Healthcare Cost Containment: April 2014
Strategies for Creating an Agile Cost-Accounting Model
By Jay Spence
Building an effective costing model that reflects financial and clinical realities requires buy-in and collaboration.
How Beaufort Memorial Improved LOS and Reduced Costs by $480,000
By Karen Wagner
New patient flow software was only part of the solution to improving patient throughput at an independent, acute care hospital. The real catalyst—and underlying challenge—was changing employee attitudes and work habits.
Physician Recruitment by the Numbers: The Hard and Hidden Costs
By Tony Stajduhar
New recruiting approaches can shorten searches, contain costs, and ensure longer-lasting matches for hospitals and health systems.
Using Financial Planning to Build and Test a Performance-Based Strategic Portfolio
By Brian Kelly & Jason Sussman
The financial planning process provides healthcare organizations a solid structure for evaluating potential cost-reduction initiatives and identifying the best portfolio of strategies for long-term success.
View an example of a summary (in credit profile format) of one organization’s consolidated outlook with its preferred strategic portfolio.
Figures at a Glance
Where the Waste Is
Waste accounted for approximately 22 percent to 32 percent of the $2.7 trillion spent on health care in the United States in 2011, according to Truven Health Analytics
Publication Date: Monday, April 07, 2014