Cost management healthcare

Examining Patient FlowDecrease delays and wait timesImprove room turnaround timesPreserve staff resourcesEnsure maximum occupancy for every hospital 

Do you need a new approach to medical cost management?

Today's market requires a new approach to medical cost management.
Learn about common pitfalls and five program must-haves.
Even for an industry accustomed to complexity, today’s health insurance landscape is unusually challenging.

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How do costing methods help manage care paths?

Sophisticated costing methods that allocate both direct and indirect costs to care paths were seen as able to provide valuable managerial information by facilitating care path adjustments (39), benchmarking (38), the identification of cost drivers (47) and the measurement of total costs or cost savings (26).

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How do medical cost management plans work?

Instead, plans need to deploy a continual medical cost monitoring and action-planning process that identifies the most important cost categories to be addressed (by line of business) and aligns the most effective cost control lever to achieve impact.

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Why is cost management important for health insurers?

This is especially true in payers’ ACA, Medicaid, and Medicare lines of business.
Over the past several years, these lines of business attracted riskier populations than expected and payers experienced steep losses.
This led many health insurers to seek aggressive cost-management strategies.

Healthcare transport is the systematic process by which patient- and business-critical materials, such as patient specimens, pharmaceuticals, supplies and medical records are transported to and from multiple touch points within healthcare organizations.

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