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Cover Story

Using Predictive Modeling to Trim Nurse Staffing Costs

By Laura Ramos Hegwer

An Illinois hospital is saving $2.1 million in annual labor costs by giving front-line managers more control over flex staffing and adopting a scheduling tool that uses predictive modeling.

Population Health Management

A Medical Home Investment Achieves a Double-Digit ROI

By Robert Fortini

By adopting a patient-centered medical home model, Bon Secours Virginia Medical Group achieved a 35 percent reduction in readmissions and is $1.8 million below projected spend six months into a value-based commercial contract.

Improving Value

Effective Cost Management Requires Pushing Through Execution Barriers

By Brian Channon

Before looking for new and exciting ways to reduce costs, hospitals and health systems should focus on identifying and overcoming the cost obstacles that have prevented them from achieving or maintaining past cost reduction goals.

Performance Improvement

A Safety Net System Launches a Lean Approach to Sustainable Performance Improvement

By Peggy Deming, Charles Hagood, and Dan Piro

An academic medical center that also serves as a safety net provider generated more than $16.2 million in savings through a comprehensive quality improvement and cost reduction initiative.

Supply Chain Management

Discount Strategies You Should Be Pursuing—But Are You?

By Lori Webb, Tom Watson, and Katie Regan

Be prepared to navigate capital purchases successfully by adopting these negotiating principles and strategies.

Publication Date: Friday, August 09, 2013