Financial Sustainability

How CFOs can protect patients and clinicians during the COVID-19 pandemic

Marcus Schabacker, MD, PhD, president and CEO of ECRI, offers advice to healthcare CFOs on how they can help ease the burden on clinicians in the ongoing battle against COVID-19.

Laura Ramos Hegwer April 15, 2020

Key challenges hospitals must address to improve supply chain team effectiveness

To improve cost performance around physician preference items, hospitals must address challenges posed by the sheer volume of supplies and cost transparency, among others.

Anthony Long, MBA, FACHE, FACCA April 7, 2020

Why a focus on margin management is critical in a consumer-centric healthcare market

Providers that remain focused on service-by-service approach to care delivery will find themselves out of step with today’s consumer-focused healthcare system.

Eric C. Reese, PhD March 16, 2020

Care management and reduced LOS: How hospital leaders can connect the dots

Emerging care management approaches are focused on coordinating each step in a patient’s care journey, from tracking status at admission to coordinating with community-based providers after patients are discharged.

Lance Robinson March 16, 2020

How healthcare providers can avoid being at a disadvantage when negotiating risk contracts

Stratifying patients by risk helps finance leaders understand the cost implication differentials of shifts in utilization, giving their organizations a more solid footing in risk-based contract negotiations.

Daniel J. Marino March 16, 2020

How Orlando Health stemmed healthcare costs by eliminating unnecessary clinical process variation

An initiative to eliminate unnecessary variation in care processes for six diagnostic groupings enabled Orlando Health to significantly reduce its average length of stay for the diagnoses while realizing a substantial reduction in cost.

Thomas Kelley, MD March 12, 2020

Main Line Health improves its bottom line by creating a collaborative culture

A health system's multifaceted performance improvement initiative, which yielded more than $120 million in savings, is exemplified by its approach to improving care processes in its ICUs.

Andrew Norton, MD March 5, 2020

Why health systems need a hybrid strategy and ambidextrous leadership to ensure financial sustainability

In today’s complex healthcare environment, health systems require an effective hybrid strategy that accounts for the fundamental differences among the various markets in which they compete, including inpatient, population health and emerging markets.

David G. Anderson, PhD February 26, 2020

How pharmacists can play a role in curtailing the rising cost of drug therapy

Evidence shows improved collaboration between clinical pharmacists and prescribing physicians can help mitigate problems with selection, adherence and overutilization of pharmaceuticals, which cost the nation hundreds of billions of dollars each year.

William N. Kelly, PharmD February 17, 2020

Inpatient market consolidation has led to stable inpatient markets in metro areas I HFMA

After a period of rapid consolidation, U.S. metro inpatient markets are now stable oligopolies, with a small number of competing provider systems selling inpatient services to a small number of health insurers.

David G. Anderson, PhD February 17, 2020
googletag.cmd.push( function () { googletag.display( 'hfma-gpt-leaderboard' ); } );