Various measures such as switching to a generic or private label product, adopting alternative processes and efficiencies and even spending money to save money can help a healthcare business reduce expenses.
Calculating the ROI of Adding Diagnostic Equipment to Your Medical Practice
Adding the latest diagnostic equipment to your medical practice can help you provide better patient care, increase patient satisfaction and create new revenue streams. When adding equipment, however, it is important to keep in mind your patient population and payer mix to avoid an expense that does not benefit your patients or practice.Read Article
Choosing Between Self-Distribution and Outsourcing in Non-Acute Care Settings
When a health system acquires non-acute facilities, materials management has a challenge on its hands. Adapting processes designed for acute-care hospitals to the unique needs of ambulatory care facilities requires flexibility and often, a willingness to change course. Outsourcing non-acute distribution can offer a potentially cost-saving solution.Read Article
The Key to Health System Sustainability? Evolving Your Non-Acute Cost Structures
Forward-thinking organizations are testing creative ways to position themselves to take on industry-wide challenges. Executives from integrated health systems, academic medical centers and post-acute care groups nationwide shared four ways their organizations are evolving ambulatory cost structures to capture greater market share and lower operating costs during a leadership forum hosted by McKesson Medical-Surgical at Becker’s Hospital Review 9th Annual Meeting in Chicago.Read Article