You Can't Cut Your Way Out: The New Growth Imperative

After several challenging years, hospitals and health systems are experiencing modest improvements in financial conditions. But while cost containment helped drive recent upticks in performance, leaders know they cannot simply cut their way to long-term sustainability. Targeted growth strategies can help providers strengthen their core businesses, expand into new geographies, and diversify profit pools—and create a pathway for future success.

This article is part three in a series on reigniting the strategic plan after a turbulent era. 

NOTE: This article originally appeared in The Governance Institute’s (TGI) BoardRoom Press newsletter. We thank TGI for their partnership.