Almost all hospital executives responding to a recent survey said that their organizations should be doing more to leverage financial and operational data to inform strategic decisions. Learn more.

Benchmarking is “comparing one’s business processes and performance metrics to industry bests and best practices from other companies’." It’s a time-honored practice and adds value by...

To truly make an impact on financial performance, healthcare leaders must be able to analyze their performance across all levels.

Focusing higher-intensity costing methods on high-impact areas creates efficiency and ensures stakeholders that their time is being spent on efforts of value to the organization.

When it comes to evolving payment models, CFOs have an opportunity to revamp their playbook for strategic decision making—and drive big wins.

The challenges faced by hospitals and health systems on multiple fronts are significant and well documented. The business environment is exceedingly demanding for management teams as...

Many organizations have an opportunity to address a difficult-but-essential element of cost transformation: reducing inappropriate clinical variation. Hospital and health system...

Physicians recognize the need to use clinical data to identify clinical variation that adds cost without enhancing quality of care. At the same time, physicians need a high level of confidence in how data are gathered, analyzed, and deployed.

Successful use of comparative analytics requires high-quality data, technology, and often cultural shifts. The lack of good data and insight into costs and where savings opportunities exist continues to be the top-cited impediment to cost transformation, according to Kaufman Hall’s latest survey.

Data and analytics are no longer “nice-to-have” tools; rather, they underpin an organization’s ability to achieve high-value care, defined as patient-centric care with improved quality and outcomes, at lower costs.

Kaufman Hall Vice President Jay Spence discusses controlling labor costs while ensuring high-quality care in this article in the May 20, 2016 issue of Healthcare Finance.

Hospital and health system executives benefit from having processes in place that help ensure capital allocation decisions align with strategic goals.