In these days of skyrocketing healthcare costs attributed to a combination of labor shortages, rising inflation, supply chain disruptions, low surgery volumes, higher equipment prices, and more, the traditional C-suite response is to implement organization-wide budget cuts, stop expansion projects, and put recruitment on hold. While this may seem fair and equitable at first blush, this simplistic approach can have unintended, rippling consequences across the organization.
It may sound counterintuitive, however there is sound reasoning for continued investments in surgical services, technology, and personnel, even during economic downturns.
In fact, even while working under tight budgets, healthcare leaders should strive to maintain OR funding or even increase investments, if possible.
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