Healthcare IT Today Slow technology adoption, as well as varying and disparate software options, have long plagued the healthcare industry. Disconnected systems and differences in infrastructure lead to data errors, accessibility issues, and roadblocks to communication among healthcare facilities – and even among departments in a single hospital. Modern ERP systems, however, integrate multiple aspects of healthcare facility management, from …
Data Integrity Lowers Supply Costs
Health Catalyst Hospital supply overspending continues to be an ongoing issue, accounting for billions in costs across the industry. A 2019 analysis by Hawaii Pacific Health identified key areas that data and technology-driven changes can lead to lasting improvements across the entire healthcare supply landscape. Noting that inaccurate data is a major factor in this overspending, HPH recommendations rely on …
Hospitals and Ambulatory Surgery Centers Compete for Outpatient Dollars
Healthcare Finance As ambulatory surgery centers gain traction in the United States, and with proposed revisions to CMS rules abut Inpatient Only procedures, competition for outpatient revenue is likely to increase in coming years. Estimated to grow by 25% in the next decade, ASCs are already performing more than half of all US outpatient procedures. Technological developments (and other changes …
Healthcare Worker Strikes in 2022
Becker’s Hospital Review Becker’s Hospital Review has gathered a list of 10 healthcare labor strikes in the U.S. over the course of the past year. While many were in California, these strikes occurred in states across the nation. Commonly cited reasons include concerns about staffing shortages, working conditions, quality of patient care, and struggles with employee retention. The list includes …
Healthcare Supply Chain Lessons from COVID-19
Supply Chain Quarterly In a broad review from Supply Chain Quarterly, industry professionals looked back at the disruptive effects of the COVID-19 pandemic on healthcare supply chains – and the valuable lessons learned through efforts to stabilize these disruptions. From panic buying to bottlenecks in shipping, reliance on limited manufacturers to workforce shortages, the numerous challenges led healthcare facilities and …
CMS Final Rule Increases Hospital Inpatient Payment Rates
Healthcare Finance A final rule released by The Inpatient Prospective Payment in August of 2022 has increased hospital operating payment rates by 4.3%. According to the Centers for Medicare and Medicaid Services (CMS), this market basket update is the highest in 25 years, and reflects expected growth in hospital worker compensation. The rule also includes equity-focused measures focused on maternity …
