Join us on March 20 and 21 in Salt Lake City, Utah, for From the Bedside to the Balance Sheet: Using Cost Constraints to Drive Quality
Our Quality, Cost, and Value faculty has some questions for you:
- Does your organization have a cost reduction effort underway?
- Are you seeing the results you’d like to see from those efforts?
- Are your financial analysts directly linked to your clinical teams?
- Are you aware of the top mistakes in most cost reduction campaigns?
These are tough questions, but getting into the details of what to cut and what to keep at your organization only gets harder when you haven’t confronted them.
Our revamped program From the Bedside to the Balance Sheet: Using Cost Constraints to Drive Quality can help you find answers and solutions for your cost and quality issues. The program will be held on March 20 and 21 at Intermountain Healthcare in Salt Lake City, Utah, and will be focused on connecting community resources, harnessing bundling payments, and establishing full cycles of care.
The outcomes from IHI’s Impacting Cost + Quality initiative inform the content and takeaways for this program. For over two years, we worked intensely with 60 health care organizations to drive out waste, reduce operating expenses, and improve quality. What was the key driver to successfully reducing operating expenses while maintaining or improving quality? Forming a partnership between clinical and financial teams. The organizations we worked with are on track to save $50 million.
IHI VP Katharine Luther, who is on this program’s faculty, recently published “
Four Mistakes of Cost Reduction in Health Care” along with Robert S. Kaplan, PhD, Marvin Bower Professor of Leadership Development, Emeritus, at Harvard Business School, which can give you a preview of some the topics this seminar will tackle.
We look forward to sharing a full spectrum of proven cost reduction methods that double as smart ways of improving quality in your organization. This program was very popular in its first offering so we encourage you to enroll soon.
What You'll Learn
- Strategies to work at the unit, system and population segment level
- Develop a customized process to reduce cost and maintain or improve quality for the long-term
- Ways to engage physicians and patients as partners in your efforts
- Build a portfolio of cost reduction interventions
- Design a tactical plan for how to get finance and quality teams working together
- Create a set of portfolio metrics and a measurement system to capture
savings
- Leveraging “hot spotting” to guide your efforts
Key Concepts:
- Aligning organizational strategy to improve value
- Identifying waste
- Working with the highest cost/highest risk patient populations
- Implementing shared decision making
- Leading a successful production system from top to bottom and bottom up
- Harnessing bundled payments
- Reducing variation in physician practice
- Creating discipline and rhythm for long-term success
