This Audio Webcast is FREE for HFMA Forum Members.
Date and Time
May 19, 2008, 2:00 – 3:00 pm Central
You Will Learn
- The cost of inefficiencies to the total health system and drivers of wasteful spending in three key areas: clinical, operational and behavioral
- The three leading areas of wasted spending
- Consumer perceptions of the healthcare industry’s efforts to eliminate waste
- Key barriers to improving efficiency in healthcare spending
Audio Webcast Summary
In an increasingly global economy, the efficiency of the U.S. health system ranks poorly. The U.S. spends nearly twice as much per-capita on healthcare than other industrialized nations without a corresponding gain in outcomes, according to the Organization for Economic Co-operation and Development (OECD).
Waste in healthcare spending is widely recognized as a major problem facing the industry. Yet ferreting out waste is controversial, since waste reductions in one area frequently lead to more waste in another. Tradeoffs between competing demands and conflicting values frequently make efforts to improve efficiency in spending intractable.
As a professional charged with the financial well-being of your organization, identifying wasteful spending, addressing barriers to higher efficiency and laying a foundation for maximizing your budget dollars—in a way that does not impact patient care--is critical.
Intended Audience
Chief financial officers, treasurers, vice president finance, and controllers of hospitals and health systems
Level
Intermediate
Speakers
Benjamin Isgur
Assistant Director
PricewaterhouseCoopers’ Health Research Institute
Booker Young
Research Analyst
PricewaterhouseCoopers' Health Research Institute