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Part 1: How a CEO Empowered Staff to Save $3M and Their Jobs



During the recession, Chicago's Swedish Covenant Hospital chief Mark Newton was unwilling to take draconian measures such as layoffs. Instead, he deployed a tactic from his entrepreneurial background: He challenged his staff to find ways to cut costs themselves.



1 comments on "Part 1: How a CEO Empowered Staff to Save $3M and Their Jobs"
Dr. Bob (3/31/2011 at 10:35 AM)

Cost cutting and innovation are keys to survival for any hospital or system. Additionally, working with companies like PPO Check to audit and recover past/missed revenue (from carriers) can also be crucial - PPO Check has recovered as much as $18M for a hospital from zero balance (closed) accounts.