Pursuing an Integrated Approach to Pharmacy
This article looks at Premier’s work in helping health systems improve their pharmacy operations to be more integrated, cost-effective, and patient-focused.
Sustained Performance Improvement Requires Culture of Excellence
By using a systematic approach to build a culture of continuous improvement and implement Lean principles, health systems can dramatically boost operational performance in quality, safety, and other domains.
Enterprisewide Revenue Cycle Management Reduces Costs, Improves Patient Loyalty
Moving toward a holistic approach to revenue cycle management addresses increasing consumer demand for streamlined appointment scheduling, patient information sharing, and bill payment.
Revenue Cycle Departments Increase Productivity
A two-year rise in revenue cycle department productivity is attributed to outsourcing and staff ability to handle more claims in less time.
The Impact of Duplicate Patient Records on Revenue
Duplicate patient records have a negative impact on value-based payment strategies as well as staff productivity and patient satisfaction.
Using dashboards to improve productivity
Whether implementing dashboard software or developing dashboards manually, organizational culture, audience size, and customization are critical to success.
Another Innovative Strategy: Create Your Own Drug Company
The primary goal of Intermountain Healthcare’s not-for-profit generic drug company is to help patients by eliminating drug shortages.
Top 5 Factors Essential for Pharmacy Revenue Integrity
Maintaining pharmacy revenue integrity requires accurate, longitudinal data; physicians who understand how their prescribing decisions affect revenue integrity; and real-time data. With that information, finance leaders can determine the ROI of various drugs.
How Innovation Can Start with Value Analysis … But Often Doesn’t
Value analysis committee ROI calculations must look beyond the immediate economic costs of payment, cost-per-procedure, and cost of labor to consider overall value to hospitals. For example, questions to ask include, “How does a new product help to reduce the overall cost of care?” and “Are there complications and readmissions that typically arise beyond 30 days that the new product aims to minimize?”
Overcoming Missed Opportunities with Forward-Thinking VACs
VACs can be influential forces in infusing greater quality and cost controls over departmental purchases.