5 guidelines for controlling contracted dining service costs while maintaining quality
Keeping an eye on labor costs, contractual concessions and diner reviews allows hospitals and health systems to offer high-quality patient, visitor and staff experience at efficient pricing.
Don’t let infections hurt your bottom line
Finance leaders can ensure their organizations have the appropriate resources to combat healthcare-associated infections, said Susan Bleasdale, MD, of UI Health.
SDOH initiative reduces readmission penalties in one year
One major factor in McLaren Port Huron’s readmission rate reduction is the organization’s emphasis on identifying and addressing patient social determinants of health. The focus is on educating patients and involving them in their healthcare plan.