Posts Tagged ‘Healthcare Costs’

Infographic: Reducing Healthcare Supply Chain Expenses

October 25th, 2017 by Melanie Matthews

The pressure on hospitals and health systems to simultaneously improve quality and reduce costs will only intensify, no matter the outcome of healthcare reform, according to a new infographic by Navigant.

The infographic examines the substantial savings opportunities within the healthcare supply chain.

Healthcare Trends & Forecasts in 2017: Performance Expectations for the Healthcare Industry Not in recent history has the outcome of a U.S. presidential election portended so much for the healthcare industry. Will the Trump administration repeal or replace the Affordable Care Act (ACA)? What will be the fate of MACRA? Will Medicare and Medicaid survive?

These and other uncertainties compound an already daunting landscape that is steering healthcare organizations toward value-based care and alternative payment models and challenging them to up their quality game.

Healthcare Trends & Forecasts in 2017: Performance Expectations for the Healthcare Industry, HIN’s 13th annual business forecast, is designed to support healthcare C-suite planning during this historic transition as leaders prepare for both a new year and new presidential leadership.

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Infographic: U.S. Healthcare Spending

August 16th, 2017 by Melanie Matthews

Total healthcare spending is expected to rise to one-fifth of the U.S. economy by 2025, according to a new infographic by the Peterson Center on Healthcare.

The infographic drills down on U.S. healthcare spending trends as well as the impact of unnecessary and ineffective spending.

HIN’s Healthcare Benchmark Series provides continuous qualitative data on industry trends to empower healthcare companies to assess strengths, weaknesses and opportunities to improve by comparing organizational performance to reported metrics.

Details about HIN Benchmark resources:

  • Feedback from 1,000 respondents annually;
  • Thousands of sector-specific data points, sorted by hospital, health plan and provider;
  • Year-over-year data analysis;
  • 8 to 10 trending topics annually.

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Infographic: Payer-Provider Partnership Trends

May 3rd, 2017 by Melanie Matthews

Partnered-products are gaining favor with payers and providers, and the value-based environment is pushing players to explore new ways to control total cost of care, according to a new infographic by Oliver Wyman.

The infographic provides an up-to-date look at market-wide and nationwide trends in payer-provider partnerships.

Positioning for Value-Based Reimbursement: Leveraging Care Management for Clinical and Financial OutcomesWhile others wait for the healthcare industry to complete its transition to value-based reimbursement, Bon Secours Medical Group has already aligned itself with payment reform, leveraging its care team and providers and automating workflows to enjoy immediate rewards from its patient-centered approach.

Positioning for Value-Based Reimbursement: Leveraging Care Management for Clinical and Financial Outcomes describes how this 600-provider medical group has primed its providers to employ a broad mix of team-based care, technology and retooled care delivery systems to maximize quality and clinical outcomes and reduce spend associated with its managed patients.

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Infographic: Connecting the Triple Aim and Supply Chain Management

August 17th, 2016 by Melanie Matthews

Supply chain processes that support caregivers as well as the products that are selected and sourced directly and indirectly impact patient safety and patient satisfaction, according to a new infographic by the Association for Healthcare Resource and Materials Management.

The infographic examines how supply chain management aligns with the Institute of Healthcare Improvement’s Triple Aim.

Pursuing the Triple Aim: Seven Innovators Show the Way to Better Care, Better Health, and Lower CostsWritten by the President and CEO of the Institute for Healthcare Improvement (IHI) and a leading healthcare journalist, this groundbreaking book examines how leading organizations in the United States are pursuing the “Triple Aim”: improving the individual experience of care, improving the health of populations, and reducing the per capita cost of care.

Pursuing the Triple Aim: Seven Innovators Show the Way to Better Care, Better Health, and Lower Costs shares compelling stories that are emerging in locations ranging from Pittsburgh to Seattle, from Boston to Oakland, focused on topics including improving quality and lowering costs in primary care; setting challenging goals to control chronic disease with notable outcomes; leveraging employer buying power to improve quality, reduce waste, and drive down cost; paying for care under an innovative contract that compensates for quality rather than quantity; and much more. The authors describe these innovations in detail, and show the way toward a healthcare system for the nation that improves the experience and quality of care while at the same time controlling costs.

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Infographic: 4 Ways Ambulatory Surgery Centers Control Costs

August 15th, 2016 by Melanie Matthews

Ambulatory Surgery Centers (ASCs) are helping to keep healthcare costs down—reducing the cost of outpatient surgery by over $38 billion per year in the United States by providing a lower cost site of care compared to hospital outpatient departments, according to a new infographic by SourceMed.

The infographic looks at the four ways that ASCs reduce costs.

Bundled Payments for Post-Acute Care: Profiting from Alternative Payments and Clinical Redesign A desire to position itself at the forefront of healthcare payment reform and be a catalyst for clinical redesign are two factors driving Brooks Rehabilitation’s participation in Model 3 of CMS’s Bundled Payments for Care Improvement (BPCI) initiative.

Today, having completed more than 1,000 bundled episodes for total hip replacements, total knee replacements and hip fractures, Brooks has reduced cost by 19 percent per episode, lowered readmissions to about 15 percent across its 60-day time frame, registered a patient satisfaction level of 94 percent and documented significant functional improvement.

