Becker’s Hospital Review As healthcare supply chains face new challenges related to the COVID-19 pandemic, the industry is gaining a greater understanding of where to focus their efforts. Making patient care the top priority, and managing supply chains accordingly, is placing new emphasis on automation, efficiency, and collaboration among disparate healthcare departments.
The Role of Health Information in Facility Finance
University of Illinois Chicago The healthcare industry, along with developing technology, is generating more data than ever before. This information, including patient billing, plays a vital role in determining healthcare facility finances, and thereby requires robust systems and diligent management. With accurate and well-managed data, healthcare facilities can assess financial risk, create responsible budgets, and ensure that they are providing …
EHR Vendors Fight Back Against Pandemic Burnout
Healthcare IT News With the demands of the COVID-19 pandemic, stressful challenges of uncharted healthcare territory, and the blurred lines of working from home, vendors in the Electronic Health Records industry are working to find strategies that reduce burnout and promote employee wellbeing. Many of these strategies involve stress management, mental health services, and promoting communication not only about work, …
CIOs Look to Missed Opportunities in Healthcare IT
Becker’s Health IT Looking back at 2020, Becker’s Healthcare interviewed 5 hospital and healthcare industry CIOs to uncover missed opportunities over the past year. These executives identified various aspects of IT that could have been better utilized, particularly in regard to the COVID-19 pandemic, most often citing gaps in the way digital experiences were provided to remote patients – as …
2021 Scenarios for Hospital Finance
Becker’s Hospital Review The ongoing COVID-19 pandemic has made healthcare finance an ever-evolving challenge. As 2021 unfolds and vaccine distribution continues, hospital finance professionals are preparing for a range of scenarios, including revenue loss related to recovering patient volumes and vaccine progress. Other noteworthy factors to consider for the future of healthcare finance as a whole stem from the vulnerability …
COVID-19 Leads to New Healthcare HR Approaches
HR Exchange Network Healthcare HR departments have been facing staffing challenges for years, but the ongoing COVID-19 pandemic is causing even more difficulty finding and retaining qualified personnel – as well as suffering morale for those working in the field. To combat these issues, HR departments across the healthcare industry are working to reframe recruitment, help current workers deal with …
Millions in Unused Operating Room Supplies Documented by Johns Hopkins Study
Johns Hopkins Medicine A 2014 study released by Johns Hopkins found that major U.S. hospitals discard a collective $15 million in unused operating supplies each year, and that such supplies could be better utilized to fill shortages, improve quality of care in other countries, and reduce healthcare costs. The study noted 19 specific supplies that most frequently went to waste, …
Hospital Finances Impacted by Widespread Unemployment
Healthcare Finance Healthcare facilities of all kinds, particularly hospitals, are struggling financially in the wake of the COVID19 pandemic. While broader economic trends don’t usually have too much of an effect on the healthcare industry, the current state of the nation is taking a heavy toll on hospital bottom lines. The driving factors stem from the mass unemployment created by …
Pandemic Leads to Healthcare HR Outsourcing
PR Newswire As mass digitization of healthcare systems continues due to the COVID-19, HR departments across the industry are leaning on outsourcing and cloud-based solutions to keep up with demand, and finding that pandemic-related disruption is causing them to rethink their relationship with both outsourcing and its pursuant technology. Nearly all surveyed respondents (96%) noted the importance of restructuring human …
Financially Strong Health Systems
Becker’s Hospital CFO Report To showcase health systems with strong financial positions and operational metrics, Becker’s compiled a list of 8 leaders in the industry, each a standout in their geographical areas and an example for other systems and facilities to emulate. Each health system was given a ratings based on Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings. …
