One of the common cost-cutting mistakes healthcare systems make is not investing in equipment, according to an article on the Becker's Hospital Review website.
Idle equipment is less expensive than idle providers and investing in extra space and equipment will likely be cost-effective in the long run, the article said.
Focusing on supplier discounts instead of individual clinician consumption is also a mistake, the article said.
Research also recommends analyzing the full cycle of care for each condition to determine the lowest cost.
Preparing Healthcare Facilities for Wildfire Air Quality Events
UW Health Set to Open Expansion at East Madison Hospital
Central Ohio Primary Care Physicians Falls Victim to Cyberattack
The Role of Biophilic Design in Healthcare Facilities
TriStar Centennial Medical Center Invests $90M in Women, Children's Hospital Expansions