7 ways to address financial barriers to medication adherence and contain costs
When patients are able to afford their medications, they are also more likely to take those medications as prescribed, thereby avoiding costly hospitalizations and ED visits. Lower costs in this way helps healthcare providers achieve success under value-based payment models that reward high-quality, low-cost care.
5 tactics to reduce clinical costs and improve performance
Learn about clinical cost reduction strategies and examples.
Example from the field: Managing clinical costs at a large, academic health system
One healthcare provider recognized that it would be impossible to make a material impact on clinical costs without also addressing related areas such as operational expenses and revenue cycle optimization.
Mayo Clinic Laboratories uses data, clinician teams to identify cost savings
Just one lab utilization initiative can have a massive financial impact, says Andrew Cousin of Mayo Clinic Laboratories. Don’t be so overwhelmed by the scope that you do not take that first small step.
Drivers of healthcare cost growth, and commercial health plans’ responses
Efforts to control the growth of healthcare costs nationwide have focused on reducing variation both in utilization and price.
Hospitals Save When They Reduce Food Waste
Addressing food waste can help the environment and hospitals’ bottom lines.
Boosting Accountability Helps ProMedica Save $108 Million in 2018
Each year, leaders at ProMedica set a 3 percent cost-reduction goal, which they believe is achievable and still has a significant impact on the bottom line.
Health plan data helps physicians, but additional insight would improve outcomes
A patient-centered medical home program has fostered collaborative relationships between a health plan and participating providers, but one provider says the program would be even more effective if the data supplied by the health plan were more actionable.
Analysis: Walmart’s provider partnerships address cost reduction, patient experience and outcomes
Walmart’s venture into healthcare cost savings for its employees has wide-ranging potential financial impacts for hospitals and health systems.
6 Steps to Effective Document Retention and Destruction
Implementing a document retention/destruction process avoids unnecessary storage fees and potential legal issues.