Annual Hospital Costs for Opioid Overdose Patients Approaches $2 Billion
The average cost for an overdose patient who was treated and released totaled $504, but the average cost rose to $11,731 for those that were treated and admitted to a hospital.
Evaluating Cost-of-Care Progress
Although more time and evidence are needed to prove the efficacy of population-based VBP models, there are other models that may be more appropriate for different populations.
Q&A: Executives Discuss Cost Accounting Obstacles, Opportunities
Feb. 15—Hospitals and health systems are increasingly pushing to better identify and reduce costs of care.
Hospital Requirements Part of Federal Data-Sharing Push
Feb. 13—A requirement that hospitals share specific information electronically at discharge in order to participate in Medicare was one of several hospital-focused provisions in a new federal data-sharing push.
Health Care’s First Cost Accounting Adoption Model Is Now Available
Feb. 11—Amid an industrywide effort to better identify and reduce the cost of care, the HFMA-Strata L7 Cost Accounting Adoption Model, known as the L7 Model, was introduced this week.
Feb 11-15: Transparency Push Challenges Hospitals
Feb. 7—As hospitals work to meet increasing federal price transparency requirements, a senior Trump administration official said they need to move beyond those requirements.
Health Plan, Practices Focus on Care Overuse
Jan. 25—Although cost and quality are common features of value-based payment, a less common component is ensuring the provision of appropriate care.
CAHs and Cost Reports
A critical access hospital’s cost of delivering care to Medicare patients is estimated using the cost accounting data that these Medicare-certified institutions submit annually to CMS via Medicare cost reports.
Engaging Physicians in Value-Based Compensation Models
The University of Maryland St. Joseph Medical Center model layers a 50/50 share of any incentive payments on top of a work RVU-based component to account for revenue that is still generated by the number of patients that providers see.
The Use of ABC for Indirect Expenses
There is a potential connection between the use of the idea of activities with respect to patient-level costing to activity-based costing (ABC) and its variant time-driven activity-based costing (TDABC).