Hospitals and health systems should focus on patient blood management to improve quality and reduce costs, according to Joseph Thomas, BSN, RN, national director, clinical optimization for Accumen.
Mr. Thomas shared the following tip with Becker's Hospital Review.
"Comprehensive patient blood management programs are an essential part of enterprisewide strategic initiatives and are proven to reduce the utilization of blood by up to 60 percent with improved clinical outcomes. This is consistent with a strategic vision of enhancing innovation in patient care at a lower cost as healthcare initiatives drive value-based care and population health management.
"A critical component of accelerated success and sustainability is establishing a strong clinical infrastructure with metrics and goals as well as clinical best practices. By leveraging meaningful data and benchmarking, PBM teams can identify opportunities for improvement and drive accountability at the department and provider level.
"A PBM program is essential to hospitals, providers and patients. Hospitals will see a significant reduction in blood acquisition costs, and a much larger reduction in the overall cost of care, making resources more available for other initiatives, technology and support."
If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.
More articles on healthcare finance:
Georgia hospital to close: 4 things to know
Texas church forgives $10.5M in medical debt
New York oncology practice files for bankruptcy following FBI raid