Harvard Business Review

DECEMBER 2, 2015

While leaders of many care organizations may be fearful that a new centralized staff function would add to corporate overhead and bureaucracy at a time when they are trying to reduce expenses, becoming adept at the delivery of value-based care requires capabilities that provider organizations currently lack.

Health Care 8

Health Care Management Cost Efficiency 8

Harvard Business Review

OCTOBER 19, 2018

At the Mayo Clinic Comprehensive Stroke Center Practice, we conducted a project to design and deliver care more customized to the needs of individual patients while reducing cost and resource constraints. Patients that received TPA and were subsequently monitored in the NSPCU had an average reduced cost of 25%.

Mayo 8

Mayo Health Care Cost Resources 8

Harvard Business Review

OCTOBER 14, 2013

To obtain an understanding of the costs, the center is applying a combination of two management tools: process mapping from industrial engineering and activity-based costing from accounting. Specifically, the center wants estimates of: The costs of caring for groups of patients with similar conditions.

Health Care 8

Health Care Kaplan Porter Cost 8

Harvard Business Review

OCTOBER 19, 2015

But both extend their outcomes measurement far beyond these common measures to include pre- and post-operative patient outcomes specific to the medical conditions they treat (e.g., Both RI and HOI utilize time-driven activity-based costing (TDABC) to measure their costs across a patient’s care cycle.

Health Care 8

Health Care Cost Activity Based Costing Metrics 8

Harvard Business Review

OCTOBER 26, 2015

Total direct costs (personnel, equipment, and supplies) to the provider for a medical treatment are measured using time-driven activity-based costing (TDABC). The office, which already had been collecting outcome measures, proceeded to conduct a TDABC analysis of the costs incurred for both types of surgeries.

Health Care 8

Health Care Metrics Cost Activity Based Costing 8

Harvard Business Review

JANUARY 25, 2012

But he could not shake his newfound awareness of the amount of money Egan was losing with Westmid — the account's ratio of operating income to sales was a negative 28%. The lack of traceability and transparency extended to the costs for specialized equipment that was used only for particular products or customers.

Case Study 15

Case Study P&L Cost Due Diligence 15

Harvard Business Review

OCTOBER 3, 2013

The procedures and resources in the bundle would include pre-op appointment and testing, use of the operating room and facility services on day of surgery, surgeon, anesthesiologist and support staff, clinic visits, in-hospital drug and laboratory tests, and post-surgical physical therapy. The bundle incorporated the metrics in two ways.

Insurance 8

Insurance Health Care How To Price 8