Cost:

Free for HFMA Members
Buy HFMA Membership to Attend

Audience:

Business Partners
Health Plans
Hospitals and Other Providers
Physicians and Other Practitioners

Career level:

Early Careerist
Executive
Experienced Professional
Mid-Senior

Recommended for:

Clinically Integrated Network
Cost Containment
Pharmacy
Physician Practice

Delivery Method:

Self Study

Advance Preparation:

None

Prerequisites:

None

Course Availability:

1 Year

On Demand Webinar | Overview | Cost Reduction
With the cancellation of elective surgeries due to COVID-19, health system leaders must navigate their organization to a new financial future.  Join as we outline an entirely new tranche of cost savings that can be achieved by maximizi...
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Live Webinar | Cost Reduction
With the cancellation of elective surgeries due to COVID-19, health system leaders must navigate their organization to a new financial future. Join as we outline an entirely new tranche of cost savings that can be achieved by maximizing the...
Save
News | Cost Reduction
Using a framework for managing financial performance improvement across its enterprise that involved collaboration among finance, operations and clinicians, The Johns Hopkins Hospital was able to create many opportunities for costs savings ...
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Article | Cost Reduction
Virginia Mason Institute’s Rhonda Stewart shares how healthcare systems can reduce costs and improve patient and worker metrics by eliminating waste.
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Trend | Cost Reduction
A survey of provider executives about corporate services spending, expense reduction, and technology optimization trends.
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On Demand Webinar | Overview | Cost Reduction

Change management practice leads to pharmaceutical cost reduction strategies

On Demand Webinar | Overview | Cost Reduction

Change management practice leads to pharmaceutical cost reduction strategies

Description

One of the highest costs in any healthcare organization is the pharmaceutical spend, yet there often exists a dichotomy between the purchasers and the end users, which leads to unexpected expenses that are poorly controlled.  This webinar will describe a change management system to track, assess and mitigate pharmaceutical costs. We will describe the inception of this change management system idea, the early phase development and rollout of the system as well as review our early wins. We will explain some of he issues that ae innate to most health systems and the strategies that pharmaceutical companies use to keep their profits high.  At the end of the talk, your teams should understand how this methodology can be incorporated into any healthcare organization, and the framework required to support this initiative.

Original Live Webinar Date:10/23/2019
After this program, you'll be able to..
  • Understand the inner-working of the pharmaceutical industry, drug pricing and why generic costs change
  • See how the separation of pharmacy, finance and end users affects the cos of drugs
  • Discover repeatable change management strategies that can mitigate pharmaceutical costs
  • Learn how Penn Presbyterian Medical Center's Medication Value Committee and system decreased its pharmaceutical costs and understand how it could work in your own institution.

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On Demand Webinar | Overview | Cost Reduction

Equipment sharing: A new way for finance leaders to save capital dollars

With the cancellation of elective surgeries due to COVID-19, health system leaders must navigate their organization to a new financial future.  Join as we outline an entirely new tranche of cost savings that can be achieved by maximizing the utilization of existing capital equipment with an asset sharing program.

You will be provided with a framework to benchmark equipment utilization across your facilities, and the steps to practically implement a sharing program.Learn from two health system case studies on how asset sharing can reduce new equipment needs by as much as 50%, while eliminating rental costs and satisfying more capital requests from your clinical team.

On Demand Webinar | Intermediate | Staff Development

Adapting to the New Normal: Accelerating Productivity and Revenue with Al

Healthcare organizations are experiencing significant risk to revenue and margins due to the COVID 19 pandemic. Leaders are looking to accelerate the path to a lasting solution by embracing new ways of working that are centered around sustainability in order to plan and strategize for the future. Hear insights and perspectives from three health system executives as they discuss why it's critical to invest in AI to accelerate revenue, create workforce resiliency and increase productivity.


Original Live Date: HFMA Digital Annual Conference (8/14/2020)

On Demand Webinar | Intermediate | Finance and Business Strategy

How One Health System Transformed Cost for a Post-COVID Future

Attendees will learn about cost transformation from a heatlh system undergoing comprehensive, log-term restructuring and performance improvement. A Virtua Health executive will discuss how the acquisition of Lourdes Health was the impetus to rethink the entire organization and share the challenges and successes of such a broad initiative. 


Original Live Date: HFMA Digital Annual Conference (7/15/2020)

On Demand Webinar | Basic | Finance and Business Strategy

2019 Performance Improvement Insights: Strategy, Technology and Tactics that Drive Cost Transformation

Kaufman Hall and HFMA explored the powerful performance improvement strategies discovered in the third annual State of Healthcare Performance Improvement: Strategy, Technology, and Tactics survey. These strategies will position your organization to identify and establish clear and attainable performance improvement goals, and help you deploy successful cost transformation initiatives throughout your organization.

Original live webinar date: 11/21/19