Using Artificial Intelligence to Reduce Long-Term Care Costs and Improve Patient Outcomes
A two-year study found that technological support for assisted living facility caregivers resulted in a 45 percent increase in patient aging in place, allowing for better quality of life for residents and cost savings of approximately $50,000 per patient per year.
Striving for Cost Optimization Instead of Cost Cutting
Cost optimization involves more than cutting a set percentage from the traditional targets, such as labor, real estate, or IT. Cost optimization is an enterprisewide effort, requiring leaders to reset their operational strategies and align with value-based payment models.
Benchmarking Helps OSF HealthCare Save $160M Annually
Spurred by a drop in operating income, OSF HealthCare embarked on a clinical and financial improvement initiative that has saved the organization $160 million each year.
Transforming Medical Practices: Benefits of a Patient-Centric Approach
A medical practice’s strategy for success in today’s consumer-centric healthcare environment should be focused on reducing waste and addressing patients’ chief concerns at every point of contact with the practice.
Connecting Clinical and Community Resources
In the era of population health management, healthcare organizations should address social determinants of health by implementing programs both within the organization and in collaboration with community partners.
Are you really reducing care variation costs?
John Johnston describes how a strategic approach to care variation can result in more significant cost savings.
How Telehealth Can Keep Care In-Network
Lee Horner explains how provider-to-provider communication using telehealth tools can help patients stay in-network.
Patient Accounting System Upgrade Offers Opportunity to Brush Up on Basics
Good work standards that lay out quality and quantity expectations have not become obsolete with increased automation; rather, they are as useful and necessary as ever for healthcare organizations and their revenue cycle staffs.
Benefits of Establishing Meaningful Work Standards for Revenue Cycle Staff
Good work standards that lay out quality and quantity expectations have not become obsolete with increased automation; rather, they are as useful and necessary as ever for healthcare organizations and their revenue cycle staffs.
Moving Toward a Revenue Ecosystem
To maximize results, healthcare finance leaders should establish an integrated view of the organization’s entire revenue ecosystem, aligning across organizational strategy, payer contracting, clinical operations, and revenue cycle drivers.