Three “Must-Haves” for Systemwide Transformation

Health Leaders: Today, health systems are trapped in a financial pincer: fixed costs for drugs, labor and patient care expenses continue to rise as the population ages and develops more acute ailments, while reimbursements from public and private payers get smaller. To weather this reality, organizations need to be much more deliberate in deploying strategies that maximize all potential sources of new and existing revenue, while jettisoning activities that are not generating added value. Creating a broad-based approach to managing organizational finances in this way often requires a system-wide transformation.

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