Are you looking for near-term savings in the wrong places?

Are you looking for near-term savings in the wrong places

If you need to cut hundreds of thousands (or millions) in operating costs within the year, you’ll need a different strategy.

Nearly 80% of health system executives report they need to aggressively cut operating costs within the next three years. The "go-to" strategy for many leaders is to disproportionately focus on labor budgets—specifically nursing labor budgets.

However, even though labor represents a sizeable amount of hospital operating costs, it has a relatively small cost-saving opportunity. There are three often overlooked opportunities for achieving near-term savings: care protocols, supply waste, and unfavorable contract terms.

Discover 11 strategies that can generate significant, hard dollar savings within 9-18 months and that apply to all organizations, regardless of payer environment.

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