Trend | Cost Reduction

Healthcare Cost Containment: October 2019

Sponsored by Kaufman Hall
Trend | Cost Reduction

Healthcare Cost Containment: October 2019

Read the contents of the October issue of HFMA's Healthcare Cost Containment newsletter.

Access a PDF of the issue.

Reducing Medicare penalties

SDOH initiative reduces readmission penalties in one year

By Holly Gould

One major factor in McLaren Port Huron’s readmission rate reduction is the organization’s emphasis on identifying and addressing patient social determinants of health. The focus is on educating patients and involving them in their healthcare plans.

Capital investment

Allocating capital to medical technology in the age of value-based payment

By Terrance D. Hayslett

As value-based payment and risk-bearing contracts become more prevalent, hospital leaders are incentivized to provide increased transparency and evidence into whether a technology improves patient outcomes at the lowest possible cost of care.

Clinical costs

Don’t let infections hurt your bottom line

By Laura Hegwer

Finance leaders can ensure their organizations have the appropriate resources to combat healthcare-associated infections, said Susan Bleasdale, MD, of UI Health.

Food services

5 guidelines for controlling contracted dining service costs while maintaining quality

By Stephen Carrabba

Keeping an eye on labor costs, contractual concessions and diner reviews allows hospitals and health systems to offer high-quality patient, visitor and staff experience at efficient pricing.

Physician practices

Understanding physician costs is first step in clinical cost transformation

From our Sponsor, Kaufman Hall

By Catherine Savage and David Blunt

Costs associated with the physician enterprise are a significant driver of patient care costs and service line profitability. Health systems’ need for accurate and trusted physician cost data has only intensified.

Healthcare costs at a glance

Care coordination can reduce $89 billion behavioral health cost impact

Lack of access to mental health services results in patients with psychiatric service needs relying on ED visits, which can range from $1,198 to $2,264.

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Addressing U.S. healthcare system challenges requires a focus on improving health, not just care

If we are to effectively address the huge cost challenges facing the U.S. health system, we must begin to better address the cost effectiveness of health, says Todd Nelson, HFMA’s director of professional practice and partner relationships. And it has to be through a collaborative process involving all stakeholders, he says, including not just hospitals and health systems, physicians and health plans but also patients and their communities, as well as society overall.