Hospitals spend between 55% to 65% of their expense on implants and management. For instance, these expenses can be found in the catheterization lab, the Operating room, and the Women’s Center, among many other departments in a hospital. Yet, the
Four proven strategies to launch cost savings for your hospital. These strategies cover 4 major areas for cost savings. Each is unique and doesn’t get looked at often or skimmed through. While some are not looked at all. But, if
Physician Engagement for Successful Cost Reduction Physician preference items or physician driven spend is a significant driver for hospitals. Hospitals should aim to work together with their physicians, not just work with them when the need arises. Three obstacles are
6 Emerging Hospital Costs Trends Have you thought about hospital costs trends in 2022? There are 6 emerging hospital costs trends you should watch in 2022 and beyond. The Covid-19 pandemic is undoubtedly the most significant challenge the healthcare system
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
How Much Do You Spend On IT 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
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