By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Health Works CollectiveHealth Works CollectiveHealth Works Collective
  • Health
    • Mental Health
    Health
    Healthcare organizations are operating on slimmer profit margins than ever. One report in August showed that they are even lower than the beginning of the…
    Show More
    Top News
    improving patient experience
    6 Ways to Improve Patient Satisfaction Within Hospitals
    December 1, 2021
    degree for healthcare job
    What Are The Health Benefits Of Having A Degree?
    March 9, 2022
    custom software development is changing healthcare
    Digital Customer Journey Mapping and its Importance for Healthcare
    July 21, 2022
    Latest News
    Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
    May 16, 2025
    Learn how to Renew your Medical Card in West Virginia
    May 16, 2025
    Choosing the Right Supplement Manufacturer for Your Brand
    May 1, 2025
    Engineering Temporary Hospitals for Extreme Weather
    April 24, 2025
  • Policy and Law
    • Global Healthcare
    • Medical Ethics
    Policy and Law
    Get the latest updates about Insurance policies and Laws in the Healthcare industry for different geographical locations.
    Show More
    Top News
    Can Thinking Younger Make You Live Longer?
    April 20, 2011
    Image
    Obesity’s Outlook Unchanged
    June 13, 2011
    When It’s An Emergency Elderly Not Treated As Well in Hospitals
    July 16, 2011
    Latest News
    Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
    May 18, 2025
    The Critical Role of Healthcare in Personal Injury Recovery: A Comprehensive Guide for Victims
    May 14, 2025
    The Backbone of Successful Trials: Clinical Data Management
    April 28, 2025
    Advancing Your Healthcare Career through Education and Specialization
    April 16, 2025
  • Medical Innovations
  • News
  • Wellness
  • Tech
Search
© 2023 HealthWorks Collective. All Rights Reserved.
Reading: Will Your Local Hospital Exist in 10 years? Should it?
Share
Notification Show More
Font ResizerAa
Health Works CollectiveHealth Works Collective
Font ResizerAa
Search
Follow US
  • About
  • Contact
  • Privacy
© 2023 HealthWorks Collective. All Rights Reserved.
Health Works Collective > Business > Hospital Administration > Will Your Local Hospital Exist in 10 years? Should it?
BusinessHospital AdministrationNewsPolicy & LawPublic Health

Will Your Local Hospital Exist in 10 years? Should it?

HowardLuks
Last updated: March 25, 2012 7:59 am
HowardLuks
Share
4 Min Read
SHARE

The pressures mounting on most institutions as the years trudge by are mounting… they are mired in mountains of regulations, the need to implement millions of dollars of IT “improvements”, streamline their most productive service lines, strip down their “front-line” staff to dangerous levels… and all this while their reimbursements are being crushed.   

The pressures mounting on most institutions as the years trudge by are mounting… they are mired in mountains of regulations, the need to implement millions of dollars of IT “improvements”, streamline their most productive service lines, strip down their “front-line” staff to dangerous levels… and all this while their reimbursements are being crushed.   

  • Consider that a profitable hospital currently operates on a 1% margin.  
  • Consider that the hospital is considered the most costly portion of the overall healthcare debt burden.  
  • Consider that hospitals are considered to be one of the most dangerous places to be based on the rate of medical errors.   
  • Consider that customer care initiatives either do not exist in most institutions or fail miserably in hospitals who are attempting to implement them.   
  • Consider that the government will be publishing reams of performance and quality based information about hospitals and providers over the next decade.  Layer onto that the ability we have or will possess to share that information amongst ourselves via the social platforms that currently exist, or will exist as this data is revealed.  

Will you go to an ER, wait 3-4 hours, read the quality reviews only to find out that the ER you are sitting in fails miserably compared to a hospital not too far away— and that you stand a greater chance of dying from that admission than you do driving to the hospital or flying around the world?   Hmmmm…  

There are not many forward thinking institutions out there… there are even fewer where the c-suite has “skin in the game” and feels emotionally attached to the institution where they earn their salary from.   Do you believe these institutions will put forth the initiatives necessary to allow them to shine above their competitors when the facts come out?   My guess is that many many institutions will fold over next decade as quality measures, poor customer service, high (published) medical error rates and a leadership council who simply doesn’t care becomes common knowledge through our digitally enabled and hyper- connected society.  

More Read

Physicians Agonize About Salary Negotiations
Mobile Health Around the Globe: Magpi Data Collection System Helps Thousands Worldwide
Rising, Fading Technologies in the Global Market for Wound Closure
Vermont’s Bold Experiment: A Rebuttal
What to Expect in a Medical Scribe Training Program

Will this save money… no. That’s another post.

Will this save lives? Hopefully.

Will this disrupt the lives of many physicians, nurses and employees who signed contracts thinking they were safe from the changes that value based initiatives and the cost cutting features of the new health plan?  Most certainly.  

“Healthcare”:   Hospitals and physicians better wake up… start collaborating, start planning, put the proper people in place and properly position themselves if they want to have a chance at surviving and remaining relevant throughout the next decade— and beyond.  

 

 

 

 

Learn more about Will Your Local Hospital Exist in 10 years? Should it? at Howard J. Luks, MD.

TAGGED:hospital customer servicevalue-based pricing
Share This Article
Facebook Copy Link Print
Share

Stay Connected

1.5kFollowersLike
4.5kFollowersFollow
2.8kFollowersPin
136kSubscribersSubscribe

Latest News

Clinical Expertise
Building Smarter Care Teams: Aligning Roles, Structure, and Clinical Expertise
Health care
May 18, 2025
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Grounded Healing: A Natural Ally for Sustainable Healthcare Systems
Health
May 15, 2025
Learn how to Renew your Medical Card in West Virginia
Learn how to Renew your Medical Card in West Virginia
Health
May 15, 2025
Dr. Klaus Rentrop Shares Acute Myocardial Infarction heart treatment
Dr. Klaus Rentrop Shares Acute Myocardial Infarction
Cardiology
May 13, 2025

You Might also Like

health benefits of yoga
Health care

The Health Benefits Of Yoga That May Change Your Life

February 8, 2021

Nominate a Young Health Care Leader For a $40,000 Prize

June 2, 2012
Physician Marketing humanizing
BusinessFinanceSocial Media

Making a Connection: How to Humanize Physician Marketing

October 12, 2014
Medscape Mobile
BusinessMobile Health

The Rise of the Healthcare App Industry

February 11, 2012
Subscribe
Subscribe to our newsletter to get our newest articles instantly!
Follow US
© 2008-2025 HealthWorks Collective. All Rights Reserved.
  • About
  • Contact
  • Privacy
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?