Summary: 10 vital responses to healthcare disruption
Note: This article is a summary of a report on HFMA’s Spring Thought Leadership Retreat. The full report is available to download. Disruption is reverberating throughout the healthcare industry, and it’s incumbent on legacy organizations to develop strategic responses for the benefit of their consumers, their communities and themselves. With that overarching challenge becoming ever…
4 points healthcare leaders should consider in their cyberinsurance calculus
In spring of 2023, two ransomware groups, Cl0p (or CLOP, per the U.S. Cybersecurity & Infrastructure Agency) and LockBit, attacked 130 organizations in the United States, many of them in healthcare.a Fortunately for healthcare organizations with cybersecurity insurance, those breaches would have been eligible for coverage. Yet the same may not have been true for…
10 Vital Responses to Healthcare Disruption
Disruption is reverberating throughout the healthcare industry, and it’s incumbent on legacy organizations to develop strategic responses for the benefit of their consumers, their communities and themselves. With that overarching challenge becoming ever more pressing, HFMA’s 2023 Spring Thought Leadership Retreat brought together leaders from across the industry May 4-5 in Atlanta to consider approaches…
Annual Conference: Healthcare entrepreneur Alex Oshmyansky describes his efforts to disrupt drug pricing
Arguably no segment of the healthcare industry is more susceptible to disruption than the market for prescription drugs, as Alex Oshmyansky, MD, PhD, made clear Wednesday morning during the closing session of HFMA’s Annual Conference. Oshmyansky spoke about his personal efforts to disrupt the pharmaceutical market in his role as co-founder and CEO of Mark…
Mayo Clinic CFO Dennis Dahlen preparing for his year as HFMA’s National Chair
After several decades spent making an impact at the healthcare organizational level, Dennis Dahlen is moving into a prime position to use his expertise for the benefit of stakeholders across the industry. The opportunity could not come at a more important juncture. The urgency is reflected in Dahlen’s theme for the new fiscal year, which…
Healthcare disruptor Glen Tullman says providers need more of a consumer-centric approach
One of the country’s most prominent healthcare entrepreneurs has a warning for legacy healthcare stakeholders. “Many of you in the audience are leading major health systems, and you’re the hub for healthcare today,” Glen Tullman said during a presentation at the HIMSS Global Health Conference and Exhibition, which took place the week of April 17…
Improving performance across the real estate portfolio
As health systems continue to face intense operational and financial pressures, performance improvement initiatives must reach all aspects of the organization. Often overlooked in performance improvement efforts is the real estate portfolio, both owned and leased. Management may perceive real estate as a relatively static resource and may not even realize the full extent of…
Michael Giardina: Why promoting a fitness approach like CrossFit should be a goal for all U.S. health systems
Healthcare organizations that are committed to value-based payment must focus on promoting health – within their patient populations as well as within their communities. And to successfully fulfill the value imperative and achieve the larger goal of cost effectiveness of health (CEoH), hospitals and health systems must partner with outside organizations that share their commitment…
Hospitals are facing a long slog to return to pre-pandemic normalcy, panelists say
The logjam of patients who cannot be seen expeditiously at hospitals is becoming an entrenched problem with no imminent solutions, a CMS leader said this week. “The data tells us healthcare services, particularly for the Medicare population, have not come back to pre-pandemic levels,” said Jonathan Blum, principal deputy administrator and COO with CMS. “We’re…
News Briefs: Financial and operational pressures continue for hospitals amid scattered positive signs
Recent financial data for the hospital industry illustrate continuing challenges even as some trends improve. Fitch Ratings released an analysis in early March that offers scant reason for optimism. Titled “Early NFP hospital medians show expected deterioration; will worsen,” it draws on data from hospitals with earlier 2022 financial year-ends. Those numbers show “materially weaker…