Thursday, September 13, 2007

Facing Up to the Bottom Line

At the same time this was happening, hospital administrators were frantically crunching numbers in an attempt to cut back on spiraling healthcare costs. With the advent of managed care, two hard truths quickly became evident:

  • Important savings could be achieved if hospitals could reduce the number of fully-benefitted employees by outsourcing services like janitorial work and medical transcription.

  • Floor space which produced income was more valuable than floor space which did not.

Next: Technology Drives Change

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