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Hospital Budget Systems Are Holding Back Innovation

Harvard Business

Nearly 800 digital health startups were funded in 2017, an all-time high. A department running over its budget during a fiscal year must reduce its expenditures to meet the annual spending target regardless of the consequences in future years. Gillian Blease/Getty Images. health care system. Problem 2: Rigid annual operating budgets.

System 28
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Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

Harvard Business

That deal sent the price of Brent crude oil to above $70 a barrel in January, after the industry that had suffered through $54 per barrel oil on average in 2017. oil supply may be enough on its own to meet all of this year’s growth in global oil demand. These increasingly efficient survivors now represent half of U.S.