Harnessing technology to redesign labor cost management reports: labor costs typically represent over 50 percent of a hospital's total operating expenses. Can the data management process be harnessed to create meaningful labor cost management tools?(Feature Story)

From: Healthcare Financial Management | Date: April 1, 2005| Author: Kazahaya, Glen | Copyright information

When cost based Medicare programs transitioned to diagnosis related groups in 1983, and HMOs were being introduced, hospitals realized their need to become more cost efficient to survive in the new era of managed care competition. However, the IT revolution was in its embryonic stage and hospitals were struggling to understand how to use the new technology. Technological capability to store and access the detailed data required to produce integrated reports from multiple sources was...

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