Service Line Analytics: Sound Decision-Making Starts with Reliable Data
Healthcare organizations are recognizing that incorporating service line analytics into strategic activities enables better understanding of each area’s financial and operational impacts. In addition, service line analytics signal when real-time improvements are needed and drive more informed decision-making.
Cost Accounting Evolves as Provider Needs Change
Organizations can use their current data to understand what it truly costs to deliver healthcare services. Using existing data and automating the pull of that data also allows for less human intervention to maintain cost accounting models.
Avoiding Costly Mistakes When Purchasing Financial Software
By understanding what to include in their RFPs, finance leaders can make sure they select the best cost accounting, decision support, and business intelligence platforms.
Video: The Evolution of Payment Models
François de Brantes, former vice president and director for the Altarum Payment Institute, discusses payment models.
Impact of the ACA on Hospital Admissions, by Primary Payer Type
From 2013 to 2015, the percentages of admissions by primary payer type (e.g., Medicare, commercial, self-pay) shifted, with notable increases in admissions covered by commercial insurers and charities.
Speeding Up Innovation to Keep Pace With Evolving Demands
In adapting to new payment and care delivery models, healthcare organizations are finding that innovative approaches are more vital than ever. The first step is to identify and address barriers to innovation.
Sustained Performance Improvement Requires Culture of Excellence
By using a systematic approach to build a culture of continuous improvement and implement Lean principles, health systems can dramatically boost operational performance in quality, safety, and other domains.
Clinician or Non-Clinician: Stakeholders Weigh in on the Best Fits for the C-Suite
Although clinical leaders often make for effective C-suite members, industry experts say healthcare organizations should prioritize leadership qualities over a specific type of background.
Methodology Used to Identify Top Procedures Performed at Hospitals and Free-Standing Clinics
Recent research on hospital versus free-standing facility pricing used 2016 Medicare hospital OPPS data as its basis.
Integration Planning, Execution are Key To M&A Success
Having an integration plan that aligns with strategic rationale was among the most commonly cited lessons learned by surveyed finance executives involved in hospital M&As.