Bending the cost curve with the help of a dedicated cost leader

Like quality improvement, cost improvement needs a single senior leader who is responsible for driving cost improvement throughout the organization.

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A recent HIMSS study showed that reducing cost was the top strategic priority for hospitals, academic medical centers, children’s hospitals and ambulatory care providers. However, despite this focus, the overwhelming majority of hospitals do not have a senior leader solely dedicated to cost reduction — or even a single person in any department, dedicated to organization-wide cost reduction.

Read the full article on Becker’s Hospital Review.

 

 

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