Olajimi Amos -Blog

1.      Critical analysis (made for public) of bundled payments. Bundled payments drives increased savings and efficiency if its clearly designed appropriately. I believe state governments can take the lead in creating policies that around bundling that help drive cost down. The issue here is the data capture over time can be skewed with rural and urban patient population. State governments truly have the ability to impact costs of care using bundling.

2.      Become an e-member (student) of HFMA (online), watch an on-demand webinar (of your choosing) and write a summary & application piece

Estimated Operating Costs

TD Activity Based Costing methodology to our operative costing strategy. Time driven activity-based costing (TDABC) is a methodology that calculates the costs of healthcare resources consumed as a patient moves along a care process. Central to the problem of escalating health care expenditure is the lack of understanding of how much it costs to deliver patient care. Focusing solely on patient care but also educating all participants, including patients, physicians, employers, insurance companies, and the government need to recognize that value should be defined as a given health outcome per dollar of cost expended while also finding ways to make care affordable. Resources such as personnel, equipment and supplies associated with each step are been identified. A per minute cost for each resource expended has been generated, known as the capacity cost rate, and multiplied by its time requirement per task. The total cost for an episode of care should be obtained by adding the cost of each individual resource consumed as the patient moved along a clinical pathway

3.      Critical analysis of the link between patient experience and financial performance

Driving improvements in the service-profit chain-Employees are an important link in the service-profit chain, and they’re at the heart of the customer experience. Please review link below to show how engaged health care workers impact patience experience which in turn impacts profitability. Do see the graph of the service profit chain in the link below.

https://www.visioncritical.com/employee-satisfaction-service-profit-chain/