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May 5, 2006
HMC's Steve Lothrop and Sarah Nickerson discuss how hospital trustees may play a leadership role in improving productivity and quality outcomes, which are increasingly important as health care insurance premiums are increasing at an alarming rate, hospital productivity is decreasing, and Medicare reimbursement is now based on quality outcomes.
Excerpt from the Trustee Magazine article:
"Health care insurance premiums are increasing at an alarming rate, while at the same time, hospital productivity is decreasing.* The ability to maintain a competitive cost position is further compounded by the fact that hospitals have a portion of their Medicare reimbursement at risk because it is now based on quality outcomes. Trustees can play a leadership role in putting the organization on course to achieve improvements in both productivity and quality outcomes. To accomplish this successfully, trustees first need to understand the perspectives of multiple stakeholders and, secondly, recognize that a paradigm shift may be necessary in order to implement the processes and programs to help the organization achieve its goals."
Read the article at Trustee Magazine |
