A Radical Solution For Saving America’s Hospitals

This article concludes Dr. Robert Pearl’s four-part series “Saving America’s Hospitals,” which examined the lagging performance and economic failings of inpatient facilities. In this final installment, he offers a solution.

Hospitals serve as the economic lifeblood of their communities. They are the second-largest source of private-sector jobs in the United States, employing 5.4 million Americans who, together, embrace a virtuous mission to heal and help others in need.

And yet, every year, more and more of them are forced to shut their doors. With soaring costs, eroding margins and mounting pressure from competing providers, the American hospital industry is on life support.

Like many in our industry, I’ve searched high and low for a painless solution. But having...

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