Prioritizing Cost Management at U.S. Healthcare Systems: Keys to Better Margins (Healthcare IT News)

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Healthcare organizations continue to face increased labor costs, disrupted supply chains and shrinking reimbursements. By capturing and analyzing accurate data about their processes, organizations can identify process challenges and causes of revenue leaks. The following article published on Healthcare IT News explains how health systems can use activity-based costing (ABC) to understand care costs and optimize their use of resources, leading to improved margins and a more manageable shift to value-based care.

Follow the link to learn more about:

  • How a value creation framework can help improve margins and decrease waste.
  • The limitations of cost-to-charge ratio (CCR) and relative value units (RVU) for cost estimations.
  • ABC’s benefits for calculating the true costs of patient care and supporting value-based care models.

Read the full article published by Healthcare IT News.