SHRM In addition to equipment shortages, healthcare facilities are facing difficulties finding and retaining qualified staff in the midst of the COVID-19 pandemic. Increased demand for service and heightened safety measures are pulling healthcare workers from other departments and using more protective equipment. At the same time, fewer elective procedures and routine visits are affecting revenue and budgets. Facilities are …
Discarded Medical Supplies Add Up to Millions
Healthcare Finance Wasted and discarded medical supplies account for millions of dollars a year across the healthcare industry. Recent research from the University of California found that this waste amounts to approximately $1,000 per procedure, and that U.S. operating rooms generate more than 2,000 tons of waste per day. While there is widespread disagreement about how to resolve these issues, …
Healthcare Financial Management
Chron Small Business The role of financial management in the healthcare industry is essential, especially as the complexity of the systems continue to evolve. Responsible financial management is important in all businesses, but within the healthcare industry, fiscal strategies are directly related to patient outcomes, overall facility effectiveness, and the general wellbeing of those in need of medical treatment. Healthcare …
Healthcare Facilities are Facing OSHA Fines Related to COVID-19
HR Dive OSHA recently announced $471,337 in safety violation fines related to the COVID-19 pandemic, with healthcare facilities accounting for 30 of the 32 cited workplaces. This continues a trend of healthcare facility citations, particularly within nursing and residential care facilities. While these fines may hurt such facilities financially, the standards are in place to protect workers, and many of …
