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Targeting deteriorating margins to preserve mission delivery

March 18, 2020 Article 5 min read
Authors:
Duane J. Fitch Tony Colarossi
To improve operations, consider investigating margin declines and determining the root causes affecting systemic issues. Why? That’s how to get the most bang for your buck. Read more at HFMA.org for tactics that’re practical for all healthcare organizations.
Medical workers in a circle talking

Healthcare organizations must constantly redefine how to best deliver on their missions while also remaining viable. One critical component of this process is margin control. The ability to flex with your operating margins allows you increased breathing room across your organization. The stronger your margin, the greater your ability to find and fund top talent and — top resources.

Where do you begin? With the most effective strategy to mitigate margin decline. This means addressing the root causes of margin decline to create a performance improvement plan that ultimately tackles systemic issues.

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