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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Guiding The Culture Change When Adopting Dynamic Planning

February 9, 2021

In this session, hear from finance leaders at peer hospitals as they share lessons learned and advice for leading your organization to adopt Dynamic Planning. Listen as these leaders outline their strategies for driving change to the financial planning process within their organizations, walking through both pitfalls and successes they encountered in the process.

Learning Objectives:

How to Integrate Pharmacy Acquisition Cost Data (Without the Help of Your EMR) - 3 - Retheme

October 13, 2020

Learn how organizations participating in the 340b program are automating existing reports from their accumulator system to populate accurate 340b and GPO acquisition costs directly on patient drug charges in StrataJazz. For entities not eligible to participate in 340b, we’ll explain why drug prices may be inaccurate in your EMR today and how we can work around those issues to calculate charge-level WAC and GPO prices in StrataJazz by leveraging a standard drug price catalog.