Category Archive

SHRM With the continuing rise of remote employment across numerous industries, human resources departments are rethinking traditional approaches to employee onboarding. Incoming employees still need training, support, and to feel like part of the organization, but these essential components of onboarding become more challenging when staff isn’t sharing a physical space. In a detailed overview from SHRM, HR directors discuss …

ERP Solutions Review ERP systems are a critical tool for healthcare facilities to manage inventory, reduce supply waste, and ensure proper accounting for supplier credits and other supply chain elements. ERP Solutions Review has created a list of 13 trusted ERP solutions either designed for healthcare, or fully customizable to meet the needs of hospitals and other related facilities.

RevCycle Intelligence Citing a report from Kaufman Hall, RevCycle has provided a concise review of healthcare merger and acquisition activity for the first quarter of 2022. While transactions with for-profit sellers were up, mergers and acquisitions – as well as the sizes of the deals – were down. The industry saw 12 transactions totaling $2.95 billion, compared to 13 transactions …

Missouri Hospital Association The impact of the COVID-19 pandemic on the healthcare industry cannot be overstated, and the massive changes across the industry include workforce management and planning. As shown in a detailed report from the Missouri Hospital Association, the trend of healthcare workforce shortages began before the 2020 crisis, but silver linings have also emerged. Through difficult lessons, the …

Florida Independent With the ongoing issue of hospital supply waste and overspending plaguing healthcare finance, Florida Independent has identified several key ways that facilities can find savings. With recommendations for brand comparisons, reducing middle men, and more strategic purchase timing, this guide seeks to educate equipment buyers about overlooked opportunities to cut spending without sacrificing equipment quality or availability.

Becker Hospital Review In a February 2022 report from Kaufman Hall, financial strain from December to January show a potentially dangerous trend related to COVID-19 surges. For the first time in 11 months, hospital margins were negative, with an operating index of -3.68 percent (-3.3 percent with CARES). While this setback is directly related to the Omicron surge during that …

Fortune Initially highlighted through the surge of COVID-19 cases and the Omicron variant, the healthcare labor market is struggling to find and maintain adequate staffing due to high stress, personal health concerns, and perhaps most notably, lack of compensation for the level of work required from healthcare professionals. Noting that healthcare wages were struggling to keep up with Walmart wages …

MarketWatch Financial leakage and waste is a major problem facing the healthcare industry, with an estimated $760 billion or more per year wasted through overtreatment, poor coordination among departments, supply waste and a litany of other issues. With supply waste on the rise and the persistent effects of the COVID-19 pandemic still putting pressure on healthcare facility bottom lines, this …

Healthcare Dive Ongoing impact from the COVID-19 pandemic continues to affect numerous aspects of the healthcare industry. At the forefront of these challenges are staffing issues, and drastically reduced revenue as people are opting for fewer elective procedures, increased spending on employee retention incentives, and skyrocketing prices across the supply chain. These trends will take time and significant recalibration to …

Healthcare IT News Reflecting on the trials and tribulations of the past year, Penn Medicine CIO Mike Restuccia advises healthcare industry leaders to learn from the hard lessons of 2021, and employ those lessons as the building blocks for 2022 and beyond. He identifies two key strategic areas highlighted by the ongoing challenges of the COVID-19 pandemic: the need to …