Written by Jaimie Oh | August 13, 2012 , Becker’s Hospital Review A large-scale review of national patient records reveals, despite variations in regional costs for treating trauma patients, survival rates are the same, according to research from Johns Hopkins. For their study, researchers analyzed three years of data from the Healthcare Cost and Utilization Project’s… Read more »
Posts Categorized: Healthcare News
4 Characteristics Hospital Lean Leaders Can’t Do Without
Written by Sabrina Rodak | August 13, 2012 , Becker’s Hospital Review Hospitals across the country are adopting Lean techniques to improve processes. Some hospitals use a Lean approach for specific projects, such as infection prevention and quality improvement, while others integrate Lean techniques and philosophy into the organization’s entire culture. To create a culture that… Read more »
Health execs need to have mentors, be mentors
by Frank D. Byrne for Fierce Healthcare I’ve been thinking a lot about the role of mentors lately, with the passing of someone who was one of the most influential people in my life and my career: Stan Nelson. Stanley R. Nelson, LFACHE, was my predecessor twice-removed as president of Parkview Hospital in Fort Wayne, Ind.,… Read more »
CMS to start readmission penalties
The Centers for Medicare and Medicaid Services wants hospitals to curb its patient readmissions starting this fall, or pay the price, Kaiser Health News reported. According to KHN, CMS will begin recouping about $280 million in payments from about 2,200 hospitals beginning in October. Although the program is focusing on reducing nationwide readmissions, data analyzed… Read more »
Succession planning lacking in healthcare
August 7, 2012 | By Karen M. Cheung, Fierce Healthcare If a hospital CEO suddenly left, many healthcare organizations would be out of luck. According to a survey from search firm Witt/Kieffer, less than 40 percent of healthcare CEOs have worked with their board to develop a formal succession plan, and only one-third have mentored… Read more »
ICD-10 or ICD-11? The Dilemma Behind Both Coding Systems
When it comes to ICD-10 and ICD-11, there are generally two camps. There are those that believe ICD-10 is a necessary coding step to take, and all hospitals and providers should make the steady progress toward its adoption. There are also those that believe ICD-10 should be skipped for ICD-11, which the rest of the… Read more »
5 Key Points on What Hospital CFOs Can Learn From Corporate CFOs
Hospital and healthcare CFOs are going through some of the most turbulent financial times the sector has seen in a long time, but looking to successful corporate CFOs in other industries could help those who need a little guidance. The Wall Street Journal recently compiled its list of “Best CFOs” using quantitative and qualitative measures,… Read more »
3 Mistakes Hospitals Make With Their Real Estate Management
Written by Bob Herman | August 03, 2012 , Becker’s Hospital Review When the hospital C-suite talks about the organization’s largest expense items, labor and supplies usually dominate the conversation — and rightfully so. People and supplies usually represent the highest expenditures. However, a third area, real estate and overall facilities management, is not far behind… Read more »
8 Tips to Improve Your Hospital’s Operating Margin
Written by Bob Herman | August 01, 2012 , Becker’s Hospital Review When Mike Tretina arrived at Mary Greeley Medical Center in Ames, Iowa, in 2009 as CFO, the hospital was running on an operating margin of 1.5 percent. All things considered, a 1.5 percent operating margin at a non-profit hospital at the height of a… Read more »
5 New Questions Hospitals Should Address in Ambulatory Planning
Written by Thomas Dixon, Jason Lineen and John McHugh, Navigant’s Health System Strategy Practice | July 25, 2012 Historically, hospital and health system leaders considered inpatient care provision their core mission. Resources (e.g., time, capital) and strategies were accordingly focused on advancing inpatient services. Outpatient strategies often served to advance and defend inpatient missions by aiming… Read more »