Equipment sharing: Is your Healthcare organization missing out on this cost-saving and revenue-generating idea?

Typically, “cost-saving” and “revenue-generating” aren’t uttered in the same breath. But, when equipment sharing is done right, that’s exactly the benefit to healthcare organizations.

The plain truth is, sharing not only offers cost savings, it can also support expanding care and increased revenue capture. And what healthcare organization isn’t looking for that?

By sharing equipment, providers can offer a wider variety of services at facilities throughout the system. Beyond that, equipment sharing helps leaders justify the purchase of new, high-tech devices because they can and will be utilized across multiple facilities.

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How to Move from a Holding Company to an Operating Company

It’s the key for health systems to achieve economies of scale

Recently, I had the distinct pleasure of participating in a panel at Becker’s Hospital Review 8th Annual Meeting with Khosrow Shotorbani, president and CEO of TriCore Reference Laboratories, Bill Santulli, EVP and COO of Advocate Health Care and Mark Dixon, president of The Mark Dixon Group and former regional president of Fairview Health Service. We spoke about the nationwide trend of health systems moving from a holding company model to an operating company model and all agreed that this trend will continue to accelerate.

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