Joining a group purchasing organization can have a ripple effect that reduces expenses across the entire healthcare system, with the potential to save up to $864 billion by 2022.
Category: Healthcare Finance News
Cut costs for legal liability defense with ‘explain and apologize’ researchers say
Study hinged on a unique Communication and Resolution Program which led one system to a 66 percent reduction in legal claims filed among other gains.
Hospital executives see bigger labor budgets, lower operating expenses in healthcare’s future
Physician shortages are forcing healthcare leaders to re-examine how much they spend on labor, and where they can expect to see savings in operating expenses.
Morale, technology are keys to staff, patient retention for medical practices, MGMA Stat poll shows
Another key focus area is diligent management of your practice’s online image and reputation, and requires having a workflow in place.
CMS releases formal approach aiming for budget neutral Medicaid demonstrations
It’s the first time that CMS has formally outlined how states should calculate budget neutrality for demonstration projects in order to strengthen fiscal accountability.
Healthcare mergers and acquisitions result in modest supply chain savings, report shows
Hospitals, on average, save about 1.5 percent per year on common expenses in the supply chain, far lower than most pre-merger estimates.
Amazon hires renowned Massachusetts General cardiologist Maulik Majmudar, MD
Majmudar’s role within the company has yet to be announced, but he arrives from the Healthcare Transformation Lab.
Andy Slavitt and AVIA to lead new Medicaid Transformation Project
The organization aligned 17 health systems to work toward decreasing Medicaid costs and improving care.
Beth Israel Deaconess, Lahey Health say merger will save up to $270 million a year, contradicting state report
Estimates from the two health systems counter those from the Massachusetts Health Policy Commission, which said the merger would increase annual spending.
AHIP supports requirement for drug companies to put prices in consumer ads
The amendment would give funding to the Department of Health and Human Services to require drug pricing in direct-to-consumer advertising.
