Since 2009, the federal government has invested $26 billion in IT for healthcare according to Beckers Hospital Review. This money has gone to development of electronic health records (EHR), health information exchanges (HIE) and tele-medicine. While all of these advancements are meant to streamline hospital-provider-patient interface and reduce overhead, the implementation has not been 100% effective. The problem lies in …
The Future of Hospital Supply Chain Management in 2015
According to reports from The Health Industry Distributor Thought Leaders Initiative, healthcare providers are expecting cuts in reimbursements during 2015 that will reduce operating margins by up to 30%. This can significantly impact profitability and their ability to sustain and grow in the future. With this challenge, hospital supply chain management will have to factor in new ways in which they can continue to provide quality products for patient care and come up with …
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: Bringing the Right People Onboard
In many ways, hospital HR is like HR in any other industry. The human resources are the people who make up the workforce of the organization and the human resource department is the group responsible for managing these resources. However, unlike employees at a widget factory or hair salon, a hospital’s staff must deal with life and death decisions every day, …
Future of Hospital HR – What to Expect
The future is fast approaching, and as the web and social forces continue to affect hospital HR, we can expect to see more changes. As we look into our metaphorical crystal ball, here’s what we expect to see more of in the future. Focus #1: More Employer Branding With the growth of social media channels and employer review sites such as Glassdoor, hospital …
Customized Solutions to your PeopleSoft ERP Challenges
Enterprise Resource Planning (ERP) software simplifies and modernizes business systems. Knowledgeable hospitals and healthcare organizations use Oracle’s Peoplesoft ERP for this purpose, and to manage costs and improve productivity. It provides many features that make it a valuable platform with the benefits of smarter decision making and problem solving in areas of patient and workforce management, as well as supplier relations and …
Getting Bigger Returns in Hospital Financial Management
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 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 …
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 …
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 …
