RAC Monitor Unclaimed or erroneous medical device credits remain an ongoing issue in the healthcare industry. A 2021 audit by the U.S. Department of Health and Human Services Office of Inspector General has identified five critical mistakes made by hospital and healthcare staff (and the systems they follow) that contribute to lost revenue, worse patient experiences, and beyond. These mistakes …
COVID Variants and Increased Expenses Challenge Hospitals
Healthcare Finance While many hospitals and healthcare facilities finished 2021 in better financial shape than they did in 2020, massive spikes in case numbers related to the Omicron variant of COVID-19, as well as ongoing supply chain issues across numerous industries, have created persisting challenges well into 2022. Thin margins, labor shortages, fewer elective procedures, and increased equipment costs (among …
HR Executive Provides Valuable Insight
Human Resource Executive An interview with CHRO Maxine Carrington provides valuable insight and advice for human resource departments across the healthcare industry. Over a diverse career, Carrington has absorbed and applied numerous lessons, many of which helped her navigate the challenges of the COVID-19 pandemic. This interview highlights her background in labor relations, how she tackled the pandemic through emergency …
Device Warranty Credit Automation
Modern Healthcare Outstanding warranty credits remain an ongoing challenge for healthcare facilities, resulting in millions of unclaimed dollars and contributing to the larger issues of billing errors, administrative overload, and general financial liability. Visibility and inter-department communication are major factors in the difficulty of warranty credit tracking, but a new automation solution could help resolve many of these problems. The …
Labor Issues Identified as Hospitals’ Primary Concern
Healthcare Financial Management Association In a review of the first quarter of 2022, labor and staffing issues remain the primary concern for hospitals and healthcare facilities across the United States. Several key trends are contributing to these concerns, mostly stemming from residual effects of the COVID-19 pandemic. These trends include reduced numbers of elective procedures, declining profit margins, and high …
Global Importance of Healthcare HR
Bio Med Central: Human Resources for Health A 2006 research paper examined the global impact of healthcare human resources on overall patient outcomes and delivery or services. By comparing healthcare systems across the United States and Canada, researchers found a strong relationship between proper management of human resource departments and higher quality of care. The paper also provides suggestions for …
2018 Hospital Warranty Credit Report Highlights Problems
Star Tribune A 2018 report that reviewed 210 hospitals found a failure to report approximately $4.4 million in warranty credits that should have been sent to Medicare. In examining 296 surgeries to replace problematic medical devices for Medicare beneficiaries, none of them were properly billed. While this report is several years old, it highlights the essential need for systems and …
U.S. Hospitals See Unequal Financial Hit and Relief During COVID
CIDRAP A trio of recent studies have shed new light on the disparities facing hospitals in the wake of COVID-19. One study published in JAMA Health Forum focuses on fund allocation, finding that a disproportionate amount of federal relief funds went to the already best-equipped facilities, among other details related to average funding amounts, total funds distributed, and questions about fund …
HealthCareSource Improves U.S. Healthcare Talent Management
symplr Talent management software HealthCareSource (by developer symplr) is now being in used in more than a third of U.S. healthcare facilities to bring data-driven and patient focused solutions to talent acquisition, employee development, performance evaluations, and beyond. These comprehensive tools reflect the growing demand for sophisticated, interconnected healthcare HR systems that can help staff keep up with the industry’s …
COVID-19 Leads to Hospital Supply Chain Changes
The Ohio State University Wexner Medical Center The COVID-19 pandemic led to countless changes across the healthcare industry, including supply chain challenges. Because of the critical role of PPE in reducing the spread of COVID-19, demand in healthcare facilities increased – while at the same time, manufacturing, shipping, and other components of the supply chain were facing challenges of their …
