Case Study
Data Integrity, Visibility and Collaboration Enable New Jersey Medical Center to Control Spend
Case Study A Case Study 1 Case Study Data Integrity, Visibility and Collaboration Enable New Jersey Medical Center to Control Spend Challenges When Karl Blomback is asked what he believes to be the key to the future of healthcare, he always has the same answer: “cost containment now. ” Like most hospitals, Hackensack University Medical Center (HUMC), where Blomback is vice president of Finance, faces multiple financial challenges caused by declining reimbursements from Medicare and Medicaid, a weak economy and the mandates created by healthcare reform. These same challenges make it difficult for many hospitals to remain profitable and, in some cases, even keep their doors open. Blomback feels strongly that a hospital should operate “like a business” so it can continu