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142: The dire state of hospital finances (Part 1: Hospital of the Future series)

Radio Advisory

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Is Closing a Hospital a Bad Idea?

Closing a hospital is often a pyrric victory, right? You've solved your short-term cost problem, but at the expense of your long-term viability as an organization. There's huge opportunities to deliberately prune for growth, just like you do with a plan. This kind of existential pressure that we're seeing coming from cost will have ripple effects that are destructive to the sector as a whole.

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