Improving quality is incredibly important, but it is only half of the story that should be told when it comes to successful initiatives meant to reduce harm. What about cost? Cost is often left out of the success narrative because there has been no good, reliable and valid way to calculate the associated costs to harm events – until now.
Good Quality is More Profitable: Engaging Physicians to Drive Financial Performance
Learn how Yale New Haven Health System embarked on a multi-year journey to benchmark services and identify areas of variation for targeted cost and value improvements. In this session, you’ll evaluate how robust cost-accounting data allowed leaders to see variation related to clinical processes, outcomes, and cost of care. You’ll also identify how quality variation indicators (QVIs) can help finance leaders have meaningful conversations with clinical leaders about quality, not just cost. You also will explore how the health system empowered clinicians to lead their clinical redesign processes and hear lessons learned.
- Identify how QVIs can help finance leaders have meaningful conversation with clinical leaders about quality
- Discuss how to empower clinicians to lead their clinical redesign process
- Learn how to benchmark services and identify areas of variation for targeted cost and value improvements