HealthIT Answers February 24, 2020
By Lance Robinson, Managing Director, Kaufman Hall
Hospital and health system leaders are currently facing multiple threats to the long-term financial stability of their institutions. As healthcare costs continue to rise, private insurers and the federal government are intensifying pressure around payments. A wave of new competitors, from physician-owned surgery centers to retail and virtual clinics, are increasingly offering services at far more affordable prices to consumers, unencumbered by the cost structure of legacy providers. In turn, these threats are forcing hospitals and health systems to determine how to pivot from the traditional delivery chassis to new capabilities in digital and retail healthcare.
The imperative for hospitals to embark on continuous, organization-wide cost reduction initiatives has never been greater. Unfortunately,...
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