BC Advantage - 2010 Issue 2
Healthcare Reform Will Force Hospitals to Make Cost Decisions
This issue of IMA Insights presents expense management considerations for hospital leaders in preparing for the potential impact of the coming healthcare reform legislation. While many aspects of the reform act remain uncertain, one facet stands clear. Passage will require reduced payments to healthcare providers, as well as intense efforts to reduce healthcare costs. As such, hospitals will need to find creative ways to address operating expenses. BackgroundHistorically, as hospitals faced cost pressures, leadership teams sought ways to control variable expenses. Those efforts most commonly focused on labor and supplies expenses, the most readily visible and controllable. A...
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