What goals do you have in terms of managing your annual Non-Labor spend? Are you structured to achieve those goals? What metrics do you use to track and monitor your progress? How do you track new spend coming into your system? And how are you tracking the sustainability of the savings that you do accomplish?

Every healthcare executive should ask themselves these burning platform questions. With healthcare costs rising exponentially, reimbursements falling, and acute care patient volumes declining, never before has there been greater pressure to reduce costs. Non-Labor expenses typically comprise the second largest expenditure, making it a prime area for significant cost reduction initiatives.

Unfortunately, many systems cut their Non-Labor costs to hit an annual target – only to find they’re unable to sustain those savings over the long term. Sustainability requires the creation of a culture of accountability, C-suite engagement, cross-organizational stakeholder representation, and 100% process adherence. That’s where GE Healthcare Partners can help.

Want to know more about how we can help with Non-Labor Cost Management? Contact Us