REDUCE CARE DELIVERY COSTS

Develop a Successful Cost Management Strategy to Sustain Premium Care Levels

Successful healthcare executives understand the inherent connection between cost and quality, and they are actively striving to improve quality while containing costs. This goal requires long-term strategies with realistic short-term tactics. The HFMA Cost Control Library emphasizes the significance of merging clinical and financial processes to improve patient care and the bottom line. Managers and supervisors will learn proven approaches to initiating process improvements, curtailing supply costs, and scheduling clinical staff to maximize efficiency and maintain quality even when patient volumes vary widely. The combined results can contribute exponentially to the bottom line and help enhance the most significant outcome – adherence to quality patient care.

Impact:

Control Care Delivery Costs

• Identify opportunities to reduce length-of-stay without jeopardizing patient care
  
• Improve productivity to manage labor costs
  
• Measure and monitor outcomes to manage overhead effectively
  
  

Improve Processes

• Understand the keys to successful
  performance improvement
• Implement new processes using the PDCA (Plan Do Check Act) Cycle, the founding quality improvement methodology
• Establish controls and techniques to test and measure new processes, define key benchmarks, and illustrate growing progress
  
  

Features:

• Industry, peer-reviewed training from the industry leader
  
• Complemented by the HFMA Finance Suite and other HFMA content

This library is essential for:

• Orientation programs for new managers and supervisors
  
• Process improvement initiatives
  
• Quality control initiatives

This library supports:

• Professional development programs
  
• Staff retention improvement strategies
  

Courses in Library

• Understanding Performance Improvement Processes
• Process Improvement in Practice
• Enhancing Care and Reducing Costs
• Cutting Labor Costs and Maximizing Efficiency
• Reduce Supply Costs
  

Subject Matter Experts

This course was created by the experts at the Healthcare Financial Management Association.

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