Cost Control at an award winning hospital

To manage cost, the North Mississippi Medical Center (NMMC) a US rural hospital and winner of the 2006 Malcolm Baldrige National Quality Award (Healthcare Sector), developed its care-based cost management (CBCM) system. CBCM linked health care quality and cost containment by looking beyond traditional cost drivers - people, equipment, supplies - to care issues that had a much greater impact on the actual cost of care - practice variation, complications and social issues. Each Senior Leader and d...

BPIR Categories

11.1.4 Manage cash flow
11.1.1 Develop budgets