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Speakers

Chad Porter
Director of Decision Support
LifePoint Hospitals

Jay Spence
Vice President of Healthcare Solutions
Axiom EPM

Summary

Delivering accurate volume, cost, and profitability reporting across clinical service lines can drastically improve long-range strategic planning and short-term tactical planning. LifePoint Hospitals wanted to know which service lines to grow and expand and where there was opportunity for operational changes or process improvement to drive hard-dollar savings. However, LifePoint lacked accurate, reliable patient-level and service line-based cost and profitability analytics. During this webinar, LifePoint’s finance team shows you how they transformed their cost-accounting process to improve the accuracy and delivery of service line performance reporting across their 50-hospital health system to drive business-critical decisions.

After This Webinar You'll Be Able To:

  • Identify obstacles to achieving service line-based costing.
  • Apply strategies to transform cost accounting from department to service-line level.
  • Make better business decisions to drive service-line expansion or cost savings using analytics.

Tools & Takeaways

  • Five strategies for effective cost accounting
  • Examples of audit reports and data templates used in service line-based costing

Recommended For:    

CFOs, finance executives and directors, accounting directors, and decision support staff responsible for financial and operational performance

Field of Study:

Specialized Knowledge and Applications

Delivery Method:

Group Internet

Level:

Intermediate

Prerequisites:

Familiarity with hospital cost accounting and service line concepts

Pricing

HFMA members: Free
Non-members: $99

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Note: This on-demand webinar is available until June 19, 2014.