Hospital Financial Management professionals need to get a new perspective in order to see how PeopleSoft can continue to give them bigger returns on investment. A hospital can sometimes appear to operate like a retail consumer business by being expected to constantly identify cost saving opportunities while using the same resources they have over and over again to achieve better results. PeopleSoft ERP has excellent solutions …
Hospital HR: Creating a Safe Environment for Your Hospital
You may think you know a lot about Hospital HR; but are you aware of the role they can play in Hospital security? We all know about the surge in violence in America. What you probably didn’t know is that hospital staff is often a target in these attacks. 63% of all non-fatal attacks in the U.S. occur in hospital or social …
Hospital ERP is the Foundation of Quality Patient Care
It is well understood that the bottom line for a hospital is that it delivers excellence in patient care. What happens behind the scenes in human resources, supply lines, financial management and all the other myriad details is where a hospital must function like any other corporate structure.Resource management software, such as PeopleSoft ERP, is a vital tool in making integrated …
Hospital Supply Chain – What to Look For When Seeking Assistance
The rising cost of healthcare is on everyone’s minds. Citizens worry about how they’re going to pay their medical bills while hospitals and medical facilities explore different ways they can further reduce expenses. Today, hospital managers have been forced to make some huge changes to the methods they use to keep costs low and while also going to some impressive …
Five Challenges in Supply Chain Management
Supply Chain Management is the most critical area of concern for hospitals. It is critical to the health and safety of patients and staff to have the right tools available to the right people at the right time. A recent survey published by Healthcare Finance News reported on the top five challenges of managing hospital supply chains: Cost-savings goals: The first area …
Increasing Healthcare Management Efficiency
Often times, healthcare management is more concerned about profits and losses without really taking the time to analyze whether the hospital is running efficiently. Especially now with the Affordable Care Act in full effect, hospital management is more concerned about how to deal with the increase of patients and implementing procedures to accommodate them. In fact, The Commonwealth Fund released findings that …
Hospital Supplier Management Software: 3 Important Things to Keep in Mind
Managing a hospital is not an easy endeavor. Managers have to be adept at keeping several balls in the air. Knowing three steps for successful hospital supplier management software makes the professional lives of hospital managers a great deal easier, allowing them to focus their attention on other things. The Problem Dealing with vendors and making sure the hospital is fully stocked …
Supply Chain Automation Saves Time and Money
The latest headlines in Healthcare IT are all about saving money by boosting the supply chain. Published just weeks ago, this article highlights the advantages of implementing an automated hospital supply chain for larger hospitals. Of all the “extraneous” costs associated with running a hospital, managing suppliers and spending hours negotiating with vendors should not be one of those. Time is …
Hospital Financial Management Has Never Been So Important
A report released by Moody’s Investor Services early in the fall of 2014 painted an alarming picture of the financial health of nonprofit hospitals. They have posted their second year of revenue declines and have experienced record-breaking low rates of growth of revenue. Median revenue growth has historically been around 7%; in 2014, it has dropped to 3.9%. Reasons for the low …
Hospital Supplier Management: A Holistic Approach
At the heart of every hospital is a commitment to providing the most comprehensive and complete care possible. From this core mission every aspect of managing a successful healthcare facility must be handled with diligence and attention to detail. At the same time, however, you want to spend more time providing excellent training for your faculty and unparalleled care for …
