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A Novel Approach to Hospital Efficiency

 | Published on 8/15/2018

Introduction: The status of the post Affordable Care Act landscape, including the fate of the American Health Care Act and the Better Care Reconciliation Act, remains uncertain. Nevertheless, continuation of recent years’ overall healthcare trends seems assured. Guided by public policy, downward pressure on payments and resultant revenues will continue. Alternative payment schemes will be pursued with an emphasis on increasing risk distribution. Emphasis on greater efficiency and, ultimately, cost reduction will increase. In addition, control of labor costs through productivity optimization will continue to be a major focus. These trends are particularly acute in the inpatient setting, which is increasingly viewed as a cost center. In the context of this environment, we describe a novel approach to the identification, analysis, and improvement of acute care processes, resulting in significant enhancement of operating efficiencies and quantifiable cost reductions ranging from 5% to 100% of baseline across 12 specific domains.

Read Full Article: https://www.psqh.com/analysis/a-novel-approach-to-hospital-efficiency/