Ethical Efficiency: How Hospitals Can Balance Quality Outcomes With Profits

Ethical efficiency is the principle of maximizing value—both in terms of outcomes and resource utilization—while adhering to moral and ethical standards. It is a philosophy I champion while helping leading companies around the world, including healthcare systems, increase their efficiency.Ethical efficiency can measurably improve any industry, but it's especially important in healthcare. In healthcare, it's about creating a balanced system that upholds the highest ethical standards of care while driving productivity and impact for the greater good.A staggering contradiction exists in U.S. healthcare: They spend more than any other nation on healthcare but rank poorly in outcomes and quality of life. Chronic diseases such as obesity, diabetes and heart disease—largely preventable through proper nutrition—cost our medical system more than $1 trillion each year.

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Ethical efficiency is not just a goal but a necessity for healthy, productive communities. As healthcare evolves and leaders improve their accountability and the Department of Government Efficiency searches for opportunities to reduce waste at the Centers for Medicare & Medicaid Services, healthcare organizations everywhere will likely follow suit and create patient-centered healthcare systems that balance profits with patient outcomes.

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Posted Feb 28, 2025