Intermountain’s Financial Planning Tool Helps Switch from Annual Budgets to Rolling Forecasts

March 14, 2022

Intermountain Healthcare has a reputation for being an innovative health system, with caregivers and IT leadership always looking for ways to grow its footprint and expand options for patients to receive care in their preferred setting, whether virtual or in-person. This mission applies to Intermountain’s hospitals, medical groups, clinics and its health plan, SelectHealth.

Controlling Labor Costs Can Provide Hospitals Financial Stability During Pandemic - 4 - Retheme

June 2, 2020

In the history of America’s healthcare system, there has perhaps been no bigger disruptor to hospital finances than COVID-19, which has strained resources and shut down service lines. Telehealth reimbursement waivers have provided a fiscal lifeline for struggling organizations, but for some, more is needed. That’s where examining and re-thinking labor costs come into play.

Using Time-Driven Costing to Crack the Code on Cost

June 4, 2020

The need to reduce costs is driving up demand for accurate price information and traditional costing methodologies such as RVUs are falling short.

Join this elite group of industry leader for a conversation about how Time-Driven Costing (TDC™) can not only improve the accuracy of costs but also provide valuable insights into labor utilization and variation that can ultimately lead to cost reduction opportunities.

During the discussion, you’ll learn:

HFMA-Strata L7 Cost Accounting Adoption Model (L7®) Overview

August 26, 2019

L7 allows healthcare organizations to assess their current state relative to available costing methodologies and provides a road map for their strategic needs. This eight-stage model assesses organizations by measuring the adoption and utilization of advanced cost accounting methods, including capabilities like Time-Driven Costing™. As an organization moves up the model, they acquire more sophisticated costing processes and workflows and more meaningful output.

Driving a Successful Margin Improvement Program

September 25, 2020

Implementing new software across an organization is never easy. Finance leaders will discuss their approach to driving a strong margin improvement program and how IT and Finance have partnered to achieve success.

Learning Objectives:

  • Learn how to create a partnership between IT and Finance
  • Understand how other organizations approach the process of implementing a successful margin improvement program

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