Becker's Healthcare December 11, 2024
Across the healthcare industry, many hospital and health system financial leaders are looking for the perfect concoction to boost their operating margins.
From leveraging data analytics and developing strategic financial plans to fostering accountability among department leaders and prioritizing quality over short-term gains, Becker’s connected with six hospital and health system CFOs this year to discuss ways to drive margins upward.
Note: Responses have been lightly edited for length and clarity.
Question: What advice do you have for hospital and health system financial leaders looking to get their margins up?
Rob Chestnut. CFO of LMH Health (Lawrence, Kan.): I don’t think there’s any magic formula. Get your analytics down, figure out what you feel comfortable with and then watch...
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