By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Incentivizing in Hospitals to Control Costs
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > Incentivizing in Hospitals to Control Costs
Hospital Administration

Incentivizing in Hospitals to Control Costs

Principle Healthcare
Principle Healthcare
Share
3 Min Read
SHARE

There’s a new sheriff in town. In the face of looming healthcare reform, healthcare organizations are searching for creative ways to control costs.

There’s a new sheriff in town. In the face of looming healthcare reform, healthcare organizations are searching for creative ways to control costs.  Not to be confused with the chief information officer, a growing breed of “chief incentive officers” are infusing the healthcare industry with a new-found emphasis on cost savings through better health management. The chief incentive officer examines ways to change behaviors toward a particular goal.  Applied to general health and wellness, incentives can work for both patients and caregivers in promoting better care management across all fronts.

Not only can the new CIO role incentivize a number of organization-wide initiatives for process improvement, but they also can also boost the health of both patients, employees and providers by encouraging them to engage in wellness activities such as taking their medications or maintaining a healthy diet.

 How do they do this? Through the art and science of incentives.  More specifically,

More Read

medical staff
The Simple Things Which Help Medical Staff
How Can Hospitals Make Patient Care and Medical Info Work Together?
Medical Center Offers Telehealth Monitoring in ICU
Ways to Enhance Your Hospital’s Instagram Presence
Hospital Leadership
  •  Identify what type of behavior you’re trying to incent – clearly define the goal and why you are trying to reach that goal. In this case, it might be to improve the health of your medical staff in one specialty.
  •  Understand what will motivate your population and what won’t – according to IncentOne, to achieve a desired participation rate of 60 percent in wellness programs, it would take an incentive value of at least $356. For each increase of $100, researchers found that participation would increase by an additional 7 percent, with a maximum of 100 percent participation for an equivalent $900 incentive value.
  • Identify your preferred method of incentives – the incentive can take other forms besides pure cash, such as a gift card, food, personal services, or discounts. Often, cash or another financial equivalent may prove the most impactful.
  • Communicate – clearly communicate the goals and rewards to them. Remember to start early and to keep the rules simple so that the goal is achievable. Regular, systematic reminders about appointments, medications, episodic monitoring and other wellness activities will be key.

    

TAGGED:Chief Incentive OfficerCIO
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

a woman walking on the hallway
6 Easy Healthcare Ways to Sit Less and Move More Every Day
Health
September 9, 2025
Clinical Expertise
Healthcare at a Crossroads: Why Leadership Matters More Than Ever
Global Healthcare
September 9, 2025
travel nurse in north carolina
Balancing Speed and Scope: Choosing the Nursing Degree That Fits Your Goals
Nursing
September 1, 2025
intimacy
How to Keep Intimacy Comfortable as You Age
Relationship and Lifestyle Senior Care
September 1, 2025

You Might also Like

BusinessFinanceHospital Administration

What Would Medicare For All Mean For Healthcare Entrepreneurs?

March 15, 2019
How to Improve Outcomes and Satisfaction of New Surgery Patients
Hospital Administration

How to Improve Outcomes and Satisfaction of New Surgery Patients

November 5, 2017

The Importance of Collaboration in Your Hospital

November 21, 2013
Det Norske Veritas
Hospital AdministrationMedical EducationPolicy & Law

Who or What Is Det Norske Veritas?

November 11, 2013
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?