Following are key findings of VHA Inc.'s Transformation of the ICU collaborative: Instead of improving patient outcomes, focusing too much on reducing costs as a performance improvement strategy only lays the groundwork for increased quality problems and higher costs. Improving quality can improve the bottom line, as long as there is patient demand. As a type, hospitals are organizations that characteristically have high fixed costs. The more customers such organizations can serve with the same investment, the greater their profits.
|Original language||English (US)|
|Number of pages||7|
|Journal||Healthcare financial management : journal of the Healthcare Financial Management Association|
|State||Published - Dec 2006|
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