Recovering From Revenue Shortfalls Hospitals and health systems have been facing common challenges since the onset of COVID, leading to low margins for the past few years. According to Deloitte’s 2023 Outlook for Health Care, hospitals and health systems experienced consistent negative operating margins in 2022, resulting in low patient volumes, revenue decreases, and high…
Why a Perioperative Assessment is Right for 2023 Hospitals are facing challenging economic times following the COVID Pandemic, including shrinking reimbursements, and an increasing number of patients on Medicare as the population ages. The Operating Room (OR) is typically the largest revenue generator for a hospital, though it is also a significant cost center that…
What is “system-ness”? “Systemness” is the ability to provide a consistent experience for patients, providers, and hospital staff regardless of the care setting across the continuum. It can improve patient and provider experience, lower costs, improve quality patient care, reduce risk, and increase growth. However, achieving systemness can be quite challenging. Some believe that simply having an established common…
