Budgeting
Underfunding security is a fairly common practice in the healthcare industry, but CFOs need to recognize how critical it is to provide the appropriate resources for security initiatives and technologies.
New research suggests that socioeconomic factors can account for most of the geographical variation in Medicare spending. As a result, larger socio-demographic issues must be considered when assessing the quality of care offered by healthcare providers.
A program that combines a mobile app, analytics and direct intervention is showing promise in reducing the costs associated with hospitals' most expensive patients -- the so-called "super-utilizers."
New research by the Centers for Disease Control and Prevention and Premier, Inc., concludes that the inappropriate use of antibiotics in U.S. hospitals could result in an estimated $163 million in excessive costs.
U.S. employers plan to continue offering health insurance plans to their employees, even in the face of rising healthcare costs and the availability of the exchanges.
One of the most daunting challenges any newly appointed healthcare supply chain leader will face is establishing direction. The best practices listed below, gathered from my 16 years of experience in supply chain, will get you moving in the right direction.
South Nassau Communities Hospital CFO Mark Bogen spoke with Healthcare Finance News about risk, controlling costs and revenue challenges for his Oceanside, N.Y.-based organization.
Facing threats to net revenue, most healthcare organizations have embarked on massive cost reduction initiatives. Unfortunately, the first tactic for many of these initiatives continues to be a "tried and true" approach which is often ineffective -- operational benchmarking.
When physicians are uninvolved in how expenses are handled in the larger health system environment, and it does not affect their income, behavior changes and apathy for the operational overhead ensues. Institutions leave themselves open to problems when a physician has no incentive to keep costs low.
Financial models involve a whole series of assumptions about such elements as volume, payer mix and salaries. While a health system may have historical data to work from, putting together projections for a new line of business is more difficult.