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  January 28, 2013 Follow us on FacebookFollow us on TwitterJoin us on LinkedInRSS feed

3 Cost-Cutting Skills of Smart Hospitals

Jim Molpus

Yes, healthcare is facing significant cuts in coming years. But often the best time for organizations to make a significant leap in market position is when the underlying dynamics of an industry shift. Here are three things healthcare organizations must keep in mind. >>>

 

Editor's Picks

Moody's Still Bearish on Not-for-Profit Hospitals

Uncertainty about reductions in Medicare reimbursements is one reason the not-for-profit hospital sector has lacked stability since at least 2008. And there is no indication that better days are near, says an analyst at the credit rating firm. >>>

HIPAA Final Rule Raises Fines for Non-Compliance

The so-called "mega" privacy rule is not enforceable until September, but hospital and health system executives should begin reviewing current policies now to identify changes necessary for compliance, observers say. >>>

Managed Care Contracts Need Scrutiny

Physician practices must pay extra attention to managed care contract negotiations as the healthcare industry implements reform. Contract terms may have more bite than in the past. >>>

AHA: Hospitals a $2T Economic Driver

Hospitals employ 5.5 million workers and spend billions of dollars on goods and services, but one critic says, "It is a big mistake to use economic power as an excuse for not finding the right balance for what we should spend on healthcare." >>>

Don't Let DNFB Cripple Hospital Cash Flow

Accounts marked 'discharged not final billed' can hobble a healthcare provider's opportunities to manage cash and earn interest, but CEOs and CFOs who know what to look for can stop it before it happens. >>>

Groups Urge Feds to Issue Physician Payments Final Rule

The overdue final version of the Physician Payments Sunshine Act outlines reporting requirements on all grants, fees, and reimbursements provided to physicians and teaching hospitals by manufacturers of medical devices and prescription drugs covered by Medicare and Medicaid. >>>

M&A Forecast: 1 in 5 Hospitals to Realign Over Next Decade

Revenue is expected to plunge 25% and the incremental changes that hospitals and health systems are implementing are not likely to be enough to maintain independence for a large percentage of them. >>>



LIVE Webcast

Boost Patient Satisfaction Scores Through an Accountability Model

Date: February 14, 2013, 1:00-2:30 p.m. ET

Ardent Health Services, Monroe Clinic, and The Baird Group drill down on tools and strategies they've used to create a sustainable patient experience model based on accountability and service excellence. Learn what your team should be doing to accomplish these goals and help your organization boost its bottom line.

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News Headlines

Intermountain analysis: Can hospitals cut waste without rationing care?

The Salt Lake Tribune, January 28, 2013

A hospital fee minus just one thing: A hospital

The Boston Globe, January 28, 2013

An oil boom takes a toll on healthcare

The New York Times, January 28, 2013

Medicare paid $120M in illegal care

The Miami Herald / Associated Press, January 25, 2013

Highmark to pay docs at WPAHS higher rates

Pittsburgh Post-Gazette, January 25, 2013

Health Care Foundation wins $161.9M from HCA

Kansas City Business Journal, January 25, 2013

Docs praise bill to repeal Medicare cost-cutting board

The Hill, January 24, 2013

CMS community initiatives could reduce health costs

Kaiser Health News, January 24, 2013

Smart Hospital Sponsorships Lead to Community Engagement

HealthLeaders Media, January 23, 2013

TX lawmakers considering hospital tax

WOAI News, January 23, 2013



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Multimedia/Events

HealthLeaders Live from Heartland Health: Cost Containment Lessons

Date: March 19, 2013, 12:00-3:00 p.m. ET

Heartland Health leaders reveal how to achieve significant, sustainable cost savings by identifying value in best practices and the patient experience. Learn how the team identified areas of waste and cost savings that have consistently added millions of dollars annually to the bottom line.

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From HealthLeaders Magazine

20 People Who Make Healthcare Better—2012

They are nurses and physicians. They are researchers and executives. They are providers and payers. They are watchdogs and innovators. And they are patients. They are this year's HealthLeaders 20 honorees, selected for their efforts to make healthcare better. Their stories are sometimes tinged with struggles or challenges, but always, ultimately, with success. >>>

 

Anesthesia and Operating Room Efficiency

 

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