Harvard Business Review

OCTOBER 14, 2013

As we move forward we need to be mindful of two principles that must be at the heart of any fundamental health care reform: “no margin, no mission” and “if you can’t measure it, you can’t manage it.” Specifically, the center wants estimates of: The costs of caring for groups of patients with similar conditions. Kaplan and Michael E.

Health Care 9

Health Care Kaplan Porter Cost 9

Harvard Business Review

SEPTEMBER 16, 2016

In the same way that banks must constantly balance assets and liabilities, data-laden firms need to move from cyber-defense and fire-fighting toward more proactive management of what could prove to be their most important asset. This means determining not only what EvD means today, but what it will mean for the firm in the future.

Intangible Assets 8

Intangible Assets Intellectual Capital Corporate Accountability Activity Based Costing 8

Harvard Business Review

OCTOBER 19, 2015

They have successfully used bundled payments to capture the value created by cost-effectively delivering superior patient outcomes. Their experiences reveal three keys for successful bundling: excellent data on outcomes and costs, proactive management of the patient, and alignment between physicians and hospitals.

Health Care 8

Health Care Cost Activity Based Costing Metrics 8

Harvard Business Review

OCTOBER 22, 2015

These efforts were part of the providers’ quest to increase the value of their care delivery — in other words, achieve better outcomes at the lowest-possible cost. One of the team’s central findings is that TDABC cannot be delegated to the finance function.

Mayo 8

Mayo Health Care Committee Project 8

Harvard Business Review

OCTOBER 26, 2015

We have found that a radar chart is an effective means to visually depict outcome and cost data simultaneously. Total direct costs (personnel, equipment, and supplies) to the provider for a medical treatment are measured using time-driven activity-based costing (TDABC).

Health Care 8

Health Care Metrics Cost Activity Based Costing 8

Harvard Business Review

OCTOBER 3, 2013

The Boston Shoulder Institute wanted to enter the negotiation with an in-depth understanding of all its costs over a typical RCR-care cycle, something that it could not learn from its existing costing systems. They began by taking a careful inventory of resource needs and usage for each process in the cycle.

Insurance 9

Insurance Health Care How To Price 9

Harvard Business Review

OCTOBER 19, 2018

At the Mayo Clinic Comprehensive Stroke Center Practice, we conducted a project to design and deliver care more customized to the needs of individual patients while reducing cost and resource constraints. Care for these patients could potentially be managed and monitored in the lower-cost NSPCU environment.

Mayo 8

Mayo Health Care Cost Resources 8

Harvard Business Review

DECEMBER 26, 2014

Unfortunately, the same problem often arises when physicians manage the care of patients with chronic conditions such as diabetes, heart failure, and kidney disease. We learned that health complications in the year following a sub-optimal start of dialysis led to nearly $20,000 in extra treatment costs per patient.

Cost 15

Cost Class Maturity Compliance 15

Harvard Business Review

OCTOBER 23, 2017

Dr. Niazi’s team has used Time-Driven Activity-Based Costing to prove that this program is cost effective, and is currently collecting data to assess its impact on patient outcomes. Several features of the program have already been expanded to other providers at Mayo.

Report 8

Report Mayo Health Care Survey 8