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Jim McCoy

Finding Hidden Cost Burdens in American Health Systems | By Jim McCoy, President of Clinical Asset Management, TRIMEDX

Health systems continue to face ongoing pressures to reduce costs while maintaining quality patient care. With the average operating margin for hospitals at 0.84%, health systems are searching for ways to more effectively manage operating and capital budgets. However, gaps in data often hinder health systems by hiding cost burdens throughout the organization. These hidden costs limit health systems to finding one-time-savings without lasting relief from industry-wide pressures.
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