Fortune Initially highlighted through the surge of COVID-19 cases and the Omicron variant, the healthcare labor market is struggling to find and maintain adequate staffing due to high stress, personal health concerns, and perhaps most notably, lack of compensation for the level of work required from healthcare professionals. Noting that healthcare wages were struggling to keep up with Walmart wages …
Pandemic Pressure May Slow Hospital Financial Waste
MarketWatch Financial leakage and waste is a major problem facing the healthcare industry, with an estimated $760 billion or more per year wasted through overtreatment, poor coordination among departments, supply waste and a litany of other issues. With supply waste on the rise and the persistent effects of the COVID-19 pandemic still putting pressure on healthcare facility bottom lines, this …
Healthcare Finance Trends for 2022
Healthcare Dive Ongoing impact from the COVID-19 pandemic continues to affect numerous aspects of the healthcare industry. At the forefront of these challenges are staffing issues, and drastically reduced revenue as people are opting for fewer elective procedures, increased spending on employee retention incentives, and skyrocketing prices across the supply chain. These trends will take time and significant recalibration to …
2021 Lesson for 2022 Healthcare Finance Strategy
Healthcare IT News Reflecting on the trials and tribulations of the past year, Penn Medicine CIO Mike Restuccia advises healthcare industry leaders to learn from the hard lessons of 2021, and employ those lessons as the building blocks for 2022 and beyond. He identifies two key strategic areas highlighted by the ongoing challenges of the COVID-19 pandemic: the need to …
