News Headlines Article

Balancing Cost Containment and Quality Efforts
HealthLeaders Media

Hospitals and health systems need to keep costs down while simultaneously striving to provide optimal care for their patients. Leaders are examining their cost containment efforts to ensure that the quality of care does not dip as they try to achieve these two goals.

“We try to focus very carefully on our cost-containment initiatives, always being careful to balance them with any downstream effects they might have,” says Reza Kaleel, COO of St. Mary’s Medical Center in Grand Junction, CO. “But in many cases, reducing costs can actually improve quality. By removing added steps in a complex process, you may remove some of the reasons why errors were made in the first place.”