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Strategy, Technology, and Tactics that Drive Cost Transformation
When asked in which areas their organizations had made the greatest strides in reducing costs, 36% of executives surveyed said “labor cost/productivity” and 32% said “supply chain and other non-labor costs” – both traditional areas of focus. At the same time, 31% said they had the most difficulty in achieving their labor cost/productivity cost transformation goals.
One other major area of opportunity is reducing unwarranted clinical variation. While it was recognized as a high potential opportunity, it was also identified as one of the areas where respondents faced the most difficulty in achieving their cost transformation goals. It was tied for last in areas where respondents had achieved their greatest cost transformation success.
Learn how to achieve your labor cost/productivity cost transformation goals and reduce unwarranted clinical variation in our upcoming webinar co-hosted by HFMA. Please use code ADSFSPON to attend at no charge.