In the midst of ever-growing financial pressures faced in the industry, Intermountain Health has focused on long-term cost savings solutions that don't compromise care. Establishing a Cost Stewardship function has helped provide millions of dollars in regular, sustainable annual costs savings for the organization. Hear more about how a dedicated team, clear structure and communication, and strong cross-functional partnerships have helped ingrain this cost stewardship and a continuous improvement mindset at Intermountain Health.
Learning Points:
- Understand the key components of successful cost stewardship or financial improvement programs
- Discuss how to frame financial data to support cost effective delivery and highlight opportunities for improvement
- How to build governance that promotes partnership and collaboration while ensuring accountability