Express View Cost Modeling: Using Better Cost Information To Make Better Decisions Webinar

Health Care

November 04, 2009

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A hospital's need for reliable and useful cost information is greater than ever. Federal reform with its continuing pressure to reduce health care costs has been placing even greater pressure on hospitals. Payers are continuing to press towards transparent and value pricing. The economic climate has forced hospitals to increasingly review services to determine those to expand, those to control, and those to eliminate. 
Determining unit costs of patient services has been problematic for the health care industry. Most hospitals still depend on costing methods that rely on imprecise averaging techniques, ignore the acuity differences of services (and patients), and completely disregard the impact of unused capacity in the development of unit costs. Furthermore, they are ineffective in supporting the service line, payor, and provider analyses needed to support strategic decision-making.

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