Wednesday, March 28, 2018 Uncategorized No comments
Health systems must decide which hospitals should be targeted and how quickly price reductions can be implemented. These systems are beginning to establish strategic pricing directives that deal explicitly with outpatient pricing at their individual hospitals. These systems have two critical decisions: which hospitals should be targeted and how quickly price reductions can be implemented. In ou...
Tuesday, March 20, 2018 Uncategorized No comments
  The 2017 State of the Hospital Industry published by Cleverley and Associates shows a dramatic difference between the Bureau of Labor Statistics reported values for hospital cost inflation when compared to actual payments received by hospitals when all payers, including government are included. During the period 2010 to 2015, the BLS reported average annual inflation rates for hospital ...
Wednesday, January 31, 2018 Uncategorized No comments
Comparative Benchmarking is crucial to any business. Comparative reference points give you a place to start measuring your success, as well as goals to reach for in the future. You can compare your hospital’s success against your own past, of course, but that won’t tell you if you’re getting left behind by your competition. Benchmarking helps answer important questions like how am I doing in my...
Monday, April 02, 2018 Uncategorized No comments
Hospital executives are facing more pressure to reduce prices and payments as more customers compare their options, especially in certain outpatient services – surgery, imaging, and lab. Commercial margins for outpatient procedures tend to be higher, and changing them can create a lot of financial pressure. Because of this pressure, many hospitals have abandoned minor outpatient surgery  depart...
Monday, October 09, 2017 Uncategorized No comments
The first step is to understand your position. One of the things that can be very harmful is when a hospital tries to shave costs in an area where they are already efficient. That can be detrimental to both the hospital and patients. The first critical pieice is to understand a hospital’s performance and find the places where they have an opportunity to reduce costs. Once you find an area with ...