Cutting healthcare employees is not the right answer to cutting healthcare costs according to a recent blog post from Tele-Tracking Technologies.
Citing Harvard Business Review's November 2014 article "How to Not Cut Healthcare Costs," Tele-Tracking Technologies argues why cutting staff leaves a hospital in a more detrimental state.
The blog notes "In healthcare, the 'product' is a good patient outcome and one might assume that reducing staff will diminish the increase in productivity."
Tele-Tracking calculates that if the value of time in healthcare was looked a little more and hospitals removed wasted time and resources, the automated processes can remove $100 billion from U.S. healthcare every year.
To read more of this blog post, click here.