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.
The Four Biggest Cost Accounting Mistakes You Don’t Know You’re Making
Shrinking margins and new reimbursement structures have made better understanding and aggressively managing costs requirements for healthcare provider organizations. This is a daunting task, especially for the many hospitals and health systems that don’t even know if they are making or losing money on service lines or episodes of care. This lack of accurate, reliable cost data is an enormous risk not just to an organization’s bottom line, but also to their ability to deliver on their mission.
That’s why thriving healthcare organizations have strategies in motion to provide better access to more accurate cost data, as well as the ability to drill down into that data at a deeper, more actionable level. Not sure where your organization stands on its cost accounting journey or even where to start? This webinar highlights the four biggest mistakes that providers are making with cost accounting, including simple solutions to these challenging problems.
After This Webinar You’ll Be Able To:
-Describe the industry challenges involving cost accounting
Illustrate how robust cost-accounting data allows healthcare provider organizations to make smarter financial and clinical decisions
Analyze cost-accounting strategies and processes to better understand which are most effective and why
-Improve your understanding of costing methodologies and the need for cost accounting across the entire continuum of care