Safety Net System Achieves $130M in Fiscal Improvements in 4 Years
Denials management and “keepage” strategies—keeping services within the health system—helped Maricopa Integrated Health Services improve its margins even in the face of a challenging payer mix.
New Committee for Patient Safety Will Coordinate National Efforts
As CFOs field more funding requests for patient safety initiatives, they need to be included in initiatives that develop a culture of safety.
Hospitals Are Using Cost Reduction to Trim Patient Charges
The healthcare industry has undergone a major decrease in average annual charge growth. Hospitals at the lowest end of the charge growth spectrum are using cost reduction to slow the level of charge change.
A New Framework for Healthcare Performance Improvement
Improvement initiatives must increasingly focus on long-term, high-impact areas that reengineer clinical care, sharpen an organization’s service portfolio, and exploit the system’s scale of operations.
Delivering on Potential: The RTLS Effect on Productivity
A North Dakota health system has seen positive results in patient wait times and staff productivity by using real-time location system technology.
Better Blood Management Helps Johns Hopkins Reduce Length of Stay, Save Nearly $3 Million
Johns Hopkins Medical Institutions saved money and improved on quality metrics by implementing a blood management program.
Decline in Hospital-Acquired Conditions Saves Almost $3B
AHRQ reports that hospital-acquired conditions fell by 350,000 between 2014 and 2016. With an adverse drug event costing a hospital anywhere from $1,200 to $9,000 and a catheter-associated urinary tract infection costing between $5,000 and almost $30,000, this reduction is a positive indicator for reducing health costs.
Improving Patient Experience May Reduce Readmissions
Providers should ask high-risk patients about their care experiences before discharge to help reduce costly readmissions.
Advanced Analytics Must Drive the Next Round of Productivity Initiatives
To achieve the next round of cost-reduction goals facing hospitals, care delivery models that use a different mix and quantity of healthcare professionals must be put in place. Supported by advanced analytics and statistical modeling, hospital leadership can demonstrate how fewer labor hours and lower total costs can deliver consistent and excellent clinical outcomes.
Multimodal Approach Saves MedStar Health $13M in 8 Years
Many hospital leaders focus on price negotiations with manufacturers to reduce pharmacy costs. However, pharmacists at one 10-hospital health system recognize the cost-saving benefits of engaging physicians, standardizing 340B program processes, and employing other strategies.