The Conversation Nearly a quarter of US healthcare spending is related to wasted supplies, a staggering figure estimated between $760 and $935 billion. The persistent COVID-19 pandemic has created increased financial pressure on healthcare facilities across the industry, leading to lower margins, reduced revenue, and even more supply waste. As this troubling information continues to emerge, many healthcare facilities are …
Supply Chain Difficulties with PPE Inventory
Supply Chain Dive Citing reports generated across the summer of 2020, numerous healthcare facilities (especially smaller, more rural hospitals) are facing shortages of PPE inventory related to supply chain issues across the healthcare industry. Get Us PPE reported that 77% of surveyed facilities had no remaining supplies of at least one type of PPE. Of these affected facilities in rural …
10 Things to Know About 2021 Hospital Finance
Becker’s Hospital CFO Report The ongoing impact of the COVID-19 pandemic has spread across the healthcare industry, including many key areas of hospital finance. In a recent breakdown from Becker’s Hospital Review, ten major points were presented, many focused on revenue losses, rural facility closures, and reduced operating margins. These reports come from various sources, which reviewed hospitals of multiple …
Human Resource Management and Hospital Health
Sage Journals Noting a gap in hospital-focused studies of people management and high-commitment management among the existing research, a 2018 paper titled “HRM and the health of hospitals” reviews the complex role that HRM plays in healthcare. In exploring a “HRM-performance nexus,” the authors show connections between HRM policies, the actions of HR and management professionals, and the overall performance …
Supply Chain Market Forecast Looks to Digitization, COVID-19 Impact, and Beyond
Yahoo! Finance A recently released forecast from Reportlinker.com, aptly titled “Digitization in Logistics Supply Chain Market Forecast to 2027 – COVID-19 Impact and Global Analysis by Component; Organization Size; Industries,” takes a comprehensive view of recent events and emerging trends to predict supply chain changes over the next 5 years. The changing landscape of technology is expected to change global …
