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Five Opportunities for Hospitals to Increase Their Business Model’s Sustainability
H&HN Daily
The hospital model today stands in the crosswinds of market and nonmarket forces. On the market side, there is the hard reality that sustainable margins are required for financial viability. On the nonmarket side, there are a host of regulations to comply with, a mission that includes caring for those…
How to Address Cost Outliers
hfm Magazine
The spiraling costs of healthcare in the U.S. have precipitated a tangible backlash — as demonstrated by the passage of the Patient Protection and Affordable Care Act in 2010 — that suggests that demands for better care at lower cost are not simply going to go away. In light of…
Improving the Bottom Line: Prioritizing Cost and Quality Initiatives
Numerof Brief
Imagine the following case… The executive team is meeting to decide which cost reduction projects to fund. Each has a supporting “business case”, but everyone knows the numbers are soft. Comparing financial impact across projects is difficult, and debates about assumptions and scenarios to test lead to months spent on…
Improving Margins: New Approaches to an Old Problem
Trustee Magazine
The U.S. healthcare industry is currently undergoing what will ultimately be a radical transformation, driven by unsustainable cost increases, increased regulation, and shifting power relationships among payers, providers, physicians, and patients. We have reached the point where all four of these key constituent groups have significant economic concerns — providers…
Critical Management Tools for Getting Costs Under Control
Physician Leadership Journal
As the national debate continues over spending, deficits, taxes and the fiscal direction of he country, one point of general agreement is that fundamental change to the American healthcare system is needed: healthcare costs must be brought under control. As hospitals grapple with ways to adapt, physician leaders have a critical…
