Healthcare Cost Containment: April 2018
Healthcare Cost Containment subscribers can access the individual articles and web exclusives listed below.
Time Is Money: Aurora Health’s 5-Month Cost Accounting Journey
By Patrick Nolan
Recognizing the intense multidisciplinary effort required to implement cost accounting, Aurora Health followed a step-by-step approach that emphasized structure, validation, training, maintenance, and optimization.
Containing Drug Costs
Leading Hospitals Turn to Advanced Strategies for Pharmacy Savings
By Laura Ramos Hegwer
Organizations like Froedtert Health and Intermountain Healthcare are working on both internal and collaborative strategies to reduce pharmacy costs and improve clinical care.
Managing Chronic Conditions
Caregiver Support May Help Reduce Costs
An interview with Claire K. Ankuda, MD, Icahn School of Medicine at Mount Sinai, by Laura Ramos Hegwer
Family caregivers’ fatigue was associated with $1,937 higher costs while caregiver sadness was associated with $1,323 higher costs during a six-month period. Patients with severely fatigued caregivers also were more likely to visit the emergency department.
How Is Your Hospital Managing Costs Across Its Physician Enterprise?
From our Sponsor Kaufman Hall
By Daniel Seargeant and Cynthia Arnold
Several factors have challenged hospitals’ goals of achieving more comprehensive views of costs at the physician enterprise level, including governance, data sharing, and financial performance expectations.
Creating a Culture of Efficiency
Christiana Care Avoids $100M In Costs by Improving Quality, Cutting Waste
By Laura Ramos Hegwer
Leaders at Christiana Care have reduced waste by ensuring appropriate use of telemetry and modifying their electronic health record to eliminate ordering of automatically recurring lab tests. They also have improved outcomes by better managing blood products and using a care management tool to target at-risk groups.
Hidden Costs of Duplicate Patient Records
By Gordon Cooper and Christie Scanlon
Accurate patient data is more important than ever as value-based payment models take hold. An enterprise-wide database is one solution to avoid duplicate patient records that negatively affect productivity and costs.
Healthcare Costs at a Glance
Some M&A Transactions Reduce Costs
Approximately 40 percent of healthcare finance executives said they achieved 25 percent or more of their cost reduction goals, according to a report by HFMA and Deloitte.