Labor costs and other concerns dampen the outlook for not-for-profit hospitals this year
Insights from a leading credit-rating agency illustrate the scope of the financial challenges facing not-for-profit hospitals in 2023.
Healthcare News of Note: What healthcare sector innovations are consumers most excited about?
Some 48% of healthcare consumers surveyed said improved insight into how much care would cost was the No. 1 item they were excited about when it came to innovation in healthcare. Employers can expect an increase of more than 20,000% in adolescent mental health telehealth costs, according to a study showing telehealth appointments cost an…
Healthcare News of Note: What were the 5 most-read Healthcare News of Note blog entries of 2022?
This week’s edition of Healthcare News of Note is devoted to the top five Healthcare News of Note blog posts from 2022. Find out what topics healthcare finance professionals found most interesting in this year-end wrap-up.
Healthcare News of Note: How many hospitals earned a Leapfrog Top Hospital Award in 2022?
The Leapfrog Group said 115 facilities earned Top Hospital Awards and 12 earned Top ASC Awards. Around 1.3 million people with diabetes rationed insulin this past year because of the cost, according to recent study findings. Reducing burnout among nurses of color and those under age 35 is the goal of a three-year, $3.1 million…
The hospital labor picture could be improving, but a full financial recovery isn’t imminent
The financial and operational stress that has hampered hospitals may be easing in some ways, but probably not enough to qualify as a holiday gift for a beleaguered industry. Recent reports from credit-rating agencies have presented a mixed outlook. For example, Fitch Ratings released an analysis in December showing “incremental signs of improvement” in the staffing situation…
Hospitals work to make the supply chain green
Even with all the challenges facing hospitals and health systems these days, the push to make operations more environmentally sustainable is becoming viewed less as a differentiator and more as an essential strategy. And for those organizations that have mastered energy conservation methods and made progress in greening their facilities and physical infrastructure, the supply…
How healthcare organizations can defend against financial hazards in 2023
What are the most critical strategies to steer healthcare organizations in the direction of financial stability in the following year and beyond? A couple tips include reducing bad debt and accessing external benchmarks for supply pricing.
Most healthcare organizations want to augment current EHR workflows and would consider flexible outsourcing contracts
This pulse survey shows that there is no one-size-fits-all solution for managing today’s revenue cycle challenges. Savvy healthcare organizations know they need a combination of actionable insights and high-performance work teams to be successful.
The Quadruple Aim: How robotic-assisted surgery helps organizations provide high-quality care at a lower cost
Read about how RAS can improve physician and patient satisfaction while simultaneously lowering costs, reducing complications and generating new net revenue.
Reeling hospital industry shouldn’t anticipate a turnaround anytime soon
Amid persistent financial and operational turbulence for hospitals, it appears unrealistic to expect significant improvement in the near future.