Biomedical subjects
Publications and source records attributed to R Brent Hardaway.
General acute care hospitals often are losing out to niche providers. By focusing commercial payment on proprietary and commodity services and away from noncore services, these hospitals can help guard against the competitive threat. Transitioning to the price shifting model requires distinct and careful actions.
To prioritize cost savings, providers can benefit from following a fundamental approach that involves using easily attainable small-scale initiatives (less than 50,000 dollars) to support larger-scale projects (typically over 250,000 dollars) that can realize improvements in six months. Increases in capital that result from these efforts can then be used to focus on equally important opportunities where the organization has less control, or payoff may take longer.