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.
Code Compliance Isn't Enough for Healthcare Resilience
Ribbon Cutting Marks First Phase Completion for New Montefiore Einstein Facility
Brooks Rehabilitation Launches 3 New Major Construction Projects
Joint Commission Standards: What Updates Matter Most?
Swinerton Completes Construction at Atlanta's Grady Hospital