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Attend this June 13 webinar to learn how to bring physician preference items under control and improve supply consumption.
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MAP App is a web-based application that helps organizations improve revenue cycle performance based on industry-standard metrics called MAP Keys.
Find suppliers and products in this comprehensive vendor directory for healthcare finance professionals.
Financial, clinical, and administrative leaders identify key strategies to drive healthcare value.
Improve your revenue cycle performance through standard metrics, peer comparison, and successful practices.
New HFMA research shows value-driving practices for specific hospital types.
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.
Don't wait until your equipment is on its last legs. A management plan can help your system avoid costly surprises.
There are several key factors a hospital should focus on when considering a co-management agreement.
The most effective physician compensation models are productivity-based, using work relative value units to measure productivity.
The Medicare cost report is a tool that can help you perform cost analyses and benchmark your organization against your competitors.
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.
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.
Although the current recession has hurt hospitals in a number of ways, their operating margins have been largely unaffected.
Process-based cost modeling can support accurate cost and resource modeling for service line planning at the process and the patient levels.
Learn why we’re wasting every other dollar we spend in health care.
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.
Learn strategies for helping physicians understand what is driving the bottom line.
Costing for physician practices presents unique challenges for hospital finance professionals.
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.
Equivalent patient units is a new measure of hospital volume that improves finance leaders’ ability to compare activity and costs—and identify savings potential.
A study of U.S. integrated delivery systems that used shared services centers found significant reductions in labor costs in key administrative areas.
Scripps Health shares five of the health system’s most successful strategies for reducing variation.
Hospitals can prepare for the challenges ahead and positon themselves for success by determining ways ot reduce their nonlabor expenses.
Hospitals should not wait for healthcare reform legislation to pass to begin serious work on cost management. They should begin that work now.
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
Many questions-and frustrations-arise when clinical and finance leaders try to determine how to count various types of staffing hours.
Hospitals can use their call centers to determine the success of marketing projects aimed at attracting patients to the organization.
Costly drug-eluting stents could dramatically alter projected demands for cardiac surgical services.
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.
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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