How healthcare finance leaders are looking to cut costs

Investing in technology is the top way healthcare finance leaders are looking to cut costs, according to an Oct. 17 report compiled by U.S. Bank.

The report is based on a survey of 200 finance professionals in healthcare. Here is how those leaders said they were planning to cut costs: 

  • Invest in technology: 47%
  • Outsource business functions/processes: 31%
  • Restructure the workforce: 30%
  • Adjust supply chains: 29%
  • Divest non-core assets: 29%
  • Discontinue low-margin/low-growth business lines: 26%
  • Exit non-core regional markets: 23%
  • Reduce office/real estate costs: 23%
  • Reduce headcount: 19%
  • Reduce third-party spend: 18%

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