Taking on Healthcare’s Greatest Challenges in 2023
Nonprofit health systems and hospitals will take years to recover from the effects the pandemic has on their labor force, cash flow, and supplies. In fact, high labor and supply costs are adding unprecedented debt to hospitals leaving one health system reporting their debt as high as $6.34 billion in December 2022. However, 2023 is […]
5 Tips for Managing Your Purchased Services
With over 30%* of all operational expenses, purchased services can be a revealing spend category for healthcare systems. Why? Purchased services often act as a litmus test for how well an organization systematizes its operations, communicates across departments, and optimizes their resources. Ultimately over the next decade, the health systems that fine-tune their purchased services […]