Weekly News Roundup: July 19, 2019

 

Healthcare Cost-Per-Case

Health systems are facing increasing pressure to deliver cost savings. Tackling healthcare cost-per-case projects can produce significant wins and cost reduction opportunities. In this week’s news roundup: how healthcare cost-per-case improvements deliver big bottom-line savings; sepsis treatment costs shoot up $1.5 billion for hospitals over three years; cost-accounting-adoption-slow-decades-now-hyper-speed; and, hospital leaders see clear ROI for supply chain analytics, but most use outdated processes.

How Healthcare Cost-Per-Case Improvements Deliver Big Bottom-Line Savings

With the rising costs of healthcare and the continued pressure to lower costs, health systems are facing more pressure than ever to deliver cost savings. Many organizations have turned their attention to cost-per-case as an area for potential financial improvements, but many struggle to know where to start when looking for cost reduction opportunities. Read More

Sepsis Treatment Costs Shoot up $1.5 Billion for Hospitals Over Three Years

The cost of treating patients who develop sepsis in the hospital rose by 20 percent in just three years, with hospitals spending $1.5 billion more last year than in 2015, according to a new analysis. Read More

Cost Accounting Adoption, Slow for Decades, Now at Hyper Speed

Every month, UPMC’s top brass gathers to study three very important green, red, and blue squiggly lines that bounce up and down and up again across the length of several charts. The lines represent the academic health system’s “cost per” unit in key areas. Read More

Hospital Leaders See Clear ROI for Supply Chain Analytics, But Most Use Outdated Processes

Hospital executives say that better supply chain management can increase margins by more than 1 percent and the return on investment for supply chain analytics is clear, according to a new survey. At the same time, most hospital leaders are not investing in supply chain operations as their top priority and are using outdated processes. Read More