A large observational study in JAMA found that non-profit hospitals that engaged management consultants had NO statistically significant differences in either patient outcomes OR finances. It begs the question: If they are adding such minimal value, WHAT exactly justifies their multi-million dollar contracts?? 🤔

"More than 20% of nonprofit hospitals hired management consultants during the study period. Nonprofit hospitals that hired management consultants paid an average of $15.7 million for their services, and nonprofit hospitals collectively spent more than $7.8 billion on these services from 2009 to 2023. Despite this substantial investment, analyses of hospitals’ financial performance, operational decisions, and claims-based patient outcomes revealed little evidence of substantial, statistically significant, or systematic improvements attributable to consulting engagements."

Study here:jamanetwork.com/journal…