Hospitals must reassess cost management

Top-level hospital managers tend to focus on the wrong issues when it comes to effective cost management, Navigant Healthcare managing director, Bruce Hallowell, said in a recent interview with RevCycle Intelligence. According to Hallowell, instead of focusing solely on costs, hospitals should look at the outcomes and be careful not to overlook management duplication. "You can go to a system and find out they have 10 people at 10 different hospitals as the director of OR and they're not dealing with the cost, the consolidation or that next level of integration," Hallowell said. "Variation is caused by management and causes cost. If I have four different managers doing the same function, I'm going to get it four different ways." >> Read the full article at FierceHealthFinance

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