A comprehensive guide to enabling time-driven costing for your organization

July 10, 2020 problem Quantify Impact of Improved Quality of Care While healthcare organizations have long believed that higher quality amounts to lower cost, quantifying the impact of...

December 22, 2021 problem Leadership Lacked Forum to Engage Stakeholders on Performance Variances Hospitals and health systems have historically spent countless hours across their...

December 22, 2021 problem Organizations Struggle to Engage Physicians in Cost and Quality Efforts Hospitals across the country are focusing their efforts on cost containment as they...

May 26, 2020 problem Leaders Need Data to Understand Performance Most health systems struggle to get relevant, timely information to department leaders and executives to enable data...

April 21, 2021 problem Leadership Lacks Forum to Engage Stakeholders on Performance Variances To address financial performance variance and develop strong resolution plans...

December 7, 2021 problem Thin Margins Have Made Community Hospitals Vulnerable to Acquisition Following the global pandemic of COVID-19, hospitals and health systems across the country...

September 16, 2022 problem Organizations Lack Structure and Buy-In to Commit to Variation-Based Cost Savings Initiatives Hospital leaders are facing many new and complex challenges...

July 10, 2020 problem High Premium Pay Spend Leads to Higher, Unnecessary Costs In the time of an unforeseen crisis and global pandemic COVID-19, this Midwestern health system knew that...

Hospital and healthcare leaders need the right decision support tools and a decision support system (DSS) that can help drive their shared goal: to provide high quality care.

For the past half-century, several types of key software have powered financial and clinical decisions at healthcare organizations in the U.S. Coinciding with the rise of electronic health records (EHRs) and electronic medical records (EMRs) in the 1980’s and early 1990’s, healthcare organizations began to look for ways to leverage and unify their new wealth of data for insights and information.

Cost containment in healthcare has always been a top concern for hospitals, especially in recent years due to unexpected events and changes in the market. Before jumping into the hospital cost containment strategies that healthcare leaders have used to weather these storms, we need to understand what hospital cost containment truly is.