Chuck Green
For hospitals, the question of whether it is cheaper in the long run to repair a device or replace it continues to be hard to answer, according to experts, though many facilities are trying to come up with standards.
Mobile payments solutions are gaining traction in the healthcare industry, according to experts, as the smartphone revolution takes root in American healthcare.
While bottom line impact may be tough to measure when it comes to financial investment, patients just want their own bottoms covered.
Rebounding from a tough couple of years due to lack of availability of generic drugs, many healthcare facilities are weighing their options.
Declines in inpatient volume, reimbursement and changes in the boundary between payers and providers are compelling CFOs across the country to develop new, innovative ways to cut costs.
With so many organizations making up your accountable care organization, the need for a collaborative approach to supply chain purchasing is leading organizations to lean on analytics tools and new chains of communication to keep costs in check.
As hospitals and other healthcare facilities face tighter profit margins tied to care costs and cuts in reimbursement rates, more organizations are turning to just-in-time inventory management to keep supplies lean and costs low. But the approach comes with risks.
Finance staff needs to understand options to save major costs with unbranded medications.
Hospital chief financial officers have indispensable business intelligence towards managing costs surrounding supply chain purchases.
A flurry of mergers and acquisitions among U.S. hospitals and health systems last year is prompting the formation of more centralized purchasing networks.