Search Tag: cost savings

Lab Management

Measures-to-reduce-unnecessary-laboratory-testing

2014 06 Nov

According to several studies presented at the American Society for Clinical Pathology (ASCP) 2014, educating healthcare providers about the usefulness of laboratory tests could significantly reduce unnecessary testing and could eventually result in improved patient care at a lower cost to labs. The investigators report that there was a 75 percent...Read more

Executive Health Management

Headache-treatment-should-include-lifestyle-counselling

2015 12 Jan

More than 12 million Americans annually visit their doctors complaining of headaches. Researchers at Beth Israel Deaconess Medical Center in Boston found that clinicians ordered advanced imaging tests and provided specialist referrals for their patients suffering from headaches instead of talking with them about the pain and advising them about lifestyle...Read more

Executive Health Management

Aco-model-shows-smaller-medicare-spending-growth

2015 04 May

The Pioneer Accountable Care Organisation (ACO) Model has helped curb increases in total Medicare expenditures of ACO-aligned beneficiaries, resulting in savings of about $385 million in its first two years of implementation, according to a study published online in JAMA . The Pioneer ACO Model was launched by the Centers for Medicare & Medicaid...Read more

IT Management

Telemedicine-reduces-cost-of-care

2015 25 May

An UC Davis study has shown that compared to telephone, paediatric telemedicine consultations produced significant cost savings while improving quality of care. Telemedicine systems may be expensive to install and maintain, but they more than pay their way, saving an average $4,662 per use, researchers say. The findings are reported in the journal...Read more

Executive Health Management

Green-hospitals-for-reduced-power-bills-1

2015 26 May

Focusing on ways of reducing power consumption through green energy production methods is one key way of reducing the bills for a fixed hospital cost. According to Becker’s Hospital Review, what used to fall under the category of expensive trend is now becoming a necessity as health facility operators seek ecological ways of economising, especially...Read more

Executive Health Management

5-hospital-benefits-of-patient-centred-care

2015 09 Jun

The patient-centred care model benefits patients who become more empowered and receive better care. More than a trend, industry experts and policy advocates everywhere have touted it as the strategy that will fix the healthcare system once and for all, according to Richard Kimball Jr., a financial executive with deep proficiency in the healthcare industry...Read more

IT Management

Bespoke-software-program-cuts-costs

2015 20 Sep

With increasing emphasis on value-based care, hospitals are coming under pressure to find ways to optimise staff and resource utilisation that leads to improved care quality and cost reduction. To save costs, hospitals must first find out exactly how much they are spending. A bespoke software program has helped the University of Utah Healthcare with...Read more

ICU Management

Study-ed-icu-collaboration-reduced-sepsis-mortality-costs

2015 23 Oct

Close collaboration between the emergency department (ED) and intensive care unit (ICU) and standardised ICU admission criteria for patients with sepsis can significantly reduce mortality rate and care costs, according to new research published in CHEST Journal. "Although ICU level of care is costly, earlier inclusion of borderline patients may improve...Read more

ICU Management

Restricting-chest-x-rays-in-the-icu-is-cost-effective

2015 25 Oct

In the intensive care setting, a restrictive approach to ordering chest x-rays can provide positive outcomes, according to a study from Mount Sinai Beth Israel, in New York, NY. Results found that a restrictive approach led to large decreases in total chest x-rays (CXRs) ordered, correcting for both total number of patients and ventilator days. A restrictive...Read more

IT Management

Virtual-tools-save-billions-in-primary-care

2015 29 Oct

A new report from Accenture suggests that use of virtual health technology can lead to annual savings of $10 billion in primary care costs, as well as allow treatment of more patients without the need to train more doctors. While technology has greatly improved productivity rates for many industries, healthcare has made no such strides in two decades,...Read more

IT Management

Decoding-patient-cost

2016 19 Jan

The University of Pittsburgh Medical Center (UPMC) has formed a strategic partnership with Health Catalyst to develop and commercialise a hospital-based costing analysis solution. The two organisations will combine expertise and technologies to help health systems solve one of their most pressing problems — how to measure the true cost of healthcare...Read more

Executive Health Management

Coaching-patients-for-surgery-lowered-stays-saved-money

2017 15 Apr

Patients entering the hospital can often benefit if they prepare their mind and body beforehand. This can be achieved through minor adjustments to diet or mental health and could result in patients going home sooner and saving both hospitals and insurance companies significant amount of money. See Also : Patient Engagement and Profit Improvement...Read more

Executive Health Management

4-reasons-why-healthcare-management-should-focus-on-ai-in-radiology

2019 21 May

It is not uncommon that healthcare management teams are heavily pressed for time. Why should they put AI solutions for their radiology department on their priority list? In this blog post, we propose 4 reasons why board members of hospitals and private clinics should put AI in radiology on their agenda and develop a strategy for incorporating AI solutions....Read more

Executive Health Management

Alcohol-based-scrubbing-potential-for-savings

2020 03 Mar

Eliminating water from presurgical hand preparation and instead adopting exclusive use of alcohol-based hand scrub may save modern health care facilities millions in costs and potentially conserve water resources.   You may also like : Robots Cut C.difficile Transmissions   A new study ( Javitt et al. 2020 ) found that at a...Read more

Executive Health Management

The-impact-of-machiavellian-leadership

2022 06 Jun

According to a new study published in the Strategic Management Journal, companies with Machiavellian CEOs have net savings of 6.6% on firm costs compared to those that do not. The study authors note that leaders with Machiavellian personalities tend to excel in stressful, uncertain and unstructured situations and have a high degree of face-to-face...Read more

Health Management

Cost-savings-through-zero-preventable-deaths

2023 30 Aug

Instituting patient safety practices will save lives and healthcare dollars. We are proud of our healthcare experts; it is the system that needs to be fixed, and we can do that! We can create a system where safe, high-quality healthcare is delivered to every patient every time. Healthcare must become a high-reliability organisation, and this starts...Read more