Improving Profitability Through Efficiency
The challenge of balancing innovation and cost reduction often weighs heavily on hospital leaders. However, embracing innovation doesn't have to be a drain on finances; instead, it can lead to financial growth. Successful examples of hospitals integrating innovation and cost-saving demonstrate that investing in innovation can yield substantial long-term benefits. Mary Washington Healthcare CFO, Sean Barden, provided some of his thoughts on the importance of operational excellence.