Innovating to Improve Health Equity
Many Americans are unable to achieve their full health potential because of socioeconomic disparities, addiction, or even their address. To tackle these health inequities, health systems and health plans are testing innovative approaches that could bring financial benefits as well.
Total Joint Replacement Costs Decline
Value-based models such as bundled payment and accountable care organizations have bolstered reductions in total joint replacement costs.
After the Performance Improvement Initiative Ends: Sustaining Gains with Analysis
Southern Illinois Healthcare saved approximately $60 million in one year through improved denials management and billing protocols and reductions in clinical variability, supplies, and benefit costs.
Service Line Analytics: Sound Decision-Making Starts with Reliable Data
Healthcare organizations are recognizing that incorporating service line analytics into strategic activities enables better understanding of each area’s financial and operational impacts. In addition, service line analytics signal when real-time improvements are needed and drive more informed decision-making.
Cost Accounting Evolves as Provider Needs Change
Organizations can use their current data to understand what it truly costs to deliver healthcare services. Using existing data and automating the pull of that data also allows for less human intervention to maintain cost accounting models.
Avoiding Costly Mistakes When Purchasing Financial Software
By understanding what to include in their RFPs, finance leaders can make sure they select the best cost accounting, decision support, and business intelligence platforms.
June 11-15: HHS Secretary to Detail Drug Plan
June 7—Members of Congress next week will press the federal government’s healthcare leader on the Trump administration’s new initiative to control drug costs.
Innovating to Care for High-Need, High-Cost Patients
Providers and health plans need to broaden their views to find and implement approaches that deliver greater value to the patient while ensuring the financial sustainability of the system.
Purchased Services Contracting Do’s and Don’ts
Carefully worded language in purchased service contracts can help healthcare organizations enjoy good relationships with business partners.
Offshore Versus Domestic Outsourced Coding Services: A Comparative Assessment
Although offshore outsourced medical record coding services are widely believed to a cost-effective outsourcing option, a recent study identified concerns that healthcare providers considering this option should address before moving forward.