The report is based on a survey of 200 finance professionals in healthcare. Here is how those leaders said they were planning to cut costs:
- Invest in technology: 47%
- Outsource business functions/processes: 31%
- Restructure the workforce: 30%
- Adjust supply chains: 29%
- Divest non-core assets: 29%
- Discontinue low-margin/low-growth business lines: 26%
- Exit non-core regional markets: 23%
- Reduce office/real estate costs: 23%
- Reduce headcount: 19%
- Reduce third-party spend: 18%
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
