Supply Savings Invigorate Community Hospitals
Community-based hospitals are the lifeblood of smaller communities.These facilities not only provide access to local health care, but they also stimulate the local economy, helping create jobs in the hospital and the community. However, many rural facilities face significant financial and operational challenges. They see a larger share of Medicare and Medicaid patients and operate on thin margins. For these hospitals, examining ways to reduce expenses is critical. Supply spend is the second-largest cost for hospitals behind labor.