Targeting deteriorating margins to preserve mission delivery
A tips-focused article about maintaining tight margin control to ensure an organization can successfully deliver on its mission statement. Includes lessons learned from a recent HFMA Strategic CFO Council meeting.
Why reining in wasteful healthcare spending requires more than just reducing costs
To rein in expenses and improve margins, finance leaders must dive into drivers of waste and low profitability.
Health plans expect to offer generic drugs by 2022
A health plan alliance with hospitals aims to produce generic drug alternatives that will save consumers “hundreds of millions” of dollars.
How a new view of performance improvement can help healthcare organizations rein in costs
Succeeding in U.S. healthcare’s challenging financial environment requires a disciplined, data-oriented approach with a corresponding investment in data systems and infrastructure.
Why hospitals should focus on improving the value of care in the cardiac cath lab
Web special: Healthcare finance leaders should be aware of care protocols that can improve patient outcomes and satisfaction while reducing costs, particularly in high-cost services lines. One such protocol is the use of transradial access for patients undergoing percutaneous coronary intervention.
How using artificial intelligence enabled Flagler Hospital to reduce clinical variation
Flagler Hospital used an artificial intelligence application to support physician-led efforts to develop and adopt care pathways aimed at improving care quality and outcomes while reducing cost.
Healthcare Cost Containment: April 2019
Healthcare Cost Containment subscribers can access the individual articles and web exclusives listed below. Cost Transformation Boosting Accountability Helps ProMedica Save $108 Million in 2018 BY LAURA RAMOS HEGWER 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. Margin…
Capitalize on purchased services’ unusual suspects to enhance revenue
A transformative healthcare company outlines some conventional and unusual strategies for streamlining purchased services spend to expand margins and drive revenue.
Many voters oppose giving government authority to set all healthcare prices
More voters oppose broad government rate-setting than support such an approach to addressing healthcare cost increases, according to a poll.
Analysis: How one health system is using food as medicine with great results
HFMA’s Katie Gilfillan discusses how ProMedica, a Toledo, Ohio-based healthcare organization serving communities in 28 states has operated food pharmacies at three of its medical clinics and describes the positive results from the health system's efforts.