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When Rob Lazerow, a managing director at the Advisory Board Co., recently met with the executive team of a large health system, he noticed a construction project had been downsized from the prior year.
The organization decided to replace its aging facilities with smaller structures, which would potentially allow it to fine-tune its staffing model and reduce its inventory of excess supplies.
This development reinforces findings from the Advisory Board’s 2018 annual survey of healthcare CEOs, which discovered that cost control has become a top priority for 146 executives surveyed between December 2017 and March 2018.
While interest in revenue growth remains high, cost structure and management were the top concerns among health system executives, according to the survey.