How Hospitals Can Reduce Costs in 2016

Hospitals & Health Networks’ Ken Kaufman has released five recommendations for 2016 that hospital leaders should focus on in order to “transform their organizations for a value-based, consumer-centric, Internet-oriented environment.”
Below are H&HN’s recommendations for implementing cost reduction:
Hospitals will need to achieve a deeper and more rigorous level of cost reduction. Our nation continues to struggle under the heavy burden of a financially unsustainable health care system. As the most expensive component of the health care system, hospitals will feel escalating pressure from government, commercial payers, employers and consumers to deliver care at a lower price. In this environment, cost reduction must become part of each hospital’s DNA…
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