Cleveland Clinic embraces "secret sauce" in focus on costs, quality

12/10/2012 | Business Insider

Doctors at Cleveland Clinic are salaried and on one-year contracts and undergo professional reviews each year in an effort to reward quality over quantity, says CEO Delos Cosgrove, whose contract is also renewed annually. The hospital also reorganized into institutes focused on disease area instead of separate departments for surgery, medicine and pediatrics. Outcomes and costs are measured and reported, and doctors are aware of how much supplies cost.

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