Senate hearing on Steward Health Care depicts consequences of hospital management decisions
After the CEO of Steward Health Care rebuffed a subpoena to appear Thursday at a Senate committee hearing, members and invited panelists used the occasion to bemoan the company’s hospital ownership record and the private equity healthcare model generally. Ralph de la Torre, MD, the CEO, spurned the summons to appear before the Senate HELP…
How Healthcare Organizations Are Increasing Efficiency and Reducing Cost by Automating AP Processes
In this e-book from Chrome River, you'll learn how an automated accounts payable solution eliminates manual processes, improves compliance, saves time, cuts costs and eradicates the risk of duplicate payments.
Managing Variable Costs in Healthcare: A Patient-Centric Framework
For every increment of care, there is a cost, and behind every cost, there is a real person with fears, pain, or unique conditions — the healthcare mission is best served when even non-provider employees keep this top of mind.
Leveraging a Clinical Asset Management Solution to Optimize Capital Planning
A nationally recognized academic medical center was looking to improve their capital planning process to optimize their clinical asset inventory and drive savings. By implementing a comprehensive clinical asset management solution that leveraged advanced analytics and the expertise of a TRIMEDX strategic advisor, the health system was able to improve visibility to their inventory, identify areas of process improvement, validate equipment purchase requests, and uncover alternatives to device replacement that optimized their current clinical assets.
Supporting financial health with clinical asset reallocation
Clinical assets account a quarter of health systems’ capital expenses, presenting an untapped financial lever. TRIMEDX brings unhindered visibility to health systems’ entire clinical asset inventory and proactively provides actionable recommendations to uncover optimization and cost savings opportunities.
Lease administration: The key to reducing business risk and expenses
Your lease portfolio represents one of the largest business expenses within your budget. Download this white paper to learn how to take control of your leases.
Ken Perez: An assessment of the health policies of Kamala Harris and Donald Trump
The 2024 presidential election features a shift in policy position by Democratic Party candidate Kamala Harris, who has distanced herself from her previous advocacy of Medicare for All, while Republican Party candidate Donald Trump appears less intent on repealing the Affordable Care Act.
The financial state of the not-for-profit hospital sector: key takeaways from the latest medians
The financial condition of the U.S. not-for-profit (NFP) hospital industry can be described as steadily improving but still struggling, according to insights from two of the three main credit-rating agencies. Fitch Ratings and S&P Global both recently issued reports on sector medians, using audited data from 2023. The companies described an industry that has rebounded…
Hospitals see a margin advantage as care migrates to the outpatient department
The site-of-care shift toward the outpatient setting increasingly is manifesting in margin per case, according to recent financial data. “While overall margins for both inpatient and outpatient hip and knee replacement surgeries have declined, outpatient procedures now have higher margins than inpatient procedures,” Strata Decision Technology wrote in its Performance Trends Report for Q2 (registration…
From Strategy to Operations
This white paper explores the pivotal role of outpatient and ancillary services in addressing these challenges and outlines a strategic revenue approach to change ancillary services from a cost center to a profit center.