Wednesday, September 4, 2024
10:00 AM-11:00 AM
Huron Series
Virtual
Program Description
Leading healthcare systems must focus on performance improvement (reducing costs) and growth. Typically, the focus on cost-cutting is the common reaction to headwinds . . . 89% of hospitals currently have a cost-reduction plan (but only 6% characterized their programs as effective!) However, growth can have a greater near- and long-term impact on value. Growth can have a compounding effect on value creation and come in a variety of ways: Grow revenue at the same margin (top line); Substitute lower margin for higher margin services (bottom line); Expand volumes in higher margin services (top and bottom line).
Program Objectives
- Describe the limitations of cost-cutting as a sole strategy for healthcare performance improvement.
- Identify different growth strategies that can create sustainable value for healthcare systems.
Who Should Attend
Cost
This webinar is complimentary.