Healthcare Cost Containment: October 2018

Healthcare Cost Containment subscribers can access the individual articles and web exclusives listed below.

Performance Improvement

Regional Hospital’s Focus on Rapid Results Reaps $6M in Savings

By Laura Ramos Hegwer

Henry Ford West Bloomfield uses 100-day productivity cycles to improve operations and reduce waste. Over a three-year period, the hospital saved $8.7 million contributing to a financial performance turnaround.

Clinical Costs

Key Factors in Cath Lab Financial Performance

By John Yanuzzelli

The average cath lab program generates a negative profit margin on Medicare patients, a compounding problem as the population ages. Analyzing cath lab care pathway design can help hospital leaders bend the cost curve back to operating profitability.

Cost Accounting

Using Business Intelligence to Succeed in Value-Based Care

By Laura Ramos Hegwer

Gain buy in for value-based care by picking a few key areas to cost and monitor. Some easy wins build momentum and confidence across a healthcare organization.

Facilities Management

A Growing Health System Contains Costs Through Outsourcing

By An interview with Pamela Stoyanoff, Methodist Health System, by Laura Ramos Hegwer

Methodist Health System wanted to manage and maintain its facilities more efficiently after more than a decade of expansion. Improved contracting practices saved $250,000 in the first several months.

Cost Accounting

Cost Accounting: Bridging the Gap Between Where You Are and Where You Should Be 

From our Sponsor Kaufman Hall

By Catherine Savage and Curtis Bryan

By creating a single source of truth, MultiCare aims to have coordinated oversight of all data, including security and design, and provide a consistent training curriculum for its finance team.

Healthcare Costs at a Glance

Proposed Regulatory Relief Saves $1.1 Billion for Providers

A proposal to eliminate required outpatient medical histories and physicals could reduce costs for healthcare providers by $454 million annually.