So far, health system officials have identified approximately $3 million in savings through several measures, including utilizing lower-cost natural gas and eliminating an in-house nursing pool. Supply costs are next on the chopping block, according to the report.
The cost-savings would be in conjunction with approximately $7 million in new revenue through shorter patient stays, a more robust referral process and recruitment of specialists, according to the report.
Related Articles on LSU Health Shreveport:
LSU Health Shreveport in Louisiana Plagued With $12.8M Budget Shortfall
LSU Healthcare Announces Collaboration With Walgreens’ Take Care Clinic
Scaled Back Plan for Louisiana University Hospital Still Faces Criticism