The system has put together teams to identify areas of savings across various business areas. “One of [the] teams is looking at some of our support service operations which include areas like facilities, environmental services, laundry, patient equipment, patient transportation and others like supply management,” Mary Masson, a UMHS spokeswoman, told MLive.
The system has no immediate plans to eliminate jobs to cut its budget. However, Ms. Masson told MLive, “The teams’ recommendations could result in the need for fewer jobs in the future after implementation of more cost effective work processes.” If there is a workforce reduction, it will likely be from attrition, according to the report.
More articles on healthcare finance:
How to make the hospital revenue cycle more like that of Starbucks and the Ritz
283 rural hospitals vulnerable to closure: 5 things to know
LifePoint profit increases on higher admissions: 5 things to know
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.