While “reducing costs” sounds like a straightforward task, it’s not so simple, as organizations can’t sacrifice outcomes for the sake of savings. To achieve true value, leaders must find ways to improve outcomes without raising costs.
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