HealthLeaders Media Finance - April 4, 2011 | Hospitals' Lean Journey Starts with Baby Steps View as a Webpage | Subscribe for Free
Hospitals' Lean Journey Starts with Baby Steps
Karen Minich-Pourshadi, Senior Editor

Hospitals and health systems considering a Lean or Six Sigma approach to bolster margins while reducing cost quickly come to understand: Improvements to billing and collections processes don't come easy, but small steps can lead to a big payoff. [Read More]

  April 4, 2011

Editor's Picks
Don't Forget Energy When Cutting Costs is a Priority
Lately, when CEOs are asked to boil down the biggest challenge they face in coming years, the first words out of their mouths are almost always the same: "We've got to find new ways to squeeze cost out of the system." Here's an idea: Look at energy costs. [Read More]
6 Ways to Improve Patient Transfers to AMCs
Although academic medical centers have seen an 18% increase in transfers from community hospitals into their facilities over the past three years, the mortality rate for transferred patients has actually declined. [Read More]
3 Words Could Increase Drug Costs By $1.2B Annually
Forget taxing smokers and the obese. The real savings in drug costs is hidden behind three little words: 'dispense as written.' These are orders used by some physicians to avoid the generic equivalent of brand name drugs. [Read More]
Rounds: Patient-Centered Accountable Care
Patient-centered healthcare IS accountable care—accountable for quality, for value, and for patient satisfaction. Join us on April 27 live from Griffin Hospital and Planetree, recognized pioneers in patient-centered care, with more actionable strategies from invited thought leaders at Sharp Memorial and the Maine Patient-Centered Medical Home Pilot. [Read More]
Rounds: Neurological Service Line Growth: Telestroke & Brain Tumor Innovations
Neurological service line success is all about managing the collision of technology, research, and care coordination. Get strategies for managing the collision on May 18, live from Barrow Neurological Institute with invited thought leaders from St. John Providence Health System and St. Luke Hospital. [Read More]
Finance Forum
5 Ways to Maximize Profitability in Contract Negotiations
When providers are armed with the right information and resources, they can turn the negotiations around to capture all revenue rightly owed to them by payer organizations. Modeling technology, training investments, and financial forecasting are make-or-break process points to consider.

[Read More]
Sponsored Headlines
Case Study: Mayo Clinic helps radiologists pinpoint potential problems : Mayo Clinic transforms the way it processes and interprets medical imaging results to enable more accurate detection. Powerful algorithms pinpoint potential problem areas within medical images and flag them based on the probability of abnormality. This process transformation increases diagnostic sensitivity for detection of brain aneurysms through intelligent flagging of high-risk areas.

Case Study: University College London Hospitals: UCLH had to adhere to the 18wkRTT requirements stated by the U.K. government. The BPM based Patient Tracking System (PTS) enabled them to better manage their clinical pathways and resources and also help improve patient experience by reducing uncertainty in the scheduling of treatments.

Discover, Interact, and Optimize for Smarter Healthcare with BPM Powered by Smart SOA: This IBM® RedguideTM describes one of the most significant challenges in healthcare today: the need for healthcare providers to effect patient care positively and proactively in the face of increasing patient load and information overload. IBM WebSphere® business process management (BPM) powered by smart service-oriented architecture (SOA), or BPM powered by Smart SOA, has the potential to maintain the medical common body of knowledge. It also makes critical, current data available to practitioners in a manner that is consistent with the evidence-based, event-driven environment to which healthcare aspires. BPM powered by Smart SOA can also automate healthcare provider administrative and care delivery processes.

Finance Headlines
Individual stories a new weapon in fight over healthcare law
The Washington Post, April 11, 2011
Henry Ford Health System made $60M in 2010
Detroit Free Press, April 8, 2011
SC Gov signs bill cutting Medicaid payments Press, April 8, 2011
Roundup: ACO Proposed Rules Fuel Uncertainty
HealthLeaders Media, April 8, 2011
CBO: Seniors would pay much more for Medicare under GOP plan
McClatchy Newspapers, April 7, 2011
Why the feds plan to fine poor performing hospitals
The Guardian, April 7, 2011
Patient-Centered Accountable Care
April 27, 2011
Neurological Service Line Growth: Telestroke & Brain Tumor Innovations
May 18, 2011
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From HealthLeaders Magazine
Reform Sharpens Focus on Quality Outcomes
The ability to achieve and demonstrate quality outcomes is becoming increasingly important. [Read More]

Deep Insight:

Service Line Management
Hospitals Waking Up to Sleep Centers
Hospitals are awakening to a growing market for sleep disorders, particularly sleep apnea linked to pulmonary conditions. And while CMS has reduced reimbursements for general sleep study programs, it has opened the door for funding for diagnosis of sleep apnea. [Read More]

Money Talk

Who's Up and Who's Down?

Sheridan Healthcare, Sunrise, FL
Rating: B
Outlook: Positive
Affected Debt: $160 million
Agency: Standard & Poor's Ratings Services
Remarks: Physician outsourcing provider Sheridan Healthcare Inc. will be using funds from a proposed $160 million incremental term loan B to fund acquisitions. S&P affirmed a B corporate credit and existing issue-level ratings. The outlook was revised to positive from stable, reflecting the company's more disciplined financial policy.
Audio Feature

Diana Petitti: Taking an Evidence-Based Approach to Public Health:
Diana Petitti is a strong proponent that the healthcare industry needs to constantly reevaluate its practices and treatments in light of new evidence. But changing the status quo is often easier said than done, she has learned firsthand. [Listen Now]
Sponsor HealthLeaders Media Finance

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