Articles
Financial Oversight, Care Delivery, Financial Management, Strategic Planning
Total cost of care: Key considerations
By Paul Keckley, Molly Smith - Group Vice President for Public Policy, American Hospital Association
Hospitals and health systems are continuously striving to reduce costs and improve the efficiency of care. It is useful to consider the impact of measuring the “total cost of care” on hospitals and health systems, as well as contemplate what steps health care leaders need to take.