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…
Addressing the social determinants of health
Nancy Johnson, CEO of El Rio Community Health Center in Tucson, talks about her organization’s processes for addressing the social determinants of health among its patient population. The interview is a follow-up to a panel discussion at HFMA's 2019 Thought Leadership Retreat. Also in this episode: insights on effective leadership of teams and pricing strategy objectives.
Atrius Health: Experience with global-risk contracts paves way to success in new arrangement
Previous success in risk-based contracts will allow Atrius Health to thrive in its new global-risk arrangement with Blue Cross Blue Shield of Massachusetts, two of the provider’s leaders write.
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.
8 stages to service line growth
With its emphasis on quality, efficiency, and physician-hospital alignment, the service line model fits well in the healthcare leader’s value-oriented toolkit. Hospitals and physicians have used a service line approach for decades to provide efficient, high-quality care to well-defined, patient populations: Patients with related diseases or conditions (e.g., cardiovascular, orthopedic). Patients in specific life stages…
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: Advanced analytics company partners with Emory Healthcare
If healthcare providers are going to be successful in lowering the cost of healthcare, they may need to find a partner that can crunch the data to help them understand their cost to deliver care at the case/patient level.
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.
Time Study: Delivering time intelligence to health enterprises
An innovative technology company talks about the various ways healthcare organizations can use its centralized time intelligence platform to get a clear sense of how healthcare providers spend their time at work, using the insights to improve productivity and performance.
Hospital operating margins decline 21% in 2019, tracking firm finds
One tracking firm saw big margin declines for hospitals in 2019, with small hospitals struggling the most.