According to SIB Development and Consulting, there are 13 areas ripe with fixed cost reduction opportunities within hospitals.
• Waste removal
• Telecom
• Bank fees
• Vendor maintenance contracts
• Utilities
• Insurance
• Workers compensation
• Property taxes
• Lease and common area maintenance
• Work opportunity tax credit
• Office supplies
• Freight and shipping
• Credit card processing
More Articles on Hospital Savings:
6 Steps to Look for Hospital Vendor Savings
To Buy or Not to Buy? Purchasing Decisions in the Clinical Lab
Modernizing the Supply Chain in an Era of Healthcare Reform
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