Bundled Payments for Post-Acute Care: Profiting from Alternative Payments and Clinical Redesign examines the four domains of success of Brooks’ Complete Care program supporting the organization’s bundled payment clinical outcomes and financial results.

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Infographic: Diabetes Drug Costs

August 17th, 2015 by Melanie Matthews

Primarily because of escalating drug costs, spending on insulin and other diabetes medications is expected to rise 8.3 percent over the next three years, according to a new infographic by the Alliance of Community Health Plans.

The infographic examines the percent increase of diabetes drug costs over the past five years and how this is impacting healthcare consumers, employers, healthcare providers and payors and the federal government.

Remote Monitoring of High-Risk Patients: Telehealth Protocols for Chronic Care ManagementReal-time remote management of high-risk populations curbed hospitalizations, hospital readmissions and ER visits for more than 80 percent of respondents and boosted self-management levels for nearly all remotely monitored patients, according to 2014 market data from the Healthcare Intelligence Network (HIN).

Remote Monitoring of High-Risk Patients: Telehealth Protocols for Chronic Care Management profiles a successful eight-year initiative by New York City Health and Hospitals Corporation’s (NYCHHC) House Calls Telehealth Program that significantly lowered patients’ A1C blood glucose levels.

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Infographic: Medicaid Managed Care

August 5th, 2015 by Melanie Matthews

Medicaid health plans now serve more than 43.5 million low income individuals – nearly 66 percent of total Medicaid enrollment–and a growing body of research finds the tools and techniques they use show great promise in achieving better outcomes for Medicaid beneficiaries and cost savings for states.

A new AHIP infographic examines how Medicaid managed care plans are improving quality and promoting value as well as the type of cost savings these plans are delivering to states.

Dual Eligibles Care and Service Planning: Integrative Approaches for the Medicare-Medicaid PopulationTo locate, stratify and engage dual eligibles, Health Care Services Corporation (HCSC) takes a creative approach, employing everything from home visits to ‘street case management’ to coordinate care for Medicare-Medicaid beneficiaries.

Dual Eligibles Care and Service Planning: Integrative Approaches for the Medicare-Medicaid Population describes HCSC’s innovative tactics to engage this largely older adult and disabled population in population health management with support from a range of community partners and services.

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Infographic: Standardization, Collaboration Across Care Teams Improves Care Quality

August 3rd, 2015 by Melanie Matthews

Failures in care coordination can increase healthcare costs by between $25 and $25 billion annually, according to a new infographic by Elsevier.

The infographic examines the impact of poor care coordination on the patient experience and healthcare costs and how healthcare organizations can address this challenge.

Care Coordination of Highest-Risk Patients: Business Case for Managing Complex Populations Asked by its C-suite to quantify contributions of its multidisciplinary care team for its highest-risk patients, AltaMed Health Services Corporation readily identified seven key performance metrics associated with the team. Having demonstrated the team’s bottom line impact on specialty costs, emergency room visits, and HEDIS® measures, among other areas, the largest independent federally qualified community health center (FQHC) was granted additional staff to expand care management for its safety net population.

Care Coordination of Highest-Risk Patients: Business Case for Managing Complex Populations chronicles AltaMed’s four-phase rollout of care coordination for dual eligibles—a population with higher hospitalization and utilization and care costs twice those of any other population served by AltaMed.

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Infographic: Quality Improvement Results from Colorado Hospitals

February 23rd, 2015 by Melanie Matthews

Colorado hospitals and health systems, participating in a three-year quality improvement project led by the Colorado Hospital Association (CHA), prevented 2,800 patient harms for an estimated cost savings of $14.8 million. The results are based on data collected from 32 acute care hospitals from January 2012 through June 2014.

A new infographic by CHA breaks down each of the 11 areas targeted for improvement and the impact these improvements had on healthcare utilization and costs.

Value-Based Reimbursement Answer Book: 97 FAQs on Healthcare Models, Measures and MethodologyIf one trend has transformed the healthcare industry post-ACA more than any other, it is the market’s new business model rewarding value over volume.

Value-Based Reimbursement Answer Book: 97 FAQs on Healthcare Models, Measures and Methodology provides a framework for healthcare’s new value proposition, with advice from thought leaders steeped in the delivery and reimbursement of value-based care.

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Infographic: Inefficient Health Communications

January 30th, 2015 by Melanie Matthews

Inefficient communication in the healthcare setting can waste healthcare providers’ precious time during all facets of a patient encounter, according to a new infographic by imprivata.

The infographic looks at the average time wasted with inefficient communication tools during the patient admission and transfer processes and for an emergency response team, as well as the annual cost of this inefficiency.

Blueprint for a Medical Neighborhood: Building Care Coordination Between Specialists and PCPsWhile addressing the needs of individual patients, a medical neighborhood also encompasses population health and overall community health needs. Almost 31 percent of healthcare organizations actively engaged in population health management initiatives belong to a medical neighborhood, according to 2014 market data on population health management from the Healthcare Intelligence Network.

Blueprint for a Medical Neighborhood: Building Care Coordination Between Specialists and PCPs provides a framework in which to evaluate the patient-centered medical neighborhood (PCM-N) model.

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