How will your hospital survive in a healthcare environment where revenues keep shrinking and expenses continue to rise? It's a question the consultants in the Consulting Services division of Schumacher Clinical Partners (SCP) are asked on a regular basis. Healthcare leaders are now laser-focused on growing margins, reducing costs, and differentiating service offerings to best serve patients. Taking a few pages from the playbooks of today’s leading innovators, these six initiatives are designed to fit today's complex reality. Consider implementing these ideas in your hospital strategic plan and see the difference they can make.

1. Seek Partnerships and Affiliations to Access New Markets

Former Speaker of the House Tip O'Neill was famous for saying "all politics is local." Much the same can be said of healthcare, which is why it makes sense for hospitals to look to their local communities to form partnerships, explore collaborative opportunities, and create more access points...