Posts Tagged ‘Value’
Getting the Most out of End of Year Vendor Negotiations
Vendor negotiations can be intimidating, especially when you’re pushing for increased discounts. However, things get easier the more leverage you [...] Read More »
Emerging Market: Low-cost, Core Functionality Angiography Solutions
Hospitals continue to look for creative ways to ensure they are still providing top-level healthcare to their patients, but trying [...] Read More »
Worried It’s Skin Cancer? There’s an App for that
Worried that unusual looking spot may be skin cancer? Put your fears at ease. Researchers at the University of Michigan [...] Read More »
Value-Based Purchasing Comes to Healthcare
Although value and quality may be an old cliché that always turns up in car ads, for a patient paying the bill, shouldnt they have the same mindset for a new knee or hip that costs as much as a car? Starting Oct. 1, 2012, CMS will institute the national hospital value-based purchasing (VBP) program as mandated by the Patient Protection and Affordable Care Act (PPACA). Its amazing how some hospitals really get the connection that technology can have a large impact on value and patients outcomes. Read More »
Value of Healthcare IT
As Dr. Skiba said, the basic goal of IT is improving outcomes and reducing waste. Considering healthcare wastes $1.2 trillion every year, there is lot of potential for savings. One recent study placed an emphasis on direct operational savings, which were seen in reduced medical records and better charge capture and coding ($210 billion). Read More »
Value: An Old Term with New Incentives
Years ago, revenue and safety were the primary factors in the budget process. Although these are still important, there is now a lot of gray area between the two, which has made the process more difficult over the years. Mr. John Burke, senior vice president and CFO at Nyack Hospital stated, When it comes to making a decision, there is not one particular factor that we base our decision on. It is a combination of value, price, and technology. Large requests also need a business plan to help support the process. Read More »
Controlling the High Cost of Implants
Cardiology and orthopedic implants can make up 20 to 40% of the cost of a therapy, which makes a big impact on the procedures margins, especially in todays capitated reimbursement environment. As a result, hospitals are looking for tools to help control these costs. I recently surveyed CFOs, physicians, and buyers on what a provider can do to bring these costs under control, and a wide range of ideas emerged, ranging from more information on comparative technology to specific detail on targeted pricing. Read More »
How Much Value does Technology Bring?
Innovative technologies have always captured the attention of both physicians and informed patients. Historically, the drive for increased revenue has been a determining factor for new capital purchases. While surveying administrators responsible for the capital budget process, the term �value� appeared as the common denominator. However, I also found that while hospitals have different missions, the world �value� can also have different meanings. Read More »