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Health Care, Strategy & Analysis Article, US hospitals
Article at a glance:

US hospitals for the 21st century

  • US hospitals were once a hallmark of 20th-century achievement.
  • Today more focused competitors are offering lower prices, higher quality, and better service.
  • Meanwhile, both payers and consumers are becoming better at recognizing and acting on price and value differences.
  • To thrive in the future, hospitals must not only become more focused, more like retailers, and better at executing frontline tasks but also overhaul their relationships with physicians.
This article contains the following exhibit:
  • Exhibit: In the United States, hospitals have performed less well in earnings growth than other health care players.

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