Gartner Information Technology Research

HDO CIOs Must Adopt Integrated Cost Decision Support to Meet CFOs’ Changing Needs

Published: 28 February 2020

ID: G00451466

Analyst(s): Sachin Dev

Summary

Healthcare delivery organization CFOs need a way to understand the true cost of patient care and advance their cost optimization strategy. CIOs must adopt an integrated cost decision support framework to advance cost accounting for real-time and predictive cost forecasting.

Table Of Contents

Analysis

  • HDOs Are Under Significant Financial Pressure — And Cost Control Is Key to Financial Performance
  • Adopt an ICDS Framework
  • Start With Advanced Cost Accounting to Identify the True Costs of Care at Macro and Micro Levels
  • Implement Real-Time Healthcare Costing Next
  • Deepen Cost Insight With Predictive Cost Variance Alerting
  • Reconceptualize Cost Cutting as Cost Optimization With ICDS

Gartner Recommended Reading

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.