Getting a Better Grip on Hospital Cost Estimates

Hospital executives can learn how to increase the accuracy and effectiveness of their cost estimates on Tuesday, May 22, during a complimentary webinar with Objective Health.

Along with valuable expertise, Objective Health has a variety of tools designed to help hospitals get a better gauge of where their major costs lie and how to trim them. These costs can fall under labor productivity, supply expenses, physician variation and service line growth, among other areas, but they can also lie where hospital executives may not expect.

For instance, in the upcoming webinar, Tim Darling, director of product development at Objective Health, will discuss why physicians who appear to be the lowest cost in the hospital may actually be among the highest when comparing drug costs per case. He'll also discuss why service lines that appear to be among the most profitable may not be.

This webinar aims to help hospital leaders re-examine their cost estimates — which may be less telling than they think — to improve their strategic plan and decision-making. The webinar, hosted from 12-1 p.m. CT, is complimentary. Register here.

More Articles on Objective Health:

Orthopedic Surgeons and Brand Loyalty: 4 Statistics
What 4 Factors Should Determine a Hospital's Service Line Strategy?
New Hospital Scorecard Combines Metrics From 5 Performance Categories


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