Top Ways to Manage Non-Labor Expenses to Improve Financial Performance
4/1/2010
Abstract
Hospitals are facing significant financial challenges more than at any time in memory. As a result of the faltering economy, most states are cutting back on Medicaid funding despite the growing number of people enrolled. Additionally, the percent of self-pay patients is at an all time high in many health systems across the country. Despite this, health systems can realize savings in many areas of non-labor expenses to help control costs and continue to provide quality care in their communities.
Top Ways to Manage Non-Labor Expenses to Improve Financial Performance (310KB .pdf file)