Achieving sustainable cost transformation |
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Authors: | Channon Brian S Riley Ellen G Sussman Jason H |
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Institution: | Kaufman, Hall & Associates, Inc., Skokie, IL, USA. bchannon@kaufmanhall.com |
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Abstract: | Means for hospitals and health systems to achieve necessary, sustainable cost transformation include: Using a structured approach with rigorous analysis. Understanding the organization's capital position and quantifing the shortfall. Identifing potential savings sources. Using internal and external benchmarks. Ensuring integration of cost-reduction targets with organizational plans and budget. |
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