As a consultant, I often evaluate cardiovascular services. Whether it is a large academic medical center with more than 1,000 beds, offering a full suite of cardiac services including complex cardiovascular surgery, or a small community hospital with less than 100 beds, offering limited cardiac services. The goal is always the same – to provide…
Hospitals and health systems are recovering from one of the worst financial years in recent history and focusing energy on achieving growth and sustainability. Although hospital margins did improve in 2023 with the median operating margin increasing to 2% according to Becker’s Hospital Review, executives are continuing to look for ways to cut costs and…
Hospitals and health systems continue to face demanding conditions and financial challenges well into 2023, including increased administrative expenses, a healthcare worker shortage, and increased labor costs. And although there has been a stabilization in operating margins over the past several months according to several industry reports, the trendline continues to show some organizations remain…
