Houston Methodist saves $15.5 million by sharing actionable cost data
Finance leaders at Houston Methodist are true partners with clinicians, the hospital’s chief medical information officer said. They help validate the cost savings achieved through clinicians’ work to reduce variation.
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.
Allocating capital to medical technology in the age of value-based payment
As value-based payment and risk-bearing contracts become more prevalent, hospital leaders will be incentivized to incorporate methods that provide increased transparency and evidence into whether a technology improves patient outcomes at the lowest possible cost of care.
Healthcare Cost Containment: October 2019
The October issue features articles on addressing the SDOH impact on readmissions, valuating the cost benefit of medical technology, reducing healthcare-associated infections and assessing clinical costs.
Understanding physician costs is the first step in clinical cost transformation
Costs associated with the physician enterprise are a significant driver of patient care costs and service line profitability. Health systems’ need for accurate and trusted physician cost data has only intensified.
Healthcare Cost Containment: August 2019
Read the contents of the August issue of HFMA’s Healthcare Cost Containment newsletter. Access a PDF of the issue. Care process redesign Why behavioral health should be part of a holistic healthcare approach Jeremiah Reuter The dual risk of physician and mental health conditions often compound the cost of care. In fact, people with a…
Care coordination can reduce $89 billion behavioral health cost impact
Lack of access to mental health services results in patients with psychiatric service needs relying on ED visits, which can range from $1,198 to $2,264.
5 guidelines for controlling contracted dining service costs while maintaining quality
Keeping an eye on labor costs, contractual concessions and diner reviews allows hospitals and health systems to offer high-quality patient, visitor and staff experience at efficient pricing.
Don’t let infections hurt your bottom line
Finance leaders can ensure their organizations have the appropriate resources to combat healthcare-associated infections, said Susan Bleasdale, MD, of UI Health.
Analysis: Yes Virginia (and Tennessee), controlling healthcare costs requires hard choicesc
A discussion about the challenges of achieving cost savings by rationalizing care delivery assets, post-merger.