Physician preference items or physician driven spend is a significant driver for hospitals. Hospitals should aim to work together with their physicians, not just work with them when the need arises. Three obstacles are observed when hospitals begin the initiative
Have you thought about hospital costs trends in 2022? There are 6 emerging hospital costs trends you should watch in 2022 and beyond. The Covid-19 pandemic is undoubtedly the most significant challenge the healthcare system has faced in living memory.
Implementing changes to improve your cost structure to realize savings must be a priority for healthcare leaders. As the US stands on the cusp of a new era of price transparency, healthcare costs rose to $3.6 trillion in 2018[1], while
To ensure that costs are managed effectively, your hospital must adopt robust strategies and learn how to manage your IT healthcare spend. Technology has the potential to drive healthcare forward, make it more accessible, improve operational efficiencies and enable your
Physician preference items (PPIs) are often comprised of the most expensive products ordered by hospitals and can have a negative impact on your hospital’s operating margins. In this blog, I outline 5 key steps to physician preference item optimization. The
Understanding the clinical, financial and operational terms is the second of the four mission critical components essential to manage your outsourced agreements and identify vital cost savings for your hospital. Most of the time, we find that hospitals instinctively want
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