Why is it that in times of economic stress, some hospitals manage through with strength to spare while others fall? While it may be tempting to say that those hospitals that thrive have the best payer mix or the most profitable service lines, often the deciding factor is the leadership’s commitment to core principles of sound financial management.
In this report, four leading hospital systems—Banner Health, Southwest General Health Center, The University of Kansas Hospital, and Parkland Health & Hospital System—share the lessons they have learned to help them:
- Identify cost-cutting measures that also add value to care efficiency
- Make strategic investments in areas under your control
- Refocus on the fundamentals of financial discipline
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Principal, Health Industries Advisory practice