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Costing

Why Participate?

  • Identify high and low cost clinical services compared with peers for review and action 

  • Quantify the financial impost of poor safety and quality

  • Pinpoint input cost variations with peers-wards, diagnostic services, ICU, medical costs etc 

  • Take action to bring costs into line with exemplars

  • Better manage outputs/outcomes

Subscribe

Select Optional Activity B1 on your subscription agreement and return by email to accounts@healthroundtable.org

Cost

$A5,000 (plus GST) for first facility in your network $A4,000 for each additional facility.
Individual delegate venue fees are billed separately.

Timeline and key dates

8-9 March 2017
Workshop Melbourne: Review 2015/16 Data

April 2017
Final 2015/16 Reports produced

June 2017
Planning webcast for 2016/17 collection

30 September 2017
Request sent for full year 2016/17 data including specifications and checklist

December 2017
First cut of 2016/17 Cost Data due for processing

January 2018
First cut of 2016/17 Financial Management Reports on website

February 2018
Final 2016/17 Cost data due for Reports for March meeting

March 2018
Group Meeting to review 2016/17 data in tba

April 2018
Final 2016/17 reports produced

Clinical Costing Improvement Group

Financial Performance Improvement Group

8-9 March 2017 Melbourne [2015/16 Cost & Revenue]
Meeting code HRT1704

This group's goal is to maximise the utility and timeliness of peer, patient cost and revenue comparisons in the pursuit of efficiency, and safe, high quality patient care. Activity Based Funding will continue as the primary Commonwealth Hospital funding mechanism for at least the next three years. More Health Services are looking for cost and revenue improvement opportunities across all programs. The Health Roundtable provides the most timely, in depth cost and revenue analyses, and peer comparisons in Australia.
ABF goes live in July 2014!  Get ahead of the game and be prepared to discover your profit and loss making clinical services under ABF and to find huge savings opportunities!

Join the Financial Performance Improvement Group for 2017 and we will collect, analyse and report costs and revenues for 2016/17 across the continuum of care - Emergency, Acute Inpatients, Mental Health, Sub-acute and Ambulatory services. We will benchmark your costs and NWAU revenues with your peers and highlight significant savings opportunities. We will highlight the huge cost impost of poor patient care and sub-optimum safety and quality. We will show your profit and loss for each of these streams using your own NWAU units. See how much you are making or losing for each episode, clinical service, clinical department, service stream or your entire health service. New group members are also invited to attend the March 2017 meeting in Melbourne to review the 2015/16 reports and benchmarking.


What do you need to do?

  • Nominate a key liaison person who will co-ordinate data collection and be a contact for questions and follow up
  • Provide periodical data extracts from your costing system in accordance with our specifications
  • Promote the use of the financial performance reports in your health service
  • Identify and share financial management innovations with your peers
 What does The Health Roundtable do?
  • Collects and process your costing data periodically in accordance with agreed cost allocation specifications
  • Facilitates discussion among participating health services and constantly revise and update cyclical reports to meet changing client requirements
  • Provides customised, flexible reports to help identify good practice exemplars in effective financial management
  • Provides advice and education on all aspects of activity based funding and costing and its application in your health service

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28 Foveaux Street
Surry Hills, NSW 2010

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