Patient Experience

Health

Hospitals Beef Up Margins, Not By Cutting Costs, But By Elevating Patient Experience

With inflation hitting every business industry, the effect is finally trickling down to hospitals as well. With the rise in the prices of supplies, pharmaceuticals, and labor, many administrators are feeling pressure to rethink their financial strategies, specifically hospital budgets. Healthcare executives usually react by drastically cutting costs in areas like staff reduction, cuts in research programs, or limitation of…