|
|
Article: Performance-Improvement Strategies Can Reduce Costs.(Statistical Data Included)
- Article from:
- Healthcare Financial Management
- Article date:
- December 1, 2000
- Author:
CopyrightCOPYRIGHT 2000 Healthcare Financial Management Association. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
As increasing numbers of patients are covered by managed care plans and Medicare, hospitals need to become more cost-competitive to survive.
Hospitals continue to be challenged to reduce costs while providing high-quality care. Cost-reduction methods that hospitals can use successfully include cost data, interdisciplinary approaches, benchmarking, clinical pathways, physician profiling, and case management. Cost reduction also can be achieved through performance improvement. One performance-improvement strategy is the FOCU5-PDCA model. The letters in the model's name refer to the following steps: Find a process that needs improvement, Organize a team that knows ...