Managing Partner Michael Abrams, M.A., and Senior Consultant Glenn Mitchell, M.D., M.P.H., highlight the importance of executing a new operations model for cost management in, Avoid Common Pitfalls in Cost Management Efforts: Think Outside the Box, published in Becker’s Hospital Review on February 6, 2014.

“Ideally, such a model would be based on your own organization’s data and would use standardized algorithms to calculate the impact of factors that are under your control”, said Michael.  He and Glenn proceed to outline an approach for effectively putting your money where it matters most to improve operations overall.