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Margin growth depends on cost-cutting through modernization: 4 opportunities

from Becker's Hospital CFO Report

Cost-cutting is often seen as a necessary strategy to sustain day-to-day operations of hospitals and health systems. Today, $130 million of $1 billion in revenue is seen as the average amount of cumulative cost reduction needed to maintain a 4% operating margin through 2024, according to Moody's Investors Service. Successful cost-cutting strategies don't exist in a vacuum, but are tied to future growth opportunities. more

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