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Several factors have challenged achieving a more comprehensive view of costs at the physician enterprise level, including governance, data sharing, and financial performance expectations.

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.

Organizations like Froedtert Health and Intermountain Healthcare are working on both internal and collaborative strategies to reduce pharmacy costs and improve clinical care.

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. 

David Asch, MD, executive director of the Penn Medicine Center for Healthcare Innovation, discusses how behavioral economics can help the healthcare industry enable health-oriented behavior.

Engaging staff, assessing risk, and employing rapid-response plans, healthcare organizations are cross-functionally implementing enterprise risk management strategies to enhance the value of their services.

Our shared vision of value is at risk. We won’t attain high-value health care unless we agree on what that means.

These are the top risk categories identified by healthcare providers.

Healthcare providers are increasingly taking on payment risk as a result of value-based payment arrangements being implemented by the federal government and the private sector. 

Two national organizations seek to spread the “Age-Friendly Health Systems” movement to 20 percent of all health systems by 2020.