MedCity News September 27, 2024
Artificial intelligence (AI) holds potential to forecast and predict where hospital leaders should direct limited resources such as clinicians, staff, and beds to improve operational efficiency and drive better patient outcomes.
Although health systems have seen some much-needed improvement to operating margins in recent quarters, these positive headlines mask a disturbing reality that illustrates the immense challenges most health systems still face with hospital operations: 40% of hospitals in the nation are losing money.
For many health systems that are struggling financially, the key step to transforming their hospital operations lies not in hiring more staff or creating more beds. Rather, it comes from utilizing their existing beds more efficiently. In other words, optimizing patient flow.
To optimize...
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