Source: Becker’s Hospital Review
A recent report from L.E.K. Consulting found that more than 60 percent of hospital executives expect to have higher budgets this year, roughly double the amount from two years ago, but higher budgets do not necessarily lead to easier financial decisions. Bob Lavoie, vice president of L.E.K. Consulting and head of its New York office, says the study fielded responses from roughly 200 hospital leaders, including CEOs, COOs, CFOs, material managers and purchasing directors. After combing through the results and forecasting pressures over the next 12 to 18 months, he says there are four main financial issues facing hospitals today, ranging from supplier negotiations to health information technology initiatives.
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