SKU Optimization Initiatives Can Create Cost Savings in an Era of Value-Based Care
By assigning stock-keeping unit (SKU) information to equipment and supplies, hospitals can realize cost savings.
Improving CAH Medicare Part-A Payment Accuracy Using Bluetooth-based RTLS
A real-time location system (RTLS) provide critical access hospitals with an effective means for accurately tracking physician availability time for delivering emergency department services, thereby potentially increasing Medicare payments.
A CFO’s Guide to AI Strategy
As artificial intelligence is growing in popularity in the healthcare industry, hospitals and health systems are beginning to realize significant ROI from the technology.
Financing a Digital Transformation
To keep pace with the rapid proliferation of digital technologies in health care, healthcare organizations must develop a framework for identifying the best funding source for each element in their digital strategies.
HIPAA IT Predictions for 2019
Moazzam Adnan Raja describes new opportunities and challenges in health IT.
Thoughtful Assessment: A Critical Gap in Business Intelligence
Internal business intelligence is essential for healthcare decision making.
hfm Magazine: January 2019
Cover Story Psychology and Behavioral Change Theory as Applied to Changing Revenue Cycle Payment Models Healthcare providers should consider a retail-like payment experience for patients. By Rajesh Voddiraju Web Exclusives Using Ambulatory Pricing Strategically to Protect and Grow Market Share An increasing regulatory focus on price transparency also is an impetus for hospitals and health…
New Approaches and Technologies for Improving Cost Performance in Health Care
One health system tackled their readmissions problem by identifying reasons for overstays.
Mercy Saves Millions in the OR Through Standardization and Automation
Surgeons from Mercy’s 41 hospitals worked with perioperative directors to reduce costly physician preference items. The health system also used an inventory management system to improve charge capture and eliminate time-wasting manual processes. Overall, Mercy has cut its supply costs by $3.6 million in 12 months.
Mobile Medication Management Improves Performance
G. Cameron Deemer reviews the benefits of mobile medication management and electronic prescribing, including fewer errors, cost savings, increased patient safety, and support of prescription drug monitoring programs (PDMP).