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Cost optimization involves more than cutting a set percentage from the traditional targets, such as labor, real estate, or IT. Cost optimization is an enterprisewide effort, requiring leaders to reset their operational strategies and align with value-based payment models.

Spurred by a drop in operating income, OSF HealthCare embarked on a clinical and financial improvement initiative that has saved the organization $160 million each year.

HFMA and Navigant surveyed 125 hospital and health system CFOs and revenue cycle executives to learn about next-generation revenue cycle management trends. Erick McKesson, director for Navigant, summarizes the findings in this video.

This article shares how Premier Inc. helped Adventist Health System successfully navigate bundled payment initiatives by offering a dynamic collaborative led by seasoned experts and user-friendly analytics that enable evidence-based decisions.

Elizabeth Lamkin and Larry Field, DO, describe how healthcare organizations can assess the efficacy of a physician adviser as part of strategic-planning efforts.

Elizabeth Lamkin and Larry Field, DO, describe how healthcare organizations can assess the efficacy of a physician adviser as part of strategic-planning efforts.

Documentation of chronic conditions is increasingly important as hospitals move toward value-based payment models. 

Documentation of chronic conditions is increasingly important as hospitals move toward value-based payment models. 

CMS’s proposal to reduce rates for 340B-covered entities for separately payable outpatient drugs may indicate the Trump administration may take an aggressive approach to healthcare policy.

For healthcare leaders, the effort to promote enhanced value should involve not just to searching for consensus but actively molding it.