Non-Labor Cost Savings Initiative

This research report was compiled by Sue Farkas and Jim Cagliostro.

The COVID-19 pandemic exposed the danger of health systems continuing to function on narrow or negative operating margins.

It has confirmed to healthcare leaders that, when hospital finances are under severe and constant pressure, there is minimal room for error and zero room to respond effectively to a global health crisis. While there are challenges ahead, there are lessons to learn and positive strategies to implement.

The first step to resolving any problem is to not only recognize it, but also to understand the full extent of its implications.

In the wake of COVID-19, all healthcare organizations must implement a specific strategy dedicated to identifying questions related to finances.

In this report, we offer solutions to identify the cost savings available in four non-labor areas that are critical to your hospital.

Schedule a call today: Please reach out directly to me to discuss the ways in which we can support your organization in developing a non-labor, cost savings initiative.