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3 ways to build a better hospital budget

Featured in a new success story, Kaleida Health (Buffalo, New York, USA) recently used Allscripts EPSiTM to save more than $20 million in one year – while still maintaining a high quality of care. The organization, one of the largest in Western New York, needed to reduce overall spending to remain competitive. Kaleida Health turned to EPSi, which provides clients integrated budgeting, financial decision support and long-range financial planning, helping to improve patient outcomes while reducing costs and maximizing revenues. Kaleida Health used three methods to identify total cost opportunities throughout the organization: 1)      Break up the budget process. The team at Kaleida Health examined each service line individually, determining the utilization and per-patient cost targets. “Breaking it into smaller pieces made it more actionable,” said Kaleida Health Senior Director of Decision Support Christine Lanza. 2)      Develop a strategic approach. […]