SHRM In addition to equipment shortages, healthcare facilities are facing difficulties finding and retaining qualified staff in the midst of the COVID-19 pandemic. Increased demand for service and heightened safety measures are pulling healthcare workers from other departments and using more protective equipment. At the same time, fewer elective procedures and routine visits are affecting revenue and budgets. Facilities are …
Discarded Medical Supplies Add Up to Millions
Healthcare Finance Wasted and discarded medical supplies account for millions of dollars a year across the healthcare industry. Recent research from the University of California found that this waste amounts to approximately $1,000 per procedure, and that U.S. operating rooms generate more than 2,000 tons of waste per day. While there is widespread disagreement about how to resolve these issues, …
Healthcare Financial Management
Chron Small Business The role of financial management in the healthcare industry is essential, especially as the complexity of the systems continue to evolve. Responsible financial management is important in all businesses, but within the healthcare industry, fiscal strategies are directly related to patient outcomes, overall facility effectiveness, and the general wellbeing of those in need of medical treatment. Healthcare …
Healthcare Facilities are Facing OSHA Fines Related to COVID-19
HR Dive OSHA recently announced $471,337 in safety violation fines related to the COVID-19 pandemic, with healthcare facilities accounting for 30 of the 32 cited workplaces. This continues a trend of healthcare facility citations, particularly within nursing and residential care facilities. While these fines may hurt such facilities financially, the standards are in place to protect workers, and many of …
Developing Care-Centric Supply Chains
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 …
