D Magazine With ongoing effects of the COVID-19 pandemic, as well as challenges that exist outside of pandemic-related issues, hospital supply shortages persist across the industry. Providing expert insight from Isikel managing partner Valerie Vickrey, D Magazine looks at ways hospitals can proactively prepare for shortages in the future. Vickrey notes that consistent inventory review, utilizing domestic manufacturers, and determining …
Colorado Price Transparency Law Addresses Federal Shortcoming
Fierce Healthcare Colorado’s recent hospital price transparency law, which requires facility websites to provide detailed pricing breakdowns, also prevents hospitals and their agents from initiating or pursuing debt collection if their are not in compliance. This law goes beyond federal price transparency requirements, and lays the groundwork for other states seeking to enact similar patient protections. The law also provides …
Improving Healthcare Perceptions for Black and Latino Patients
HR Dive In a 2020 Behavioral Health Survey from McKinsey, results show that Black and Latino patients have negative perceptions about the healthcare industry. Some of these perceptions stem from negative personal experience, high costs, and difficulty with access, as well as beliefs that minority groups receive lower quality treatment than their white counterparts. To address these negative perceptions, HR …
A Unique Approach to Supply Chain from Stanford Health Care
HealthLeaders With a focus on communication, resiliency, and optimizing technology, the supply chain system of Stanford Health Care (SHC) is bringing a unique approach to the healthcare industry and providing a blueprint for how other organizations can improve their approach. Serving three hospitals and 96 clinics, the SHC system is led by Chief Supply Chain Officer Amanda Chawla, who sees …
Healthcare Spending Exceeds $3 Trillion
HealthLeaders In a 2022 report examining rising healthcare costs, ValuePenguin by LendingTree found that healthcare spending rose from $2.69 trillion in 2016 to $3.07 trillion in 2019. Stemming from higher premiums, copays, deductibles, and overall costs, much of this financial burden is falling to patients. A review from HealthLeaders identifies a variety of reasons for this increased cost/spending, from an …
Hospital Staff Retention Efforts Include Child Care Centers
Benefits Pro Staff shortages remain an ongoing problem for hospitals across the healthcare industry, but some facilities are increasing retention by including child care as a component of employee benefits, particularly through hospital owned and operated child care centers. While accessibility and capacity create additional challenges, the increasing availability of these programs will likely help mitigate the rising trend of …
Hospitals Tackle Supply Chain and Staffing Shortages
U.S. News Hospitals and other healthcare facilities are facing ongoing financial and operational pressures stemming from a variety of factors. In the wake of this instability, U.S. News recently reported the myriad ways hospitals are addressing these issues. Noting technological solutions, policy changes, focus on staff wellbeing, and other strategies, the article acknowledges the complexity of the problems and the …
How Healthcare is Affected by the Inflation Reduction Act
Healthcare Finance Passed in August of 2022, the Inflation Reduction Act stands to impact several key areas of the healthcare industry. Outlined in a report from Healthcare Finance, these benefits include an extension of the Affordable Care Act, caps on medication out-of-pocket drug expenses for Medicare beneficiaries, and the ability for Medicare to negotiate drug prices. While some of these …
Healthcare Enterprise Integration Requires Leadership
Becker’s Healthcare Review In the continually modernizing healthcare environment, integrating technological solutions and platforms is both a necessity and an ongoing challenge. In a recent article looking at the systems commonly used and factors that lead to failed integration, Becker’s Hospital Review has noted key strategies that operations leaders can (and should) use to move their organizations toward transformative enterprise-wide …
California Insurance Access Impeded by Human Error and Computer Glitches
Healthcare IT News As many Californians seek health insurance through the state’s expansion of the Affordable Care Act, small errors continue to cause major setbacks for people in need. Small fluctuations in income can affect eligibility, but entry errors and computer glitches can cause major issues for individuals and families that should be eligible for coverage. Healthcare IT News reports …
