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.
Hospitals have an opportunity to cull big savings from purchased services
The very real possibility of being able to reduce purchased services spend by 10% to 15% offers hospitals and health systems a compelling reason to pursue such an effort.
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.
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.
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.
The new hfm is (re)designed to help you get what you need faster and easier
A new, next-level design makes hfm easier to read and more useful than ever.
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.
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.
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.
IMPACT: The qualities required to promote engagement in change initiatives in any organization
Philadelphia-based Main Line Health attributes the success of its Performance Excellence 2020 initiative in large part to the conceptual framework it used to design and implement the initiative.