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“One person’s waste is another person’s profit margin”: Challenges and opportunities in hospital cost efficiency

“One person’s waste is another person’s profit margin”: Challenges and opportunities in hospital cost efficiency

Why does the US spend far more than any other wealthy country on health care, but get such mediocre outcomes? Hospitals are not the only reason for this health care paradox, but they are part of the value problem because they make up such a huge portion of health care spending.

How can we improve hospital cost efficiency to get better outcomes for a lower cost? What are some of the challenges we face and opportunities for change?

At our recent launch event, we talked with Steward Health Care VP Dr. Tim Crowley, Yale University School of Medicine professor Dr. Nihar Desai, and Chief Medical Officer at OneHealth Nebraska ACO Dr. Bob Rauner about hospital cost efficiency.

Watch the video recording of the event to hear about:

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