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Cost Containment: Targeting Cuts, Enhancing Efficiency, and Using IT

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"You can't really capture reductions until you are using the labor you have more efficiently. You can reduce the workforce, once, maybe twice, but you can't continue to go to that well. You have to get more efficient."
—Nickolas A. Vitale, EVP and CFO, Beaumont Health System, Royal Oak, MI

 

This exclusive, original research and analysis offers key insight from top healthcare executives and clinical leaders, including:

  • 89% of healthcare leaders lack the integrated clinical and financial data they need to target cost savings.
  • 40% of healthcare leaders say they still have to cut 6% or more from their operating budgets
  • Continuous improvement techniques (68%) tops the list of tools management uses to foster cost containment initiatives.   
  • The biggest barriers to achieving sustainable cost reductions include:
    —government mandates (27%)
    —physician-hospital relationships (19%)
    —unsupportive organizational cultures (15%)

The report is available in three versions:

FREE - The free Intelligence Report includes survey results drawn from the 5,000-member HealthLeaders Media Council, plus independent expert analysis.

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PREMIUM - provides everything in the free report, plus: segmentation data; key takeaways and actionable strategies; three real-world case studies; and discussion questions.

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PREMIUM BUYING POWER - is designed for healthcare industry suppliers and includes all the content in the Premium version, plus: detailed drill-down data on purchasing trends and projections to aid marketing and sales strategies.

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Media Requirements: Adobe Reader 9 or later, available for free download.

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