Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
NOTE: Click on image to enlarge.
Assessment
The unrelenting pressure on hospitals to control costs will increase over the next few years as institutions look to be profitable at Medicare reimbursement levels. One area that hospitals often look at to find cost savings is in economies of scale. There are three main ways of approaching this: by growing a facility’s overall volume, specializing in particular service lines, or integrating with other health systems.
In this infographic, we see that growing overall facility volume doesn’t result in economies of scale. But, one sees a different story when we look at a more micro level (service line specialization) and a more macro level (increased system size).
Conclusion
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
Link: http://feeds.feedburner.com/HealthcareFinancialsthePostForcxos
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
Our Other Print Books and Related Information Sources:
Health Dictionary Series: http://www.springerpub.com/Search/marcinko
Practice Management: http://www.springerpub.com/product/9780826105752
Physician Financial Planning: http://www.jbpub.com/catalog/0763745790
Medical Risk Management: http://www.jbpub.com/catalog/9780763733421
Hospitals: http://www.crcpress.com/product/isbn/9781439879900
Physician Advisors: www.CertifiedMedicalPlanner.org
Share this:
Filed under: Health Economics | Tagged: Health Economics, hospital costs, Where Do Economies Of Scale Exist In US Hospitals? | 4 Comments »
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 