Summary observations
The core, traditional business of hospitals, i.e. profiting from inpatient admissions, is under serious strain. The hospital operators that will thrive will have outstanding management teams that can use their existing platforms to move the hospitals into other business lines that are not as dependent upon inpatient admissions. These hospital operators will have to do a remarkable job of both reducing costs, increasing other revenue lines and often leveraging market strength. They will also need to increasingly focus on risk-based contracting.
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