Most Popular Stories
- New law allows patients to price shop before accessing care
- Humana's McCallister received $1.8M bonus, 26 percent pay raise in 2009
- Hospitals obstruct unionization efforts, draw ire of National Labor Relations Board
- SPOTLIGHT: Nurses spend one-fourth of shift bogged down with paperwork
- National healthcare nullification law on the books in Virginia
- Study: Patient data at risk with file-sharing networks
Featured Jobs
-
Occupational Therapist
Makro Health - Pittsburgh, PA -
Staff RNs (3) Job for North Carolina
StaffPointe, LLC - near Charlotte, NC -
Plastic Surgery Job in New Jersey
StaffPointe, LLC - near Paterson, NJ -
Neurology Job in Illinois
StaffPointe, LLC - near Galesburg, IL -
Pediatrician Job for Louisiana
StaffPointe, LLC - near Alexandria, LA
Events
- Healthcare IT Institute
May 2nd-4th — Atlanta, GA - 2nd Annual Summit HITECH & HIPAA Compliance
March 25-26 — Washington, DC - New IHI Seminar: How Market Leaders Outpace the Competition
April 12-13, 2010 — Scottsdale, Arizona - Sensors Expo & Conference
June 7-9, 2010 — Rosemont, IL
Paid Research Reports
- Pricing and Reimbursement in Key Asia Pacific Markets
- Delivery Mechanisms for Large Molecule Drugs: Successes and failures of leading technologies and key drivers for market success
- The Cardiovascular Market Outlook to 2013: Competitive landscape, global market analysis and pipeline analysis
- Intellectual Property and Outsourcing in China: Minimizing risk whilst maximizing return on investment
- Health Care Equipment & Supplies: Global Industry Guide
- 2009 Trends to Watch: Healthcare Technology
HOT TOPICS >> ARRA | Recovery Audit Contractors | Women in Health IT | Collections | Bond Ratings | Charity Care
Free Newsletter
FierceHealthFinance is a weekly healthcare finance update for health executives, IT managers, and financial managers. Join fellow industry insiders who get FierceHealthFinance via email for their must know healthcare finance news. Sign up today!
About | View Sample | Privacy
Latest News
Popular Topics
Whitepapers
- BREAKING THE LANGUAGE BARRIER: Health Care Quality, Efficiency and Savings through Professional Medical Interpretation
- An Option for the Ages: The FHA/HUD Hospital Mortgage Insurance Program
- Enterprise Security for the Healthcare Industry – Assuring Regulatory Compliance, ePHI Protection and Secure Healthcare Delivery
- Success Story: Columbia United Providers
- Success Story: Community Medical Centers
- Healthcare Megatrends: The Future of Healthcare Financing and Delivery
Case study: WA hospital confronts cost challenges
At Skagit Valley Hospital, they're going through the same intense struggle to survive as peers across the country. Like many other hospital leaders, managers at the Mount Vernon, WA facility were forced to make significant cutbacks. Despite making a 5 percent cost reduction, patient access leaders have been able to implement needed changes while continuing to support patients.
In the patient access department, manager Michele Hill, CHAM, found several ways to cut costs. They included reducing monthly staff meetings to quarterly meetings, finding cheaper but more patient-friendly armbands that resulted in a $10,000 annual savings, and centralizing patient access services to create an efficient team capable of being deployed organization-wide. Hill also deployed staff to shifts with greater volumes, and eliminated all travel for 2009.
Unfortunately, these changes weren't quite enough. The hospital also implemented a wage freeze and cut 64 hours of work between May 1 and December 31. Skagit Valley also made staff cuts, though most came from not filling vacant positions. To make the pay and staff cuts sting less, employees have agreed to take no lunch, except when things are particularly slow. At each step, Hill and other managers have worked with their staff to find solutions that employees can accept.
Despite these stresses, working closely with the staff has helped everyone cope, Hill says: "By involving the team in decision-making processes...I have buy-in, and greater success, because they own it."
To learn more about this story:
- read this Health Leaders Media article
Related Articles:
AHA wants hospital bonds included in municipal securities legislation
Obama healthcare plan a plus for hospitals, Moody's says
Moody's ratings changes could raise healthcare credit ratings
Bond buy-backs could stress hospitals' liquidity, Moody's says
Comments
Post new comment
Home
| Subscribe | Advertise | Mobile Edition | RSS |
Privacy
| Site Map | List in Marketplace | Supplier MarketplaceTHE FIERCEMARKETS NETWORKFierceFinance | FierceFinanceIT | FierceComplianceIT | FierceHealthcare | FierceHealthFinance | FierceHealthIT | Hospital Impact | FierceMobileHealthcare | FierceCIO | FierceCIO:TechWatch | FierceContentManagement | FierceMobileIT | FierceGovernmentIT | FierceBiotech | FierceBiotech Research | FiercePharma | FierceVaccines | FierceBiotechIT | FiercePharma Manufacturing | FierceIPTV | FierceOnlineVideo | FierceTelecom | FierceVoIP | FierceBroadbandWireless | FierceDeveloper | FierceMobileContent | FierceWireless | FierceWireless:Europe | FierceCable© 2010 FierceMarkets. All rights reserved. |
![]() |





