Costing/Managerial Accounting

5 Things You Should Know About Co-Management Arrangements

Co-management agreements offer hospitals a means to focus compensation of physicians more on the quality of care they deliver than on the volume of services.
Bottom-Line Booster: Extending Medical Equipment Life Without Compromising Care

Don't wait until your equipment is on its last legs. A management plan can help your system avoid costly surprises.
A Brief History of Co-Management Arrangements

There are several key factors a hospital should focus on when considering a co-management agreement.
Physician Compensation: 5 Mistakes, 1 Solution

The most effective physician compensation models are productivity-based, using work relative value units to measure productivity.
Using the Medicare Cost Report to Improve Financial Performance

The Medicare cost report is a tool that can help you perform cost analyses and benchmark your organization against your competitors.
Cost Reduction: Identifying the Opportunities

A detailed charge code analysis can be a powerful tool for identifying specific areas for cost reduction, which can lead to large and sustainable improvements.
The Fixed-Cost Dilemma: What Counts When Counting Cost-Reduction Efforts?

Due to high fixed costs, hospitals can capture few variable costs using incremental cost reduction strategies. Instead, they should consider reducing capacity and optimizing use of remaining capacity.
Hospitals Sustaining Margins by Keeping Expenses in Line with Revenues

Although the current recession has hurt hospitals in a number of ways, their operating margins have been largely unaffected.
Effective Cost Modeling for Service Line Planning

Process-based cost modeling can support accurate cost and resource modeling for service line planning at the process and the patient levels.
Driving Out Waste in Health Care

Learn why we’re wasting every other dollar we spend in health care.
Engaging Patients to Improve the Healthcare Experience

Involving patients and family members in clinical and administrative improvement initiatives can not only provide patients with a better healthcare experience, but also enhance healthcare organizations' overall performance.
5 Ways to Teach Physicians About Financial Management

Learn strategies for helping physicians understand what is driving the bottom line.
5 Ways to Better Understand Costing for Physician Practices

Costing for physician practices presents unique challenges for hospital finance professionals.
Managing Margins Through Physician Engagement

The realities of healthcare reform are driving hospitals and physicians to recognize margin management as a key component in securing a financially viable healthcare delivery system for the 21st century.
A Better Way to Measure Volume - and Benchmark Costs

Equivalent patient units is a new measure of hospital volume that improves finance leaders’ ability to compare activity and costs—and identify savings potential.
Shared Services Centers Can Drive Significant Savings

A study of U.S. integrated delivery systems that used shared services centers found significant reductions in labor costs in key administrative areas.
5 Ways to Reduce Variation

Scripps Health shares five of the health system’s most successful strategies for reducing variation.
Next-Generation Cost Management

Hospitals can prepare for the challenges ahead and positon themselves for success by determining ways ot reduce their nonlabor expenses.
Taking Cost Management to the Next Level

Hospitals should not wait for healthcare reform legislation to pass to begin serious work on cost management. They should begin that work now.
Shorter LOS? Consider the Revenue Impact

By Kyle Herbert, MBA, CMA, CHFP The LOS statistic is defined as total patient days divided by inpatient cases, and it is a significant driver of hospital net income. In fact, many financial personnel consider it to be the
Standardizing Indirect Staffing Hours

Many questions-and frustrations-arise when clinical and finance leaders try to determine how to count various types of staffing hours.
Capturing Your Marketing ROI

Hospitals can use their call centers to determine the success of marketing projects aimed at attracting patients to the organization.
Could Your Financial Health Be Heading for Heartbreak?

Costly drug-eluting stents could dramatically alter projected demands for cardiac surgical services.
hfm Toolbox: Procedure Costing Flexibility

Most modern costing systems use the relative value unit procedure costing method. However, a sometimes overlooked and often underused attribute of the RVU method is its flexibility.
Detecting Product Equivalency to Drive Lower Physician Preference Items

This webinar explores the benefits of how multiple match methodologies can support comprehensive attribute alignment to help organizations better direct product sourcing and support standardization efforts with clinicians.

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Costing/Managerial Accounting

5 Things You Should Know About Co-Management Arrangements

Bottom-Line Booster: Extending Medical Equipment Life Without Compromising Care

A Brief History of Co-Management Arrangements

Physician Compensation: 5 Mistakes, 1 Solution

Using the Medicare Cost Report to Improve Financial Performance

Cost Reduction: Identifying the Opportunities

The Fixed-Cost Dilemma: What Counts When Counting Cost-Reduction Efforts?

Hospitals Sustaining Margins by Keeping Expenses in Line with Revenues

Effective Cost Modeling for Service Line Planning

Driving Out Waste in Health Care

Engaging Patients to Improve the Healthcare Experience

5 Ways to Teach Physicians About Financial Management

5 Ways to Better Understand Costing for Physician Practices

Managing Margins Through Physician Engagement

A Better Way to Measure Volume - and Benchmark Costs

Shared Services Centers Can Drive Significant Savings

5 Ways to Reduce Variation

Next-Generation Cost Management

Taking Cost Management to the Next Level

Shorter LOS? Consider the Revenue Impact

Standardizing Indirect Staffing Hours

Capturing Your Marketing ROI

Could Your Financial Health Be Heading for Heartbreak?

hfm Toolbox: Procedure Costing Flexibility

Detecting Product Equivalency to Drive Lower Physician Preference Items

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