Hospitals are the Newest Entrepreneurs.
Better patient care and innovative methods — hospitals today are finding these not only helpful but necessary to sustain business in the current healthcare market. Providers are shifting from a focus on maximizing the volume of services toward a new focus on improving the quality of services.
U.S. News & World Report finds that an entrepreneurial trend has taken over at hospitals in order to innovate and thrive in this complex and competitive industry. Many hospitals are finding new CEOs in the form of industry outsiders or doctors with a distinctly entrepreneurial mindset.
Hospitals need innovative leaders to help manage the organization through a number of changes. The Affordable Care Act has drastically altered the payment model, and profitability depends on a new set of parameters. The public has more options than ever, including low-cost walk-in clinics at retailers and pharmacies.
Ultimately, hospitals need radical changes and visionary business leaders to handle these changes and figure out how to deliver higher quality patient care with well-managed costs.
For patients, this means that healthcare providers are trying to lower the cost of care while also shifting the focus toward patient satisfaction. When the healthcare business model is value-based rather than volume-based, patients win.
One way that hospitals can lower costs and improve their bottom line: making day-to-day operations more efficient. At DJ Products, we make industrial tugs for hospital equipment carts so employees can move linen carts and heavy supplies faster and with less risk of worker injury. Over time, industrial tugs improve productivity and lower operating costs.
Visit DJProducts.com for more information about hospital cart movers and industrial tugs.