The journey to advanced costing: Stories from two hospital
Amid COVID-19, hospitals and healthcare delivery systems continue to seek more complete and accurate accounting of costs to access needed payment and relief programs. In order to get the most out of these programs, many are seeking new ways to use their tools and adopt advanced methodologies.
Hear executives from Saint Luke's Health System of Kansas City and Mary Washington Healthcare address the new challenges and how they improved cost accounting with advanced methodologies, like the HFMA-Strata Cost Accounting Adoption Model (L7TM) to advance cost accounting.
Original Live Webinar Date: 11/5/20
Building the Business Case for Complex Care
In this session, you will hear how Regional One Health has created a successful complex CAE program, focused on uninsured medically and socially complex patients, who are high cost, high need. You'll also see how they have demonstrated improved outcomes from cost, utilization, quality, and satisfaction perspectives which have made a positive impact to the financial position of the organization.
Predictive Analytics for Real Time Cost Management
Learn how Texas Health Resources made the leap to real-time management of costs using a financial decision support platform, augment with visualizations and integration of third-party data. During this session, attendees will gain understanding of how to best utilize data to identify real-time opportunities to manage and save cost.
It Takes a Community: Understanding Cost with the L7 Model
Standard cost accounting using ratios of cost to charges (RCC) offers minimal value. In this session, you'll explore the framework for assessing your current cost accounting methodology, understanding the accuracy of your cost data, and benchmarking against peers with the HFMA-Strata L7 Cost Accounting Adoption Model. Panelists from provider organizations will review their organizations' experience accessing accurate cost data by using advanced cost accounting, as measured by the L7 model.