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Cover Story

Reducing Pharmacy Costs Through Improved Utilization

By Cinda Bates and Barton S. Richards

Trinity Regional Health System leveraged data from benchmarking analyses to save $1.9 million in 2012, or 14 percent of its pharmacy budget.

Web Extra

How Trinity Regional Worked with Suppliers to Reduce Pharmacy Costs

Trinity Regional Health System successfully managed contractual obligations at the systemwide level to achieve significant pharmacy cost savings.

Feature

Surgery Cost Control: Battling the Myth of the “Midas Touch”

By Richard Buchler

Hospitals can improve their financial performance in high-revenue surgical service lines by detecting and addressing supply cost problems. 

Efficiencies of Scale

Cost Benefits of a Centralized, In-House Clinical Engineering Program

By Karen Wagner

Catholic Health Initiatives took control of its clinical engineering costs by forming a systemwide department, saving $18 million in FY12.

Web Extra

How CHI Uses Benchmarks to Reduce Clinical Engineering Costs

Catholic Health Initiatives uses benchmarks to gauge the performance of its clinical engineering program, following through with monthly stewardship reports that document savings by technician.

Reducing Labor Expenses

Temporary Nurse Staffing: Taking a Closer Look

By Karen Wagner

By reassessing their approach to temporary nurse staffing, hospitals can gain flexibility and reduce costs.

Improving Value

Meeting the Challenge: Reducing Inappropriate Clinical Practice Variation

By Scott J. Cullen and Matthew J. Lambert III

Geographic variations in cost of care represent an enormous opportunity for reducing the overall cost of care; healthcare leaders need to think and act strategically about how to meet new quality and cost imperatives.

From the Headlines

Study Shows Healthcare Costs Higher for Physicians with Less Experience

A study of insurance claims for Massachusetts has found that less experienced physicians have higher overall costs of treatment than more experienced physicians.