Becker’s Health IT In recent comments from a Forrester analyst, investment in healthcare AI was deemed as a “business necessity” for healthcare systems across the industry. Developments in artificial intelligence, as well as its future potential, stand to reduce errors in hospital billing and inefficiencies with data, and help healthcare companies leverage massive amounts of information to improve both patient …
How Technology Improves Healthcare Affordability
Becker’s Hospital CFO Report Medical costs remain a major challenge for both patients and healthcare facilities. After a panel discussion hosted by Becker’s Hospital Review and sponsored by Flywire, a review of key takeaways shows how technological advances can help improve affordability and transparency across the healthcare industry. Technology allows – and will continue to allow – for price transparency, improved payment …
How ERP Systems Improve Healthcare
Global Health & Pharma The development of sophisticated ERP technology has changed the way hospitals and healthcare facilities operate, and provides numerous improvements over previously used methods of data tracking. In an overview of these benefits, GHP identifies critical areas that improve healthcare systems for both staff and patients. These benefits include easier access to medical records, improved patient confidentiality, …
2022’s Top Supply Chain Programs
Becker’s Hospital Review Over the course of the COVID-19 pandemic, the importance of strategic supply chain management, innovation, and contingency planning has become more apparent than ever. With this in mind, universities across North America are investing in supply chain programs that will help future generations prepare for existing challenges and navigate the ever-changing landscape of these complex systems. Gartner, …
Remote Work Prompts Onboarding Changes
SHRM With the continuing rise of remote employment across numerous industries, human resources departments are rethinking traditional approaches to employee onboarding. Incoming employees still need training, support, and to feel like part of the organization, but these essential components of onboarding become more challenging when staff isn’t sharing a physical space. In a detailed overview from SHRM, HR directors discuss …
Healthcare ERP Solutions
ERP Solutions Review ERP systems are a critical tool for healthcare facilities to manage inventory, reduce supply waste, and ensure proper accounting for supplier credits and other supply chain elements. ERP Solutions Review has created a list of 13 trusted ERP solutions either designed for healthcare, or fully customizable to meet the needs of hospitals and other related facilities.
Q1 2022: Record Low Healthcare Mergers and Acquisitions
RevCycle Intelligence Citing a report from Kaufman Hall, RevCycle has provided a concise review of healthcare merger and acquisition activity for the first quarter of 2022. While transactions with for-profit sellers were up, mergers and acquisitions – as well as the sizes of the deals – were down. The industry saw 12 transactions totaling $2.95 billion, compared to 13 transactions …
Workforce Planning in the Wake of COVID-19
Missouri Hospital Association The impact of the COVID-19 pandemic on the healthcare industry cannot be overstated, and the massive changes across the industry include workforce management and planning. As shown in a detailed report from the Missouri Hospital Association, the trend of healthcare workforce shortages began before the 2020 crisis, but silver linings have also emerged. Through difficult lessons, the …
Hospital Equipment Savings Guidance
Florida Independent With the ongoing issue of hospital supply waste and overspending plaguing healthcare finance, Florida Independent has identified several key ways that facilities can find savings. With recommendations for brand comparisons, reducing middle men, and more strategic purchase timing, this guide seeks to educate equipment buyers about overlooked opportunities to cut spending without sacrificing equipment quality or availability.
January Report Sets 2022 Hospital Finance Trend
Becker Hospital Review In a February 2022 report from Kaufman Hall, financial strain from December to January show a potentially dangerous trend related to COVID-19 surges. For the first time in 11 months, hospital margins were negative, with an operating index of -3.68 percent (-3.3 percent with CARES). While this setback is directly related to the Omicron surge during that …
