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
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    stress disorder
    5 Ways To Manage Post-Traumatic Stress Disorder
    October 27, 2021
    Medical device classification and development strategies
    Medical device classification and development strategies
    April 5, 2023
    varicose veins
    Varicose Veins Prevention: 3 Lifestyle Changes to Make Right Now
    May 1, 2022
    Latest News
    Beyond Nutrition: Everyday Foods That Support Whole-Body Health
    June 15, 2025
    The Wide-Ranging Benefits of Magnesium Supplements
    June 11, 2025
    The Best Home Remedies for Migraines
    June 5, 2025
    The Hidden Impact Of Stress On Your Body’s Alignment And Balance
    May 22, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Is Your Health Organization Prepared for Accountable Care?
    December 18, 2013
    CMS penalties
    CMS to Begin Implementing Payment Penalties Tied to Patient Outcomes
    July 16, 2014
    Call to Action: America’s Health Rankings Senior Report
    May 20, 2015
    Latest News
    When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
    June 20, 2025
    Preventing Contamination In Healthcare Facilities Starts With Hygiene
    June 15, 2025
    Strengthening Healthcare Systems Through Clinical and Administrative Career Development
    June 13, 2025
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
  • 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
Last updated: October 29, 2011 9:02 am
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

What Graduates Of Medical College Should Look For In An Employer
Why Are Good Hospitals Good?
Emergency Room: Revolving Door or Backstop?
Stop Blaming the Patient and Fix the Real Problem – Poor Physician-Patient Communications
Entering a New Era for Clinical Computing and Patient Engagement
  •  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

recovering from injury
Rebuilding After Injury: Path to Physical and Emotional Recovery
News
June 22, 2025
scientist using microscope
When Healthcare Ends, the Legal Process Begins: What Families Should Know About Probate and Medical Estates
Global Healthcare
June 18, 2025
How Therapy Can Improve Your Mental Health and Daily Life
How Therapy Can Improve Your Mental Health and Daily Life
Mental Health
June 18, 2025
healthcare facilities
Preventing Contamination In Healthcare Facilities Starts With Hygiene
Global Healthcare Infographics
June 15, 2025

You Might also Like

How to Destroy Patient-Physician Relationships in a New York Minute

January 11, 2016
BusinessHospital AdministrationPublic Health

A Humble Opinion: Book Review

May 3, 2015
BusinessHospital Administration

What are the Benefits of Hospitals and Clinics Using Expense Management Services?

February 13, 2023
subscription based telemedicine
Hospital Administration

Subscription Management Solutions Are Crucial for Telemedicine

April 5, 2023
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?