What trustees can--and can't--do about hospital costs.
There are five major determinants of hospital costs: hospital size, range of services offered, teaching and research activities, cost of production factors, and organizational efficiency. Trustees can have a positive impact on these determinants by seeking to determine the optimal size for their institution; by making more informed equipment purchasing decisions; by entering into cooperative ventures with other hospitals; and by selecting cost-conscious administrators and supporting their efforts.
D003363:Cost Control; D003365:Costs and Cost Analysis; D006075:Governing Board; D006752:Hospital Planning / Q000191:economics*; D014481:United States