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Healthcare's Perfect Storm

Five cost-saving strategies.

 

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The pandemic hit healthcare systems like a perfect storm

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Stress on Administrators and Clinicans

In September 2021, Advisory.com reported that hospitals' abilities to provide overall care were stressed by a massive influx of high-acuity patients, at the same time they experienced double-digit declines in median operating margins.

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Staff Shortages and Soaring Costs

Crushing labor shortages meant that administrators had to fill gaps with more expensive solutions. Compromising patient care was not an option, and bottom lines felt the pain. 

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Dis-Integrated Data and Systems

Many systems broke under the pressure of COVID-19. Some hospitals without established equipment maintenance routines reported downtimes in their mobile device fleet exceeding 50%. Likewise, training systems that operated independently of centralized systems created duplicate work for understaffed teams. 

"Hospitals may need to reduce costs by 24% to break even, and outsourcing may be the solution."1

It may seem counter-intuitive to hit the pause button when action is so desperately needed, but but that's exactly what we recommend you do. Your fastest path to recovery is to follow an intentional plan. We'd like you to Take Five —spend a few minutes exploring five proven ways to reduce operating expenses and eliminate data silos in back-end operations. Then examine your workflows and look for opportunities to course-correct more rapidly. 

1 Becker's Healthcare, December 9 2021.

 

Five Proven Strategies to Reduce Healthcare Costs

Building these strategies into your recovery plan will help you reach your goals faster

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Technology Services Outsourcing

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Strategic Cost Management

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Custom eLearning: Training, Education and On-boarding

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Data Mobility (Point-of-Care Technology)

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Advisory and Consulting

Futura Healthcare has provided advisory and consulting expertise to the healthcare industry for more than 20 years. Our deep network of resources and industry experience means we can be onboarded quickly to extend the value your team delivers and to reach company targets. 

Sustainable Cost Savings without Deep Cuts in Staffing

  • Rapid Deployment. Futura is adept at rolling out hardware upgrades and software customizations in short timelines.
  • Cost Savings. Futura's cost management tools can help you save up to 10% without cutting staff.
  • Integration. Integrating your training systems means better and faster onboarding of your newhires. 

Driving Better Patient Outcomes

 

Futura Healthcare is a KLAS-ranked healthcare IT solutions provider, and we partner with our customers to achieve better patient outcomes. We provide solutions that encompass mobility hardware and equipment, eLearning, advisory, and consulting services. This comprehensive approach enables our clients to improve their operational efficiencies and productivity, while providing innovative solutions that drive better patient outcomes and enhance clinician user experiences.

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