Addressing high labor costs is a pressing concern for hospitals and health systems and effective management of these costs is essential for maintaining financial health. In this post, we'll examine critical success factors for labor cost management (LCM) that organizations should consider.  "Healthcare is a labor-intensive...

As someone with experience in boating and revenue cycle outsourcing, I can’t help but notice some similarities between the two seemingly unrelated activities. How so? Let me illustrate. The First of the Two Happiest Days When the pandemic hit, boat sales skyrocketed as people sought out outdoor...

Health systems need concrete strategies to reduce costs and increase revenue with rapid results. The financial outlook for hospitals and health systems is the worst in decades. Projections are that one-half to two-thirds of the nation’s hospitals ended 2022 with a negative margin. Inflation is...