TechTarget Reporting on two similar incidents of trouble stemming from payroll system migration, TechTarget has provided a larger warning about what facilities and healthcare systems may face when implementing new technologies. Looking at the experiences of both Providence Health & Services and Sutter Health, each with numerous facilities and large workforces, the article notes payroll disruptions, employees not receiving paychecks, …
Medical Device Credits: Findings from a Federal Audit
RAC Monitor In reviewing a 2021 federal audit performed by the U.S. Department of Health and Human Services Office of Inspector General, RAC Monitor has identified five problem areas that contribute to noncompliance and other critical errors. Citing errors related to miscalculation of credit thresholds, not pursuing available credits, misreporting, and overlooking line-item adjustments, these findings identify major areas of …
Fitch Ratings Downgrades Nonprofit Hospital Outlook
Healthcare Finance Citing investment losses, eroding margins, and labor challenges, Fitch Ratings has downgraded the nonprofit hospital outlook to “deteriorating.” This outlook, related to ongoing issues from the COVID-19 pandemic, staff shortages, and other inflationary pressures, reflects a rough 2022 and the likelihood of difficulties for nonprofit healthcare systems in the future. Business models will need to undergo significant changes …
Comprehensive Healthcare ERP Unlocks Efficiency
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 …
Hospital Execs Discuss Supply Chain Challenges
Beckers Hospital Review During the height of the COVID-19 pandemic, hospitals faced unprecedented supply chain challenges, many of which persist into 2022. During the peak of this crisis, Beckers Hospital Review published a collection of statements and advice to peers from a range of hospital executives. Much of this advice continues to be applicable today as hospitals and other healthcare …
