To bridge the gap between understanding costs and intelligently reducing them, you must analyze the full range of physician activities. 

Drawing on the experience of real-world examples, this on-demand webinar explores the unique aspects of provider costing and decision support to help healthcare organizations fully cost and report on the performance of their medical groups.

Lowering healthcare costs begins by understanding the actual cost of delivering care. This is particularly difficult for Surgery Departments, where variations in physician preference items (PPIs), poor availability of low-cost, high-efficacy alternatives for implants and other surgical needs, and evolving surgical techniques complicate the calculation and management of costs.

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 indicating how you stack up against your peers and competitors. Benchmarking can tell you if similar processes take your organization longer or use more resources. Do patients wait longer at your facility than at similar facilities? How do your costs compare?

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 they reposition their organizations for strategic growth, competitive differentiation, and sustained financial health.