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Where are my hospital's primary areas of opportunity?
Prioritization is absolutely critical. No institution, in healthcare or otherwise, has unlimited resources. It's about unleashing your limited resources on the most important problems that, if solved, are keeping you from the margin the board wants, and the margin that you have.
HMC compares your hospital's functional cost per unit of service, with your hospital comparison group at the 65th percentile (or any other percentile target you chose). Then HMC calculates the difference in dollars and sorts the functions by excess costs . . . with the click of a button! No more reports to distribute, no more photocopying of reports, no more lost reports.
In an instant you're staring down the most critical areas for improvement in your hospital . . . by operational function, service line, DRG, APRDRG or by physician.
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