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Cover Story

Achieving the Value Proposition

By Karen Wagner

Research on the value performance of hospitals nationwide demonstrates that hospitals can achieve lower costs concurrently with higher quality.

Outsourcing

Knowing When to Outsource: How to Make Purchased Services Work for You

By Annette Hastings

Purchased services represent a significant expenditure for hospitals, with great potential for economizing. Despite making up 30 percent to 40 percent of total nonlabor spend, this area is sometimes overlooked as a cost-cutting opportunity.

Cost Accounting

How to Make Cost Accounting a Strategic Function

By Jay Spence

High-performing organizations are leveraging new technologies and implementing efficient and repeatable processes that can balance accuracy with efficiency so cost accounting information is more timely and accurate.

Web Extra

Sample Management Report: Key Performance Indicators by Service Line

This sample report offers a comprehensive view of volume, cost, and profitability trends across service lines.

Figures at a Glance

Which Hospitals Are Cutting Costs? And Where Are They Doing It?

Among the 10 percent of hospitals that cut costs aggressively from 2009 to 2011, almost half of the cost decreases came from four service lines.

Improving Value

The Path to Sustainable Cost Management: Addressing Tough Questions

By Brian Channon

Hospital and health system leaders should tackle challenging issues up front to clearly define cost reduction goals and achieve optimal results.

Process at a Glance

Internal Benchmarking: Dos and Don’ts

By Jessica Nantz

Abiding by key dos and don’ts will position an organization to maximize the benefit of its internal benchmarking efforts.

Publication Date: Thursday, April 04, 2013