3 Keys to Defending a Healthcare Organization’s Margins
As the healthcare industry transitions from volume-based to value-based payment, healthcare organizations must establish priorities and prepare to assume risk in select areas of focus. To do this, providers must develop an understanding of the precise costs for individual encounters, procedures, and episodes of care, and hone in on specific cost drivers.
Optimizing Care Delivery Through Perioperative Value-Based Care
A focus on value during perioperative care can result in better financial and clinical performance.
The Golden Hour for Member Engagement: Onboarding and Pre-Boarding for Lower Costs and Improved Healthcare Consumer Experience
Cynthia Nustad describes how commercial health plans can improve consumer communication.
It’s All Connected: Tackling a Newly Recognized Health Issue
HFMA President and CEO Joseph J. Fifer explains why traditional healthcare stakeholders are going beyond conventional boundaries to address a different kind of health issue—loneliness.
How Companies Can Reap the Benefits of Diversity and Inclusion
Workplace initiatives to enhance workforce diversity and inclusiveness give companies a competitive advantage, says D&I expert Kim Drumgo.
A Comprehensive Approach to Engaging Physicians
Giving physician leaders better tools to conduct annual performance reviews has helped one Canadian hospital provide more meaningful feedback to physicians and improved engagement. More engaged physicians have helped the organization raise its patient satisfaction scores.
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.