Budgeting

Hospitals are cutting their operating costs in order to adjust to reduced revenues as Medicare tightens payments.

Eliminating a traditional management exercise as old as the budget may seem risky to hospital CFOs, but many businesses have done just that. Some say using a 19th-century tool to manage a 21st-century organization makes little sense.

In this video provided by ASQ, Eric Hayler, a Lean Six Sigma Master Black Belt, discusses a successful manufacturing and service application of the Lean process, a popular methodology in healthcare which aims to minimize waste and optimize value.

Florida's Baptist Health has devised a more efficient way to manage their medical devices and share risk, and it's helping them place real controls on capital costs.

Due to its substantial impact on a hospital’s bottom line, Tony Stajduhar, president of the Permanent Physician Recruitment Division at recruitment firm Jackson & Coker, believes physician recruitment should always be a top-five concern for hospital administrators -- something that he says is not always the case.

Information technology expenditures in medical practices have risen since 2008, spurred by incentives from the federal government.

Business pressures are forcing hospital CFOs to re-evaluate their revenue cycle management solutions.

For healthcare employers, the recent modest growth in insurance premiums in employer-sponsored group plans has more impactful consequences for the their bottom line than it does for non-healthcare employers.

The federal government's PPI report indicated that prices across the range of healthcare industries were equivalent to those in July, although 1.1 percent higher than a year ago.

Highmark Health Services, a big Blue Cross Blue Shield plan is rolling out its Care Cost Estimator, a transparency tool designed to get members to make cost-saving choices.