Washington Post Over the past two years, hospitals across the healthcare industry have reported losses in the billions, partially due to postponed elective procedures. This massive downturn in revenue has prompted reviews of historical hospital financing, including the roles of Wall Street, government funding, and the insurance industry in driving development, treatments, and facility construction. Multifaceted issues plague the current …
Hospitals Use Text Messaging for COVID Exposure Warnings
Employee Benefit News Technological developments continue to change the way industries manage the challenges of the COVID-19 pandemic. For the past year, hospital HR departments have been able to use emerging technology like FastCommand to send text messages to staff alerting them to possible COVID exposure, among other urgent notifications. This tool (and others like it) ease the burden on …
Managing Hospital Supply Shortages
Harvard Business Review Supply chain shortages have created numerous and ongoing problems for healthcare facilities of all kinds. Through strategies and best practices, however, these challenges can be eased, and help hospitals keep up with the pressing demand for medical supplies, PPE, and so on. The primary strategies for managing supply shortages rely on data, understanding interdependencies, forecasting potential bottlenecks, …
Hospital Partnerships with Recreation Facilities
National Recreation and Park Association Parks and recreation centers help promote public health through fitness activities, enjoyable spaces, and access to therapeutic treatments. Growing connections among healthcare priorities and preventative strategies have led to partnerships between wellness centers and hospitals. In one specific example, the Evanston Northwestern Healthcare Corporation is leasing over 10,000 square feet of the Glenview Park District …
Top HR Challenges in Healthcare
SHRM Staffing shortages and difficulty finding qualified personnel remain leading challenges for healthcare HR systems, particularly in rural areas where the availability of specialists is few and far between. Looking to the causes of these challenges, SHRM has identified several major contributing factors – including burnout, retirement, and gaps in technological skills. To overcome these persistent problems, healthcare facilities of …
Expansion and Innovation in Medical Waste Containers
Open PR Data and predictions from the Global Medical Waste Containers Market Study identify increasing demand for medical waste containers, citing increased waste generated by the COVID-19 pandemic as well as growing awareness and mitigation of healthcare waste at large. Production of medical waste containers has expanded to meet demand, and is likely to continue to increase over the coming …
Healthcare Finance Trends: Past, Present, and Future
The George Washington University School of Business Understanding past trends is an essential part of working in healthcare finance. As guidance for those pursuing a healthcare-focused MBA, The George Washington University School of Business notes several past and present trends that are likely to continue into the future, including increase drug prices, the aftermath of the COVID-19 pandemic, and the …
Common Healthcare HR Challenges
Bamboo HR Even before the COVID-19 pandemic, healthcare HR has faced ongoing challenges. Across the industry, these issues have persisted through the pandemic as well. Bamboo HR highlighted four major problem areas in a 2019 article, and these concerns remain at the forefront of healthcare human resources in 2022. The most prominent issues are staffing shortages, turnover rates, employee burnout, …
COVID-19 Pushes Hospitals to Rethink Supply Waste
Supply Chain Dive Medical waste has been a major problem for healthcare facilities of all kinds since well before the COVID-19 pandemic, but with increasing demand for PPE and other equipment, concerns about waste have increased as well. The economic and environmental impact of medical waste, along with lessons learned while battling the pandemic, have led facilities across the country …
Hospital and Healthcare Spending in Review
Urban Institute Using detailed financial information, a report from Urban Institute looks at healthcare expenditures across a variety of factors, including state and local spending, federal spending, differences across states, and beyond. Looking primarily at data from 2018 and statistics from previous years, this report provides a powerful tool for comparison in today’s rapidly changing healthcare ecosystem.
