Archive for May, 2012

Saving Millions: How One Hospital Did It

May 24 2012

Needing to find $2.5 million in savings over the course of two years, St. Joseph Hospital in Nashua, NH looked to their Operational Efficiency Committee for answers. Utilizing their iVantage Health Benchmarks and Action Plans the hospital saw huge cost improvements across numerous departments, as well as vastly improved metrics throughout the facility.

The Importance of Being Focused. And Earnest.

May 14 2012

To improve healthcare value – that is, provide the very best possible care for the dollar spent – hospitals and healthcare systems must have baseline measures of cost, quality and value. In addition, they need to compare their performance on these parameters against other hospitals in their market and across the nation.

Bundled Payments – Key Strategies for Hospitals

May 10 2012

Bundled Payments, a CMS initiative, allows hospitals to define an episode of care and receive a single, or “bundled” payment for the multiple services provided more »