BC Advantage - 2010 Issue 7
Sustaining Operating Margins for the Long Term
This issue of IMA Insights explores the implications for hospitals of recent and forecasted trends in patient services revenues and operating expenses. This article does so in the context of the continuing healthcare reform focusing on reducing waste from within the system. While much of the national discussion has focused on the long-term reduction, this article offers actions open to hospitals to address short-term needs and position themselves for long-term success. BackgroundIn late May, the Pennsylvania Healthcare Cost Containment Council (PHC4) released its compilation and analysis of hospital financial performance. The report provided data from...
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