Implementing changes to improve your cost structure to realize savings must be a priority for healthcare leaders. As the US stands on the cusp of a new era of price transparency, healthcare costs rose to $3.6 trillion in 2018[1], while
To ensure that costs are managed effectively, your hospital must adopt robust strategies and learn how to manage your IT healthcare spend. Technology has the potential to drive healthcare forward, make it more accessible, improve operational efficiencies and enable your
Physician preference items (PPIs) are often comprised of the most expensive products ordered by hospitals and can have a negative impact on your hospital’s operating margins. In this blog, I outline 5 key steps to physician preference item optimization. The
Understanding the clinical, financial and operational terms is the second of the four mission critical components essential to manage your outsourced agreements and identify vital cost savings for your hospital. Most of the time, we find that hospitals instinctively want
All hospitals rely on outsourced agreements and services to deliver quality patient care, but they are complex, with financial and operational implications.In this new blog series, we will cover the four mission critical requirements to effectively manage your outsourced agreements
For hospital leaders required to deliver margin improvements, generate more revenue and provide value based care, hospital outsourcing can be an attractive solution. Before making that decision, I advise reviewing my 7 steps to optimize outsourcing in your hospital in
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