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Cost Escalation
For Catherine Owens ONLY
1) Use the Internet to research "cost escalation" within the health care segment. Next, determine one key driver of health care cost escalation. Indicate one strategy health care managers can implement to reduce costs in the future. Provide support for your rationale.
2) Assume that you are a financial administrator of a hospital, and you are responsible for reducing costs (e.g., fixed, variable, semi-fixed, etc.) for the facility. Determine the most significant cost within the hospital, and recommend a strategy for reducing this cost 10% over the next year. Provide support for your strategy.
A 16-year-old female athlete with asthma, hypothyroidism, and a history of anorexia nervosa is admitted for dehydration after a track meet. She has recently been binging and purging, and she competed in a track meet today in 100 °F heat.
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