Calculating Employee Turnover

Understanding employee turnover is an important metric for any business. Average rates vary across industries, and there are myriad factors at play, but having a way to calculate the rate at which staff leaves can shed light on potential issues – and help businesses of all kinds plan for the future. A particularly high rate, especially compare to others within …

Operating Rooms Can Waste Millions Per Year in Disposable Medical Supplies

Modern Healthcare Waste generated in operating rooms is increasing the cost of care, and much of that waste comes in the form of unused or wasted supplies. One study from UCSF found that its neurosurgical department wasted an average of $968 of disposable medical supplies per procedure, amounting to $2.9 million in waste per year. They also found that roughly …

Healthcare Providers Face Payment Audit Financial Burdens

Payers and other third parties surrounding the healthcare industry regularly perform payment integrity audits to ensure accuracy, but this practice places a massive financial burden on the healthcare facilities that must cover the administrative costs of being audited. For some facilities, however, these costs are upwards of $1 million per year. Fortunately, emerging technological solutions are helping to reduce this …

Healthcare HR Challenges Across the Industry

Common HR challenges are widespread across the healthcare industry. These issues affect facilities of all kinds, and are directly related to costs for patients, as well as overall availability and quality of care. While large scale efforts are being made to mitigate these ongoing challenges, the broad healthcare industry is facing a shortage of qualified personnel. These shortages come from …

Nationwide, Hospitals Waste Billions in Medical Supplies

U.S. News A 2012 report by the National Academy of Medicine estimates that nationwide, $765 billion of medical supplies are wasted every year. Many of these thrown away items are in perfectly usable condition, and this massive waste contributes directly to rising healthcare costs.  One organization, Partners for World Health, has spent the last decade providing much needed medical equipment …

Post-Payment Review: Understanding the Process

Today’s Wound Clinic Post-payment reviews are a regular occurrence across healthcare facilities of all kinds, and can apply to payments from commercial insurers, workers’ comp, Medicare/Medicaid, and so on. Depending on the type of claim, type of payment, and type of organization, however, these audits can come from different places and have different requirements. This comprehensive overview of auditor types …

Top HR Challenges in The Healthcare Industry

Society for Human Resource Management While healthcare HR departments face numerous challenges every day, looking to the future has facilities of all kinds worried about one massive problem: the shortage of a qualified workforce. The number of healthcare jobs continues to increase, as the overall demand for care, but many of the specialized roles are becoming increasingly difficult to fill. …

Unused Supplies Lead to Millions of Dollars in Hospital Waste

Healthcare Business Tech Each year, healthcare facilities across the country produce a tremendous amount of waste in the form of unused medical devices and supplies. Much of this equipment, like gauze, surgical masks, and catheters, are thrown away despite being in perfectly usable condition and far from their expiration dates. Healthcare waste totals approximately $765 billion per year, and a …

Belmero’s Supplier Returns Managed Service Moves to Performance Based Pricing

Businesses across the world are facing unprecedented challenges in the wake of the COVID-19 pandemic, and the resulting economic impact for industries of all kinds. In an effort to better serve our customers and provide agile solutions to companies who need assistance with supplier returns, we’re unveiling a new pricing model based entirely on performance. This new pricing structure has …

Recovering Vendor Returns

Dealing with Vendor Returns can be a challenge. Any business that gets products from an outside Supplier will likely have to deal with Returns eventually, but without a strong process in place, plenty can go wrong – and that means leaving money on the table and hurting your company’s bottom line. The potential difficulties can be numerous. Properly processing a …