5 revenue-generating avenues for hospitals

Description

Abstract: The financial landscape for community hospitals has shifted in recent years — often with a negative effect on the facility’s profits. For example, reductions in reimbursement, cuts to Medicaid programs and increased cost sharing for patients have cut into hospital profit margins, leading many to look for dollars in other ways. This article offers five ways the facility can survive, including joining referral networks and bringing in new service lines. A sidebar offers tips on how to cut labor and supply costs.