8 hallmarks of a successful healthcare venture capital program
Health systems that are developing venture capital projects should apply eight core principles that reflect best practices of organizations that had a strong track record of success in managing their venture capital programs.
5 steps for developing a strong investor relations strategy
Healthcare organizations should adhere to best practices in investor relations by pursuing a strategy that builds and maintains trust through routine, clear communication of key organizational objectives, priorities, strategic initiatives and strengths.
Hospitals need engaged physicians to manage supply preferences
Gainsharing and co-management are two strategies hospitals and health systems can employ to effectively engage physicians in organizational efforts to manage costs of physician preference items.
Healthcare organization partnerships with Area Agencies on Aging help reduce the total cost of care
Area Agencies on Aging are well-established resources for enhancing the health and well-being of a community’s elderly population and a natural partner for hospitals as they strive for a holistic approach to caring for older adult patients.
Key challenges hospitals must address to improve supply chain team effectiveness
To improve cost performance around physician preference items, hospitals must address challenges posed by the sheer volume of supplies and cost transparency, among others.
March 16-20: CMS deadlines approach amid ongoing cancellations of healthcare finance events
A complete listing of healthcare finance-related hearings, conferences, webinars, public forums and deadlines for the week of March 16.
U.S. healthcare organizations should prepare for potential impact of coronavirus
U.S. healthcare organizations can mitigate the risk of an outbreak of the coronavirus by preparing now and being ready, even if there is little empirical evidence to suggest a case will arrive at their facility.
Hospitals and physician practices generally achieve ‘moderately effective’ use of cost data, according to a survey, which also identified more effective approaches
Although many healthcare organizations say they have achieved middling results in their cost accounting efforts, that could improve through widespread adoption of approaches identified as most effective.
Care management and reduced LOS: How hospital leaders can connect the dots
Emerging care management approaches are focused on coordinating each step in a patient’s care journey, from tracking status at admission to coordinating with community-based providers after patients are discharged.
How to achieve best-in-class capability for value-based risk contracting
Health systems embarking on value-based contracting should give attention to three areas: understanding market profit pools, acknowledging inherent challenges in the health plan market, and developing the key elements that are essential for success.