We are at a time of unprecedented change in healthcare. Hospitals are currently reeling from the aftermath of the COVID pandemic, desperately trying to regain their financial footing. Material inflation and labor cost have pushed the majority of US hospitals into negative financial margins. To survive, most hospitals are cutting costs, reducing length of stay (LOS) and trying to grow service lines with positive margins. Hospitals are attempting to balance increased census with the utilization of costly agency labor. The journey toward value in healthcare has accelerated, with many hospitals at risk of bankruptcy if they do not move quickly enough. To address the need to reduce LOS and hospital admissions, our health systems conducted a 6 weeks proof of concept. We implemented the following interventions (key results):
