Cost of Care

The average cost for an overdose patient who was treated and released totaled $504, but the average cost rose to $11,731 for those that were treated and admitted to a hospital.

Although more time and evidence are needed to prove the efficacy of population-based VBP models, there are other models that may be more appropriate for different populations.

Feb. 15—Hospitals and health systems are increasingly pushing to better identify and reduce costs of care. 

Feb. 11—Amid an industrywide effort to better identify and reduce the cost of care, the HFMA-Strata L7 Cost Accounting Adoption Model, known as the L7 Model, was introduced this week. 

Jan. 25—Although cost and quality are common features of value-based payment, a less common component is ensuring the provision of appropriate care.

Healthcare providers can use patient-level costing to obtain accurate costing information.

Pressure ulcer treatment can be as high as $150,000 and can add approximately $40,000 to a hospital stay.

Oct. 15—The area where hospitals struggle most to find savings is in efforts to reduce or eliminate services.

Oct. 11—Healthcare costs are likely to be a major focus in a discussion next week featuring Seema Verma, administrator of the Centers for Medicare & Medicaid (CMS). And heading into the 2018 midterm elections, the cost of health care is a top priority in both public polling and congressional planning.

The average cath lab program generates a negative profit margin on Medicare patients, and that population is growing. Analyzing cath lab care pathway design can help hospital leaders bend the cost curve back to operating profitability.