Boston Children's zeroes in on its costs
Tagged by the attorney general and insurers as one of the state's most expensive hospitals, Children's Hospital Boston is moving aggressively to cut healthcare costs while seeking to sustain its elite reputation for pediatric care. Children's has reduced its fees to private insurers and to Medicaid-managed care programs by $90 million over the last year and a half, hospital executives said, by focusing on charges for lab tests, doctors' appointments, imaging, surgery, and hospital admissions. Children's also recently slashed imaging and outpatient surgery prices by 20% at the hospital's three suburban sites. Hospital president Sandra Fenwick said Children's is responding to pressure to reduce costs "coming from everywhere" ---government, insurers, employers, and patients.
- Half of All Primary Care, Internal Medicine Jobs Unfilled in 2013
- How Digital Strategy Shapes Patient Engagement at Boston Children's Hospital
- CNO on Hospital Redesign: 'You Can't Over-Communicate'
- CFO Exchange: Smartphones Poised to Disrupt Healthcare, Says Topol
- Some Cancer Hospitals' Quality Data Will Soon Be Public
- CA Powers Up $80M HIE to 'Create Value in the Data'
- TJC Warns Hospitals of Deadly Medical Tubing Mistakes
- PA Ranks See 'Phenomenal Growth,' Lack of Diversity
- 3 Traits Personality Assessments Can't Reveal
- The secret committee behind our soaring healthcare costs