Huron: Hospitals need to cut costs

Huron Consulting Group announced the release of a new Huron Healthcare report which indicates that even healthy hospitals will need to reduce cost by 20 to 40 percent.

Joe Kornik | February 07, 2014

Huron Consulting Group announced the release of a new Huron Healthcare report which indicates that even healthy hospitals will need to reduce cost by 20 to 40 percent. In addition, the report notes that this year hospital and health system CEOs will be addressing transformative changes to the way care is delivered and striving to integrate this change across the enterprise.

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The report, "Achieving Healthcare Transformation: Insights from the Huron Healthcare CEO Forum," provides perspectives from nearly 25 executives from healthcare organizations around the country who participated in the fourth annual Huron Healthcare CEO Forum.

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"To successfully implement this magnitude of change, healthcare leaders are examining key aspects of their business, and determining their path forward," said Gordon Mountford, executive vice president, Huron Healthcare. "Clinical transformation, revenue transition, scale and integration, and operational excellence are the four levers they will need to pull—in varying combinations—to achieve quality and financial goals, and advance their missions."

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