267: Care variation reduction: A $100B opportunity
Health systems know that reducing unwarranted care variation improves quality and lowers cost. Advisory Board research identifies five misconceptions holding leaders back from getting the most out of their CVR efforts, and how to overcome them.
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Show Notes
Health systems know they need to pull out all the stops when it comes to improving operational efficiency, given their financial climate. That doesn’t necessarily mean they need entirely new strategies — but they do need to make the most of the tried-and-true tactics.
Care variation reduction (CVR) has been part of the operational excellence playbook for years. The opportunity for efficiency and cost savings through CVR is massive—about $100B nationally — but the vast majority of health systems have not been able to unlock its full potential.
This week, host Abby Burns invites Advisory Board provider operations expert Isis Monteiro to break down what’s getting in the way of realizing that $100B, and how leaders can start to move the needle.
We’re here to help:
- Ep. 239: UNC Health: The care variation reduction story you need to hear
- Care Variation Reduction Assessment
- Identify your biggest opportunities for care variation reduction
- 6 strategies to improve your operating margins and financial resilience
[Webinar] Care variation reduction: A $100B savings opportunity
A transcript of this episode as well as more information and resources can be found on RadioAdvisory.advisory.com.