A collaboration is formed by two groups of orthopedic surgeons using a community hospital to set up Hoag Orthopedic Institute, a for-profit hospital and two ambulatory service centers. By incorporating and commanding all facets of the patients' clinical treatment, the physicians produce superior outcomes, which they convey with a yearly results report that is public.
Furthermore they launch bundled payment contracts for orthopedic surgeries with three insurance companies, and join a multi-hospital investigation for applying time-driven activity-based costing to identify cost reduction opportunities and process improvement. The case scenarioends with HOI leaders analyzing several choices for growth and expansion.
PUBLICATION DATE: December 22, 2014 PRODUCT #: 115023-HCB-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
