Is cost accounting your friend? Harvard professors Michael Porter and Thomas Lee, M.D., say it should be if your goal is to understand costs and ultimately improve the value of care.
But many hospitals and health systems struggle to clearly understand costs, which makes it difficult to make effective, fact-based financial and planning decisions.
In this on-demand webinar, you’ll see how MultiCare Health System adopted cost accounting best practices and consolidated multiple legacy platforms into a single data stream to dramatically improve visibility into financial data. You’ll learn:
- Cost accounting tips proven to make it easier to accurately determine unit cost
- How to apply costs at the patient encounter level to enable effective and actionable reporting
- Benefits of analytics and reporting drawn from a single source
About the presenters:
Curtis Bryan is Director, Financial Applications & Decision Support of MultiCare Health System, with oversight of budgeting, cost accounting, decision support, financial reporting and labor analysis for the 8 hospital, 800 provider health system. Prior to his role at MultiCare, Mr. Bryan was the CFO of Steck Medical Group and the CFO of RM Services, Inc prior to that. Mr. Bryan holds a B.S. in Engineering and a B.A. in Chemistry from Seattle Pacific University.
Catherine Savage is Assistant Vice President with the Software division of Kaufman Hall & Associates, LLC, with responsibilities focused on the firm’s Cost Accounting and Decision Support implementation group. She serves as Practice Lead for the group, implements Costing and Decision Support software for client hospitals and health systems of varying sizes and complexity nationwide, and provides ongoing consultation. Ms. Savage holds an M.B.A. from the Georgia Institute of Technology and a B.S. in Business from the University of Illinois. She is a CPA.