2 min read
Re-Align Labor Costs to Improve Margins
It's no secret that labor costs and financial challenges are affecting the majority of hospitals today. Futura is uniquely positioned to help both...
Strategic Cost Management
3 min read
Strategic Cost Management: A Best Practice for Reducing Runaway Labor Costs
With numerous reports of declining operating margins in hospitals across the country, many institutions are struggling to maintain financial...
5 min read
How Hospitals Can Prevent Inflation-Driven Losses
Although we have passed the 2022 inflation spike, it's important to note that this does not necessarily indicate a return to pre-inflationary levels....
1 min read
HFMA Survey Forecasts Financial Decline for Healthcare Industry
The HFMA’s Third Quarter, 2022 Outlook Survey provides insight into the current state of the healthcare industry. The latest report demonstrates why...
4 min read
This Hospital Culture Change Sustainably Reduces Labor Costs
Before we kickoff the final post of our strategic cost management series, let’s take a quick detour. Imagine you are the winner of a DIY contest at...
4 min read
Hospitals: Benchmarking is Not a Cost Reduction Strategy
In healthcare, benchmark studies and productivity reports are the gold standard for leaders looking to make their facilities more efficient, provide...
4 min read
Four Ways to Cut Your Labor Costs, Not Your Staff
Median hospital operating margins were negative in the first quarter of 2022. Kaufman Hall called it a perfect storm of converging threats:...