Medical Economics October 20, 2020
Controlling continuum of costs has always been important in running a health care practice, but the pandemic has made reining in excessive operating expenses vital
Cost control measures are likely to take a more prominent role among healthcare practitioners because of COVID-19-driven economic disruption. The pandemic has raised the stakes for physician-owners, some of whom have been joining multi-service organizations to reduce their administrative burdens and pursue new avenues of growth, to take a more hands on approach to driving down costs and ensure their businesses are being run profitably.
According to a Woolhandler and Himmelstein report, the U.S. spends an estimated $1.1 trillion on healthcare administration, of which $504 billion is in excess...
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