How To | Cost Reduction

Healthcare Cost Containment: April 2019

Sponsored by Kaufman Hall
How To | Cost Reduction

Healthcare Cost Containment: April 2019

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

 

Cost Transformation

Boosting Accountability Helps ProMedica Save $108 Million in 2018

BY LAURA RAMOS HEGWER

Each year, leaders at ProMedica set a 3 percent cost-reduction goal, which they believe is achievable and still has a significant impact on the bottom line.

Margin Management

Setting Targets for Health System Leaders Garners Results

BY BETTY HINTCH

Swedish American Health System found that leaders were able to identify labor and supply chain cost reduction ideas. The health system plans to achieve the same success in clinical variation.

Regulatory Update

Hospitals Targeted in Federal Cost-Saving Ideas

BY RICH DALY

A bipartisan group of policy advocates urged Congress to target hospitals as part of a highly anticipated legislative push on cost control.  

Food Services

Hospitals Save When They Reduce Food Waste

BY LAURA RAMOS HEGWER

Leaders can use smarter purchasing, menu planning, and technology strategies to contain costs and reduce food waste in hospitals.  

Facilities

8 Tips for Long-Range Cost Savings in Healthcare Construction

BY JEFF JANICEK

By using a patient-centered approach, cost savings can be achieved throughout every phase of a hospital construction project.  

Reducing Waste

Viewing Sustainability Through the Cost-Savings Lens

AN INTERVIEW WITH JANET HOWARD OF PRACTICE GREENHEALTH BY LAURA RAMOS HEGWER

Finance leaders often overlook sustainability as a cost-savings strategy and may miss out on opportunities to curb waste and improve the bottom line.

Cost Accounting

Activity-Based Costing: When to Walk and When to Run
From our Sponsor Kaufman Hall

BY CATHERINE SAVAGE AND DANIEL SEARGEANT 

As the benefits of a modified activity-based costing approach become evident, finance leaders may decide to dedicate more resources to higher effort “runs” and less to lower effort “walks.”

Operations

6 Steps to Effective Document Retention and Destruction

BY STEPHEN CARRABBA

A document retention policy helps hospital leaders effectively manage paper generated by day-to-day activities.  

Healthcare Costs at a Glance

Chronic Disease Most Significant Factor in Care Cost Variation

Chronic disease was the most significant factor in cost of care variations but was less successful in predicting variations in cost growth. 

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Trend | Care Process Redesign

Keeping an eye on Massachusetts

Several payer-provider collaborations launched in Massachusetts seek to better manage Medicaid risk by including behavioral health resources, among other services.

Trend | Care Process Redesign

Why behavioral health should be part of a holistic healthcare approach

The dual risk of physician and mental health conditions often compound the cost of care. In fact, people with a combination of medical and behavioral issues have medical costs that are two times higher than the general population.

How To | Supply Chain Management

Client relationships and the supply chain

A hospital or health system that wants the best possible client service from its supply chain must provide resources — including staff, technology and tools — as well as opportunities to collaborate on decision-making that will position the supply chain for success.

Trend | Cost Reduction

Medical costs for diabetes increase 26%

The excess medical cost per person with diabetes grew by 14% from $8,417 to $9,601 in 2017.