LSU Health Shreveport (La.) officials are attempting to cut $6-7 million in order to balance a $13.7 million budget shortfall, according to a Shreveport Times report.
So far, health system officials have identified approximately $3 million in savings through several measures, including utilizing lower-cost natural gas and eliminating an in-house nursing pool. Supply costs are next on the chopping block, according to the report.
The cost-savings would be in conjunction with approximately $7 million in new revenue through shorter patient stays, a more robust referral process and recruitment of specialists, according to the report.
LSU Healthcare Announces Collaboration With Walgreens' Take Care Clinic
Scaled Back Plan for Louisiana University Hospital Still Faces Criticism
So far, health system officials have identified approximately $3 million in savings through several measures, including utilizing lower-cost natural gas and eliminating an in-house nursing pool. Supply costs are next on the chopping block, according to the report.
The cost-savings would be in conjunction with approximately $7 million in new revenue through shorter patient stays, a more robust referral process and recruitment of specialists, according to the report.
Related Articles on LSU Health Shreveport:
LSU Health Shreveport in Louisiana Plagued With $12.8M Budget ShortfallLSU Healthcare Announces Collaboration With Walgreens' Take Care Clinic
Scaled Back Plan for Louisiana University Hospital Still Faces Criticism