Targeted Care Integration Can Help Drive Success Under Risk Contracts
Providers can avoid many of the missed opportunities associated with risk contracts by carefully reviewing the targeted patient population, narrowing the number of performance metrics, and selecting the right clinicians to participate.
Benchmarking Helps OSF HealthCare Save $160M Annually
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.
Understanding Quality Components and Metrics
Quality metrics are an essential consideration in shared savings or shared risk contracts. Information about these metrics typically is located in an appendix, addendum, or exhibit. The provider organization should be familiar with and understand the specific measures. For each
The New Revenue Recognition Standard: Where Organizations Stand
As implementation time draws near for the Financial Accounting Standards Board’s new standards regarding contracts with customers, healthcare organizations should take steps to ensure their processes align with these standards.
A Physician’s Guide to Financial Management Basics
Being able to analyze an income statement can help physician leaders identify what actions to take when variances occur. Similarly, knowing how to make a business case can help physician leaders secure staff or equipment they may need for a particular initiative.
A Physician’s Guide to Financial Management Basics
Being able to analyze an income statement can help physician leaders identify what actions to take when variances occur. Similarly, knowing how to make a business case can help physician leaders secure staff or equipment they may need for a particular initiative.
Select Healthcare Financial Management Terms
Break even Analysis (BE) Technique for calculating the volume required for a specific service where expenses equal revenue generated. Charges (Gross Charges) Billed amount
Select Healthcare Financial Management Terms
Break even Analysis (BE) Technique for calculating the volume required for a specific service where expenses equal revenue generated. Charges (Gross Charges) Billed amount
Setting Competitive Prices with the Consumer in Mind
Finance leaders face a difficult balancing act when setting prices, particularly for new services.
How Price Transparency Can Lower Healthcare Costs
Joseph Sanginiti explains how healthcare providers, health plans, and consumers must work together to manage the cost of health care.