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Biomedical subjects

T Forthman

Publications and source records attributed to T Forthman.

3 recordsLinked to original sources
PubMed1995

Helping financial analysts communicate variance analysis.

Healthcare organizations often use variance analysis to explain variation between planned and actual costs and charges. This type of analysis is becoming even more common as healthcare executives work to improve efficiency, to set priorities for organizational improvement as part of strategic planning, and to explain costs and charges to interested groups such as purchasers and payers. Variance analysis produces data that must be presented in a format useful to senior executives. An effective format would express the data in a visual summary that is simple enough to be readily understood and detailed enough to provide valuable information.

Analysis of Variance↗
PubMed1995

Reducing health care delivery costs using clinical paths: a case study on improving hospital profitability.

The process of merging and benchmarking clinical and financial data is pivotal to the development of appropriate clinical pathways. Bristol Regional Medical Center (BRMC), facing the challenge of managed care organizations (MCOs), instituted this process and achieved significant cost savings, largely because of the working partnership between the administration and its medical staff. In DRG 89, Simple Pneumonia and Pleurisy, Age Greater than 17 with CC, data adjusted for severity of illness and cost of living were furnished to BRMC by HCIA Inc. Major benchmark or "best practice" variations were incorporated into new clinical pathways, leading to decreased resource use, no compromise in the quality of care, and a beneficial halo effect on other unrelated DRGs.

Decision Support Systems, Management↗