MultiCare's CMO breaks down how the system achieved cost savings through clinical and financial alignment.
From overtreatment like repetitive lab tests and duplicate imaging studies, to unnecessary medicine usage and care coordination failures, clinical waste can quickly devour a health system's budget. Research shows that clinical waste is a big driver of excess health spending, accounting for anywhere between 5.4–15.7% of national health spending.
Through a collaboration with Epic and IllumiCare, MultiCare Health System has achieved big savings by reducing clinical waste. In this episode of HL Shorts we hear from MultiCare's CMO Arun Mathews on how the new system helped reduce clinical waste and how much work went into physician alignment with the new program.
For CFOs, it’s important to not overlook the importance of collaboration with medical teams to uncover clinical and financial stewardship opportunities.
For more info, be sure to check out the accompanying aritcle with Mathews' full interview.
Marie DeFreitas is the CFO editor for HealthLeaders.