Johns Hopkins Medicine A 2014 study released by Johns Hopkins found that major U.S. hospitals discard a collective $15 million in unused operating supplies each year, and that such supplies could be better utilized to fill shortages, improve quality of care in other countries, and reduce healthcare costs. The study noted 19 specific supplies that most frequently went to waste, …
Hospital Finances Impacted by Widespread Unemployment
Healthcare Finance Healthcare facilities of all kinds, particularly hospitals, are struggling financially in the wake of the COVID19 pandemic. While broader economic trends don’t usually have too much of an effect on the healthcare industry, the current state of the nation is taking a heavy toll on hospital bottom lines. The driving factors stem from the mass unemployment created by …
Pandemic Leads to Healthcare HR Outsourcing
PR Newswire As mass digitization of healthcare systems continues due to the COVID-19, HR departments across the industry are leaning on outsourcing and cloud-based solutions to keep up with demand, and finding that pandemic-related disruption is causing them to rethink their relationship with both outsourcing and its pursuant technology. Nearly all surveyed respondents (96%) noted the importance of restructuring human …
Financially Strong Health Systems
Becker’s Hospital CFO Report To showcase health systems with strong financial positions and operational metrics, Becker’s compiled a list of 8 leaders in the industry, each a standout in their geographical areas and an example for other systems and facilities to emulate. Each health system was given a ratings based on Fitch Ratings, Moody’s Investors Service, and S&P Global Ratings. …
Healthcare Organizations are Unprepared for Cyberattacks
Help Net Security A survey by Black Book Market Research found that some 73% of health system, hospital, and physician organizations are unprepared to respond to cyberattacks, including record breaches. A strong majority (96%) of surveyed IT professionals agreed that hackers are outpacing the capabilities of healthcare cybersecurity, putting the industry at a significant disadvantage. Talent shortages, impact of pandemic, …
Many Hospitals are Managing Supply Chain Data Manually, If At All
Healthcare IT News According to a survey sponsored by Syft, a supply chain management vendor, hospitals across the healthcare industry are using substandard methods for supply chain management, including manual processes that could be drastically improved through technology. Nearly half of respondents reported using spreadsheets and other “by hand” methods for inventory tracking, despite acknowledging the ROI and improved outcomes …
Hospital Financial Stability Directly Related to Quality of Care
US National Library of Medicine An in depth study of 109 New York State acute care facilities has confirmed, in greater detail, the equivocal findings by a number of other research projects: that the quality of care, patient safety, and overall experience provided by a healthcare facility is directly related to its financial performance. Through multiple measures of financial performance …
Boost Employee Engagement
Workest (Powered by Zenefits) Employee engagement is vital for successful organizations, and HR departments (and other leadership roles) have a duty to cultivate an engaged, motivated workforce. While there are many factors involved in maintaining an engaged staff, some critical measures include hiring the right people, providing a clear mission, providing necessary tools for success, consistent employee surveys, rewards and …
American Hospitals Throw Away $15M in Unused Surgical Supplies Each Year
Hub – Johns Hopkins University A report published in the World Journal of Surgery found that each year, American hospitals collectively throw away upwards of $15 million in unused surgical supplies. These perfectly usable supplies are discarded, despite their condition – and usefulness to other facilities. The researchers found that some of this waste stems from “bundling,” where surgical materials …
COVID-19 Creates Increased Risk of Healthcare Cyberattacks
Healthcare IT News Global technology company Acronis predicts an increase in cyberattacks on healthcare industry facilities and technology in the face of pandemic-related disruptions. Increased demand for telehealth and digital solutions has led to a scramble for technology adoption, and such urgency is likely to result in vulnerabilities. This could extend to individuals working within the healthcare field because of …
