If you are like most healthcare providers, you were initiating cost savings even before the economic slowdown. Now you are asking: What do I do for the next round?
A team of Plante & Moran consultants specializing in health care offer insights into how to address immediate concerns like managing bank and bondholder expectations and running with a cash-based mentality. They will cover ongoing concerns like how to manage labor costs and deal with fixed prices for services. Other discussion topics include proactive approaches like:
- Rredesigning for greater efficiency
- Changing delivery of care methods
- Eliminating unprofitable service lines