Focused Growth: A Strategic Framework
“Independent community hospitals in the United States are not an endangered species. But they are threatened, and their survival as independents depends on the deliberateness of the actions they take now.” All hospital board members have heard about the litany of pressures facing their organizations, exacerbated now by two years of the COVID-19 pandemic. Pressures we recognized prior to the pandemic are still with us: payment rates not keeping up with inflation, the need to reduce costs by at least 10-15 percent to deliver greater value, increasing consumer expectations and demands, and the myriad new competitors, whether virtually or physically present in our markets.