Health Systems Need to Completely Reassess How They Manage Costs
NOVEMBER 15, 2018
This was because their expenses grew faster than their revenues, despite cost-cutting initiatives. Cost reduction requires an honest and thorough reassessment of everything the health system does and ultimately, a change in the organization’s operating culture. Barnacle removal is a key element of serious cost control. Eliminating layers of management. To avoid this danger requires a discerning talent-management capacity in the human resources department.