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Report describes benchmarks for administrative expenses
Data Strategies & Benchmarks : the Monthly Advisory for Health Care Executives
|July 1, 1999
Insights
Compare Health Maintenance Organization (HMO) administrative costs across peers. A Sherlock Company survey analyzed six large HMOs across product lines and functions to reveal key cost differences.
Area of Science:
- Health Services Research
- Healthcare Administration
Background:
- Administrative costs are a significant factor in healthcare.
- Understanding cost variations among Health Maintenance Organizations (HMOs) is crucial for efficiency.
Purpose of the Study:
- To compare the administrative costs of six large HMOs.
- To identify differences in administrative spending across product lines and major functions.
Main Methods:
- Data collected from a survey by Sherlock Company.
- Analysis of administrative costs across six large HMOs.
- Breakdown of costs by six product lines and 15 major functions.
- Multi-faceted analysis approach.
Main Results:
- Detailed breakdown of administrative costs is presented.
- Comparative analysis highlights cost variations among HMOs.
- Insights into spending patterns across different operational areas.
Conclusions:
- The study provides a benchmark for HMO administrative costs.
- Results can inform strategies for cost containment and operational efficiency.
- Highlights the importance of detailed cost analysis in healthcare management.
Abstract:
How does your HMO stack up against its peers where administrative costs are concerned? Data from a survey conducted by Sherlock Company of six large HMOs was broken out into six product lines and 15 major functions, and then analyzed three ways. Check out the results.