Maryland Hospitals Failure to Cut Costs

The Baltimore Sun has an opinion piece about Maryland hospitals’ refusal to do what most businesses are doing in 2010: cutting costs.

Hospitals, for better or worse, do not generally attract the entrepreneurial type. This is often a good thing. The majority of health care workers in a hospital setting are focused on healing patients. That’s where their heads ought to be. So I think it is difficult to just expect them to fall in line with the rest of the market. Hospital administrators need to look to try to fight this inertia by making sure hospitals are grabbing the low hanging fruit that can reduce costs. But, realistically, there is only so much that can be done without more investment (financial and psychological) in technology.