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Steven Lipstein on Hospitals

EconTalk

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The Key Word Is Balance

The board understands the economic realities of needing to operate in a financially responsible way. You are not going to always be able to build contemporary state-of-the-art facilities because you need to keep in mind that buildings don't take care of patients, people do. And when you get right down to it, we're not a production industry so much as we are an industry of people taking care of others.

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