This video was brought to you by Lisa Miller. Unnecessary Cost Extraction In this video, we discuss three ways to extract unnecessary costs in your purchased services spend. 1. Pricing Analysis It’s not just pricing within your GPO, but rather a pricing analysis that extends across the complete marketplace. You need to choose a
Overlooked Costs and Spending Sources Uncovering overlooked costs and spend sources is vital to ensuring your hospital maximizes its profit margins. US healthcare costs are projected to continue to rise by an average annual rate of national health spending growth of 5.5% through 2027 according to the Centers for Medicare & Medicaid Services (CMS). [1]
5 Strategic Profitability Improvements For Hospitals This article was written by Lisa Miller. Financial pressures remain a challenge for many health systems.1 As hospital leaders look for more effective ways to implement effective long-term cost savings across their organization, we suggest five ways to improve profitability in your hospital. They are: 1. Administrative costs The
