When net revenues declined rapidly in 2008 a US not-for-profit private hospital launched a plan to lower costs. The hospital: 1. Implemented evidence-based practices and best practices to improve core processes. 2. Addressed premium pay and retirement plans. 3. Addressed staffing by not filling open positions, etc. 4. Only approved capital expenditures for immediately necessary items/very strategic initiatives. 5. Introduced a dashboard reporting process to track progress. Within 12 months total...

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11.1.4 Manage cash flow

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