5 Key Points on What Hospital CFOs Can Learn From Corporate CFOs

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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

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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

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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

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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 »

Building the Best Physician Team

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Joe Cantlupe, for HealthLeaders Media, July 24, 2012   This article appears in the July 2012 issue of HealthLeaders magazine. Today, many hospital organizations are teeming with teams, forming physician groups to make decisions about bringing in new doctors, provide clinical care, and make recommendations about administrative planning: In Maryland, a longtime CMO retires and… Read more »

4 ways to educate patients about the Affordable Care Act

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July 23, 2012 | By Alicia Caramenico, Fierce Healthcare   With much of the reform law upheld, hospital executives and other industry leaders need to help patients get a clue about the Patient Protection and Affordable Care Act to improve outcomes and costs. Not sure how to inform patients about health reform? Here are four… Read more »

5 Tips for Taking on Risk in New Payment Models

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Source:  Becker’s Hospital Review It’s happening in different ways and different places around the country, but, broadly speaking, healthcare payors are starting to move away from traditional fee-for-service payment models. Providers, in turn, may be taking on a certain amount of risk in payment models that rely more heavily on capitated payments. Most accountable care… Read more »

Reducing admissions from the ED saves more than diverting nonurgent visits

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July 16, 2012 | By Alicia Caramenico, FierceHealthcare   Hospitals and health systems have been trying to curb nonurgent visits to the emergency department; however, researchers say that approach will save far fewer healthcare dollars than reducing hospital admissions for patients already in the ED, according to a paper published Thursday in Annals of Emergency… Read more »

How to Get Hospitals to Think ‘Lean’: 5 Key Principles

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Written by Bob Spoerl | July 12, 2012, Becker’s Hospital Review What does car manufacturer Toyota and Lucile Packard Children’s Hospital at Stanford University have in common? More than you might think. Hospitalists at the Palo Alto, Calif.-based children’s hospital have started successfully using the same ‘Lean’ business and management strategy made famous by the Japanese… Read more »

6 Key Issues Facing Healthcare in the Second Half of 2012

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Written by Scott Becker, JD, CPA, and Lindsey Dunn | July 11, 2012, Becker’s Hospital Review The first half of 2012 has been an incredibly busy and momentous one for healthcare. Most notably, the Patient Protection and Affordable Care Act was upheld by the Supreme Court. Other events this year impacting the industry may not have… Read more »