It’s hard to imagine a more stressed industry than healthcare delivery. Hospitals and systems have been facing ongoing pressures to raise quality, reduce costs, and increase revenues in an environment of reimbursement constraints, demographic shifts, and accelerating technological change. The consensus at this point however, is “not good enough”.

The new Administration in Washington has made it very clear that the industry has to start making some truly transformative changes. Better care at lower cost is the new bar being set. While cost reduction has been a constant pursuit for many years, what’s been tried often hasn’t been enough or hasn’t been sustainable. And now even more is expected.

It’s time to try some new approaches to reducing costs.