Change is inevitable. Year to year, small variations can render processes obsolete – or at least inaccurate – and that means that annual process reviews are critical for keeping documentation accurate. Whether it’s a software update, an adjustment in a service offering, a new version of a product, differences in company policy, or any of a range of other changes, …
Healthcare Reform Initiatives and Hospital Financial Management
These days, the news often carries stories of how state and federal governmental entities are altering the way they pay for citizens’ medical bills. Among the discourse are buzzwords like Medicare, Medicaid, and Obamacare. The frequency of change in healthcare reform implementation has made it more important than ever that hospital financial management be up to date on how these changes affect their financial statements. And …
ERP Changes in Hospital Financial Management
While ERPs are often seen as a fancy software system for managing different aspects of your operations, sometimes events happen in the industry which bear in mind the need to remember that an ERP is an enterprise resource planning system. For hospital financial management teams, the industry-wide ERP changes motivated by the 2010 ACA are creating several new pain points creating innovation …
Compliance Measures in Hospital HR
Though it may not seem like it, a hospital’s HR department is under quite a bit of stress. Of course they handle things you would expect from HR -customer relationships, complaints, and so forth. But hospitals have the additional stress of complying with the HIPAA act. At first glance, it would seem that HIPAA regulations really only dictate IT departments in hospitals, …
Hospital HR – Finding the Pieces to the Puzzle
Have you ever tried to put a puzzle together but there were pieces missing? In the healthcare industry, finding the perfect balance between supply and demand is a lot like finding that missing piece. The leaders of hospital HR are challenged with not only finding that perfect balance but doing it with efficiency. The hospital sector’s rapid industry growth is constantly changing …
