Hidden Costs of Duplicate Patient Records
Accurate patient data is more important than ever as value-based payment models take hold. An enterprise-wide database is one solution to avoid duplicate patient records that negatively affect productivity and costs.
Leading Hospitals Turn to Advanced Strategies for Pharmacy Savings
Organizations like Froedtert Health and Intermountain Healthcare are working on both internal and collaborative strategies to reduce pharmacy costs and improve clinical care.
The Future of the Hospital
Reduced utilization of hospitals has many calling their future usefulness into question.
Undoing Siloes to Improve the Patient Experience
A health system has improved the patient experience with a variety of new processes and protocols, including the introduction of a new patient access center and tutoring by physician coaches.
What Do Finance Leaders Have to Do With High-Reliability Patient Care?
John Johnston describes the role of the finance leader in developing a culture of proactively mitigating failures.
MaineHealth Achieves Supply Chain Collaboration Among Member Hospitals
By identifying key supply chain opportunities and process flow issues that needed correction, MaineHealth saved approximately $16 million in 2015, the first year of its overhaul; $27 million in 2016; and more than $34 million in 2017.
Working Smarter: Using Control Charts to Tackle the High Cost of Clinical Variation
Consistent, accurate, and timely clinical reporting has the power to prompt care teams to adhere to clinical protocols and be mindful of how they stack up against peers and national benchmarks.
How Cleveland Clinic Saved Millions Through Smarter Energy Use
The Office for a Healthy Environment at Cleveland Clinic has launched several initiatives to manage its heating, ventilation, and air conditioning costs, which can drain the energy budget. For example, using setbacks to lower the thermostat just two degrees saves $600,000 a year.
The (Non-financial) Benefits of Reducing Unnecessary Lab Testing
Quality improvement projects that focus on more efficient management of resources may improve patient satisfaction and result in modest cost savings.
The Strategic Value of Value
Local solutions that deliver high value care and create healthier populations are helping hospitals and health systems balance volume versus value challenges.