Population Health and Supply Chain – What’s the Connection?

As hospitals and health systems face constant revenue stream pressures, financial managers are leveraging cost containment strategies that lean on population health, supply chain management and salary adjustments as a way trim costs.

When it comes to population health, the concept is simple: Keep people healthy, prevent them from over-utilizing the system, and they won’t come back for unnecessary follow-up care.

But there’s a catch. Hospitals have to first spend money to get the system in place.

Investing in population health management, however, is far from the only means a hospital system has to exercise control over its cash flow. Savings can also be found in the supply chain, where purchasing can be made cheaper by latching onto a group purchasing organization and essentially buying in bulk.

The article in it’s entirety is available at:

http://www.healthcarefinancenews.com/news/population-health-workforce-salary-management-key-hospital-cost-control-salaries-cfos-say

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