efficiency

Here’s a look at the Centers for Medicare and Medicaid Services’ new value-based purchasing metrics for inpatient care with, of course, a goal of reducing hospital stays. Hospitals & Health Networks reports that the metrics include a new efficiency measure that “makes up 20 percent of the score initially and  increases to 25 percent in 2016.”

“To measure improvement achieved through process changes intended to better manage LOS, it is important to utilize a consistent and accurate cost accounting approach to determine the components of your daily costs, including bed costs, ancillary testing and services, pharmacy and supplies as well as improvements, and this measurement should be customized to meet the needs of each organization,” H&HN says.