Category Archive

Chron Healthcare HR managers play a vital role in the daily operation of hospitals and healthcare facilities of all kinds, but the responsibilities involved might be murky for individuals outside of the job. While the specifics may vary from facility to facility, the core components of HR management within the healthcare industry are: staffing and placement, legal research, management of …

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 …

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 …

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 …

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 …

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 …

SHRM In addition to equipment shortages, healthcare facilities are facing difficulties finding and retaining qualified staff in the midst of the COVID-19 pandemic. Increased demand for service and heightened safety measures are pulling healthcare workers from other departments and using more protective equipment. At the same time, fewer elective procedures and routine visits are affecting revenue and budgets. Facilities are …

Healthcare Finance Wasted and discarded medical supplies account for millions of dollars a year across the healthcare industry. Recent research from the University of California found that this waste amounts to approximately $1,000 per procedure, and that U.S. operating rooms generate more than 2,000 tons of waste per day. While there is widespread disagreement about how to resolve these issues, …

Chron Small Business The role of financial management in the healthcare industry is essential, especially as the complexity of the systems continue to evolve. Responsible financial management is important in all businesses, but within the healthcare industry, fiscal strategies are directly related to patient outcomes, overall facility effectiveness, and the general wellbeing of those in need of medical treatment. Healthcare …

HR Dive OSHA recently announced $471,337 in safety violation fines related to the COVID-19 pandemic, with healthcare facilities accounting for 30 of the 32 cited workplaces. This continues a trend of healthcare facility citations, particularly within nursing and residential care facilities. While these fines may hurt such facilities financially, the standards are in place to protect workers, and many of …