How The Johns Hopkins Hospital uses financial, operational and clinical collaboration to achieve cost savings
Using a framework for managing financial performance improvement across its enterprise that involved collaboration among finance, operations and clinicians, The Johns Hopkins Hospital was able to create many opportunities for costs savings and long-term financial success.
3 ways hospitals need to pivot their OR strategy in the wake of COVID-19
To maintain OR procedural revenue in the years following COVID-19, hospitals and health systems require a new surgical services strategy led by physicians and characterized by a focus on ambulatory care, with a strong emphasis on improving the patient experience and overall OR process efficiency.
How a West Texas hospital used a PSH to improve outcomes and cut costs
A not-for-profit hospital in West Texas undertook a perioperative surgical home initiative wit a focus on caring for geriatric patients with hip fractures and demonstrate how such an initiative can improve patient access and clinical outcomes while reducing a hospital's cost of care.
Why effective maternity care requires an innovative, value-based strategy
An episode-of-care approach may be the best way to address cost variation in maternal care and promote partnerships across the healthcare continuum.
McKinsey & Company survey: Physician perceptions of COVID-19 risk influence referral patterns
HFMA's Chad Mulvany says these McKinsey findings illustrate the importance of involving physicians in the development and execution of checklists used to safely reopen clinics and restart non-emergent procedures.
‘Carve outs’ among keys in managed care negotiations
Carve outs are a critical tool hospitals should use in negotiations with health plans to ensure the costs of more expensive conditions are covered.
Hospitals began to reverse job losses in June as other healthcare segments surged
Hospitals restarted hiring in June after two months of steep job losses, but it’s unclear whether the latest resurgence of COVID-19 cases will cut off the rebound.
Virginia Mason Institute transformation expert says healthcare systems can reduce waste and improve their margins
Virginia Mason Institute’s Rhonda Stewart shares how healthcare systems can reduce costs and improve patient and worker metrics by eliminating waste.
After patient volume collapsed amid the coronavirus pandemic, some see signs of recovery
Hospitals faced steep patient volume declines in March and April, but signs indicate levels could be recovering as elective procedures resume.
HHS pays $12 billion to compensate 395 hospitals for ‘high impact’ from COVID-19, and more may come
Nearly 400 hospitals and health systems have received $12 billion in COVID-19 "high impact" grants.