A lot of myth and misinformation exists surrounding Activity Based Funding and what it actually means for both clinicians and hospital executives. The model itself is relatively simple and easily understood, but it can have profound implications.
Do you know which areas are the least and most efficient? Do you know where your greatest potential savings lie? Reducing length of stay across the board will have some success, but an understanding of how you can use data and peer benchmarking will help you adopt a smarter, more targeted approach. There may be initiatives that are easy to implement and will give you a far greater reward.
Please contact us to find out how we can help you today.