Factors that Influence Cardiac Surgical Technology Purchases
A visual analysis of a February 2020 HFMA survey about factors that influence cardiac surgical technology decisions.
Main Line Health improves its bottom line by creating a collaborative culture
A health system's multifaceted performance improvement initiative, which yielded more than $120 million in savings, is exemplified by its approach to improving care processes in its ICUs.
How pharmacists can play a role in curtailing the rising cost of drug therapy
Evidence shows improved collaboration between clinical pharmacists and prescribing physicians can help mitigate problems with selection, adherence and overutilization of pharmaceuticals, which cost the nation hundreds of billions of dollars each year.
Analytics help create an integrated health system
For health systems that have gone through a period of growth, strong strategic financial planning, enhanced service line analytics, appropriate benchmarking, standardized costing practices, and rolling forecasting can help realize the efficiencies of scale that growth provides.
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…
Avera Health facilitates dialogue to strengthen care delivery across the organization
Avera Health has managed to seamlessly integrate clinical and operational processes across its system by focusing on collaboration and enhanced communication.
Why hospital outpatient physical therapy is a good revenue source I HFMA
It makes good business sense for health systems to make outpatient physical therapy a priority given the payment landscape for such services and the value they can provide.
Why LTC providers should prepare for a whole new wave of payment challenges
As the patient population requiring long-term care (LTC) continues to grow, the success of LTC facilities will depend on their ability to turn payment challenges into opportunities, in part by steering clear of false beliefs and implementing effective revenue-recovery processes.
CMS cardiac procedure changes could cost hospital cardiac programs $700 million
In a move that could have profound financial implications for hospitals, the 2019 Outpatient Prospective Payment System final rule adds 17 cardiac procedures to the list of procedures approved by CMS to be performed in ambulatory surgery centers.