71% of Healthcare CEOs Tie Clinical Improvements to Biggest Cost Savings

Roughly 71 percent of healthcare CEOs believe improving clinical operations and care delivery performance are the biggest opportunities to save money within their organizations, according to a recent survey from Huron Healthcare.

Huron Healthcare surveyed nearly 80 hospital, health system, payor and other healthcare CEOs. Twenty-one percent said workforce optimization would lead to the biggest cost reductions, while 8 percent said supply chain and non-labor costs were the key areas of savings.


Other results from Huron Healthcare's survey include:

•    Fifty-five percent of respondents said the most challenging aspect of moving from volume-based to value-based is the evolving cost structure to contain costs and generate revenue.

•    Thirty-eight percent of CEOs said clinical utilization decisions are the biggest concerns related to cost. Labor and revenue cycle inefficiencies were also cited as major concerns.

•    Thirty-five percent said hospital-physician relationships are the greatest barrier to clinical integration.

More Articles on Healthcare Cost Savings:

WellStar Paulding Hospital to Use Geothermal Energy at New Facility

Improved Use of Hospital Observation Units Could Save $3.1B

Calculating Provider Revenue Loss in an ACO

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars