Surviving and thriving in tough economic times

Knoer, Scott
December 2010
American Journal of Health-System Pharmacy;12/1/2010, Vol. 67 Issue 23, p2000
Academic Journal
The article presents the author's insights on the impact of the collapse of bond market to the health systems operations including the University of Minnesota Medical Center (UMMC). It says that an immediate cut in expenses through operational efficiencies and imposed sweeping cuts are the negative return on hospital investments that led to an operational emergency in hospitals. The author relates the importance of limiting the long-term damage that affects cost savings and safety initiatives.


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