Modern Healthcare In a recent episode of the Beyond the Byline podcast, finance reporters Alex Kacik and Tara Bannow discussed the impact COVID-19 has had on hospital finance, as well as what professionals in that industry can expect in the future. They touch on increased margins related to an influx of privately insured patients, the buying power of larger healthcare …
Resilience is Essential for Healthcare Supply Chain Leaders
Supply Chain Management Review The tremendous effects of the COVID-19 pandemic are still unfolding, but have already provided valuable lessons for leaders in healthcare supply chain management. In the wake of so many disruptions and unexpected setbacks, the need for more resiliency is becoming a priority across the industry. Leaders are gaining a deeper understanding of the importance of many …
The Growing Role of Technology in Healthcare HR
SHRM Digital information and cloud technology have made significant changes in the way healthcare HR professionals do their jobs, and this trend is sure to continue over the next decade and beyond. Not only are these technologies streamlining operations and helping to improve patient and business outcomes, they have also become an attractive component of recruiting new staff, as well …
Resiliency is a Must for Healthcare Supply Chain Leaders
Supply Chain Management Review As the pandemic continues to disrupt the healthcare industry, supply chain leaders have faced – and continue to face – numerous challenges. As supply chains scramble to solve unforeseen issues and fill unprecedented needs, developing resilience and agility is an absolute must. For many leaders, investing in personal training to develop these skills will continue to …
Hospitals Face Negative Operating Margins in 2021
Healthcare Finance Despite the steadily increasing vaccination numbers, hospitals across the United States are still navigating the financial impact of the pandemic. Data and projections for 2021 aren’t optimistic, with a recent report from Kaufman Hall estimating that a minimum of 39% of hospitals will have negative operating margins throughout the year, particularly those in rural areas. Even as public …
