How Health Systems Can Achieve True Financial Sustainability, Part 1
In 2017, nonprofit hospital operating expenses outgrew revenue for the second year in a row. In fact, the gap between cost growth and revenue growth widened slightly from 1 percentage point in 2016 to 1.1 percentage points in 2017, driving median operating margins among not-for-profit hospitals to an all-time low of 1.6%.
Join Stu Clark to learn more about what's driving this margin compression, understand how health system should define their cost control ambitions, and see case examples from organization's who have established organization-wide models for driving efficiency improvements.
Things You’ll Learn:
- What's driving the current financial strain on not-for-profit hospitals
- How to articulate a universally-applicable cost control ambition
- How best-in-class organizations are balancing local autonomy and centralized control to rein in low-value spending
Not a Health Care Advisory Board member? You can still join us for this webconference. Register here