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Speakers

Dan Michelson
CEO
Strata Decision Technology

Liz Kirk
Vice President of Cost Management Solutions
Strata Decision Technology

Larry Hill
Vice President, Finance
Mission Member Hospitals

Tushar Pandey
Director of Consulting Services, Decision Support
Strata Decision Technology

Summary

As the market begins to shift from the traditional revenue cycle management approach of growing the top line to a margin and the outcome management approach of managing and improving the bottom line, it becomes increasingly important for healthcare organizations to understand and drive out cost.

Understanding the true cost of care allows provider organizations to not only identify cost-reduction opportunities, but also understand margins when negotiating bundled contracts. With narrower margins, advanced cost accounting tools have become necessary to drive margin and support an organization's mission.

This webinar highlights industry trends in cost and shares the key questions organizations need to ask themselves during these challenging times. This webinar also addresses the strategic implications for providers who do not have the much-needed cost data liquidity required to survive and thrive in today's healthcare industry.

After This Webinar You'll Be Able To: 

  • Discuss the key market factors driving hospitals and health systems to shift toward advanced cost accounting.
  • Differentiate between margin and outcome management and revenue cycle management.
  • Understand approaches that industry leaders take to bend the cost curve.
  • Understand the importance of knowing true costs and margins for episodes of care, service lines, and populations. 

Tools & Takeaways 

  • 10-point checklist for maximizing your cost accounting tools and processes
  • Quick-start guide for better leveraging your cost data 

Recommended For:

CFOs, vice presidents of finance, directors of finance, directors of decision support, and controllers

Field of Study: Specialized Knowledge and Applications
Delivery Method: Group Internet
Level: Basic
Prerequisites: None
Prework: None

Pricing

HFMA members: Free
Non-members: $99

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Note: This on-demand webinar is available until June 18, 2015.