Oracle Cloud offers numerous features and benefits, but unlocking its full potential may require expert assistance. Let’s discuss how an ERP Solution Company can assist with these challenges while helping your organization maximize the benefits of the software. What is Oracle Cloud Software? Oracle Cloud is a cloud-based platform that offers businesses access to an array of software services such …
Maximizing Business Profitability: Why Hiring an ERP Solution Company for Accounts Payable Audit is Essential
Increase the profitability of your business. One area to focus on is your accounts payable process. Hiring an ERP solution company can be particularly beneficial. Here’s how it can help your organization. What is an ERP Solution Company? An ERP Solution Company specializes in Enterprise Resource Planning software that assists businesses in managing their day-to-day operations including accounting, inventory control …
HR Communication Tips for Enrollment Season
HR Morning During health plan open enrollment season, HR departments can take valuable steps to help reduce confusion and increase employee engagement according to an article from HR Morning. When automated tools and calculators fall short, providers can educate employees about available plans and options to help them make the best decision for their personal situation. Similarly, real-time responses and …
Preparing for Hospital Supply Shortages
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 …
