Achieving Clinical and Operational Excellence: How to Establish Healthcare Service Line Costs

Achieving Clinical and Operational Excellence: How to Establish Healthcare Service Line Costs
Not knowing the clear direction that the healthcare reform initiatives will take over the next several years, healthcare organizations remain under intense pressure to reduce costs and repair inefficiencies. Most organizations understand that to successfully execute, they have to manage cost and key performance measurements across business lines. Yet, few are able to attain this. Healthcare provider organizations find themselves in the middle of market pressures from payers, the government and competing for market share and doctors. The only way to sustain an organization in this financially stimulating environment is to closely manage profitability, which cannot occur without understanding true costs and profit sources. Healthcare organizations that fail to recognize and meet this imperative will find it increasingly difficult to compete and may eventually have to close their doors.

This white paper will address how innovative healthcare organizations are adapting to different service line costing methodologies and to implement a sustainable and supportive model for healthcare costing. Balancing detail and accuracy is critical in deciding on a more efficient model for developing service line costs than traditional costing methodologies. Healthcare organizations need the support of timely and insightful patient-level analysis and the ability to access the right level of detail needed to drive improved performance across their organization.

Download Achieving Clinical and Operational Excellence: How to Establish Healthcare Service Line Costs (.pdf, 262 KB).

Download from eHealthNews.eu Portal's mirror: Achieving Clinical and Operational Excellence: How to Establish Healthcare Service Line Costs (.pdf, 262 KB).

Related news articles:

About Oracle
Oracle is the world's most complete, open, and integrated business software and hardware systems company. For more information about Oracle, please visit http://www.oracle.com.

Most Popular Now

AI Catches One-Third of Interval Breast …

An AI algorithm for breast cancer screening has potential to enhance the performance of digital breast tomosynthesis (DBT), reducing interval cancers by up to one-third, according to a study published...

Researchers Create 'Virtual Scienti…

There may be a new artificial intelligence-driven tool to turbocharge scientific discovery: virtual labs. Modeled after a well-established Stanford School of Medicine research group, the virtual lab is complete with an...

AI also Assesses Dutch Mammograms Better…

AI is detecting tumors more often and earlier in the Dutch breast cancer screening program. Those tumors can then be treated at an earlier stage. This has been demonstrated by...

RSNA AI Challenge Models can Independent…

Algorithms submitted for an AI Challenge hosted by the Radiological Society of North America (RSNA) have shown excellent performance for detecting breast cancers on mammography images, increasing screening sensitivity while...

AI could Help Emergency Rooms Predict Ad…

Artificial intelligence (AI) can help emergency department (ED) teams better anticipate which patients will need hospital admission, hours earlier than is currently possible, according to a multi-hospital study by the...

Head-to-Head Against AI, Pharmacy Studen…

Students pursuing a Doctor of Pharmacy degree routinely take - and pass - rigorous exams to prove competency in several areas. Can ChatGPT accurately answer the same questions? A new...

NHS Active 10 Walking Tracker Users are …

Users of the NHS Active 10 app, designed to encourage people to become more active, immediately increased their amount of brisk and non-brisk walking upon using the app, according to...

New AI Tool Illuminates "Dark Side…

Proteins sustain life as we know it, serving many important structural and functional roles throughout the body. But these large molecules have cast a long shadow over a smaller subclass...

The Human Touch of Doctors will Still be…

AI-based medicine will revolutionise care including for Alzheimer’s and diabetes, predicts a technology expert, but it must be accessible to all patients. Healing with Artificial Intelligence, written by technology expert Daniele...

Deep Learning-Based Model Enables Fast a…

Stroke is the second leading cause of death globally. Ischemic stroke, strongly linked to atherosclerotic plaques, requires accurate plaque and vessel wall segmentation and quantification for definitive diagnosis. However, conventional...

Brain Imaging may Identify Patients Like…

By understanding differences in how people’s brains are wired, clinicians may be able to predict who would benefit from a self-guided anxiety care app, according to a new analysis from...

Stepping for Digital Rewards

Walking is well known to have significant health benefits, but few people achieve the daily recommended steps. Fortunately, mobile health (mHealth) applications have emerged as promising tools to promote physical...