Workest (Powered by Zenefits) Payroll is a critical part of a functioning HR department. For smaller businesses, leaning on automated solutions, outsourcing, or a combination of such agile solutions is the new norm. However a company chooses to structure their payroll department, it must first and foremost serve the best interest of the staff, including timely paychecks, accuracy, responsive communication, …
Hospitals Are Taking Control of Their Supply Chain in Two Major Ways
Supply Chain Dive To combat issues within their supply chains, some hospitals take on a model of self-distribution, bypassing third party distributors to work directly with the suppliers of essential equipment and supplies. While this approach of connecting to manufacturers without a distribution company includes large upfront costs (particularly in transportation), it can also yield tremendous savings in the long …
COVID-19 and Adopting Digital Technology
Healthcare IT News Over the course of 2020, the ongoing pandemic has caused major disruptions in the healthcare space, among many other industries. These disruptions, as well as the mounting healthcare needs of the public, have led to massive adoption of digital technologies that had previously been resisted, ignored, or deprioritized. As of June 2020, telehealth adoption in the US …
Best Practices for Onboarding Employees in 2021
Workest (Powered by Zenefits) Because of the COVID-19 pandemic, HR departments across industries are contending with unprecedented and unpredicted changes in the way their companies operate. To help mitigate these difficulties in the coming year, HR departments should examine and fine tune their employee onboarding processes to better fit the current state of the world. These best practices include remote …
5 Healthcare Industry Predictions for 2021
Fierce Healthcare The impact of COVID-19, the pace of technology, and shortages in qualified healthcare workers have spurred major changes across the healthcare industry. Looking to the future, several predictions have been made about what to expect in the coming years, including consolidation of hospitals, financial disruption, increased demand for telehealth, and continued difficulty dealing with high patient volumes. Using …
All About Independent Contractors
Workest (Powered by Zenefits) Independent contractors are becoming more common across industries of all kinds. Some HR departments, however, might not have a clear understanding of the capabilities, tax implications, value, and potential drawbacks of working with such contracted employees. Taking a broad look at the ins and outs of hiring independent contractors is essential.
COVID-19 Causing Unprecedented Financial Pressure for Health Systems
American Hospital Association The impact of the COVID-19 pandemic can be felt across industries, but hospitals and health systems are facing particularly devastating financial pressures. Many factors are at play, from facilities at capacity with COVID patients to unmet worker demand, increased costs of staffing to revenue lost from canceled surgeries/procedures. These aggregate costs, along with PPE, reduced emergency room …
Listening to Employees is Critical
Employee engagement remains a challenge for many companies and across many industries. Plenty of businesses know to pay close attention to the opinions and behaviors of their customers, yet don’t extend the same listening ear to their staff. Studies repeatedly show that employees who feel heard, valued, and involved in decision making are more engaged, more productive, and over the …
Medical Waste and the Rising Healthcare Costs
Minnesota Nurses Association Medical waste in hospitals, nursing homes, and beyond is a contributing factor to the record high costs of healthcare in the United States. Hospital spending accounts for approximately 32% of overall costs, and increasing evidence identifies wasted supplies as a driver of expenses that are passed on to patients. These issues go well beyond just hospital waste, …
Healthcare Finance Leaders Seek Automation
A survey conducted by Alpha Health found that roughly 92% of respondents think automation tools would greatly improve their ability to manage revenue cycles. Administrative costs are a driving factor of this opinion, as are the standardize, repetitive tasks that occupy a significant portion of staff working hours. Many leaders find themselves using a cobbled together set of technological solutions, …
