Year in Review: Cost cutting enters overdrive

By: Tara Bannow

Posted on: December 12, 2020

Year in Review: Cost cutting enters overdrive

The COVID-19 pandemic hit at a time when many health systems were doing well financially or heading in the right direction thanks to years of disciplined efforts to offload debt or squeeze savings from consummated mergers. Then in March, they watched their revenue go over a cliff after being forced to suspend elective procedures.

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