Hospital CEOs manage staff time, inventory to cut costs

Each of the nation's 5,700 hospitals must cut $2.6 million a year on average in costs in the next 10 years to meet the demands of President Obama's proposed healthcare reform, a daunting task when half of those hospitals lose money. Criticism came from almost every corner leading up to Obama's speech before Congress, yet many hospital CEOs say that the hospitals they run are rife with inefficiency and that they are optimistic that the $155 billion in savings is doable with the help of business disciplines.