According to a Black Book Research report, a combination of inefficiencies, system downtimes and ineffective health IT integration are behind an annual loss of $8 billion in the industry. That is a lot of waste, to put it mildly, but it doesn’t have to be this way.
Navigating challenges and building trust in AI-driven Healthcare solutions
Healthcare adheres to an elevated standard. This is evident in the rigorous training required for providers, the stringent safety protocols for life sciences professionals, and the stringent data and privacy requirements for healthcare analytics software.
At Roosevelt General Hospital (RGH), fiscal sustainability is a priority shared across departments. To support these efforts, the Portales, New Mexico facility regularly evaluates its processes to optimize benefits, seeks new revenue sources, reduces costs, and works with area legislators, along with collaboration with the New Mexico Hospital Association and New Mexico Rural Health Network, to ensure adequate funding for safety net hospitals.
With many procedures and patient care needs continuing to shift out of the hospital, group purchasing organizations (GPOs) remain an essential component in managing costs and maintaining a steady supply chain. However, there are several things ambulatory surgery centers (ASCs) should consider to ensure they are making the most out of their GPO partnership.
74% of procurement leaders are using AI. Experts share insights to revolutionize your logistics – here.
In an era where healthcare systems are under increasing pressure to deliver high-quality care while managing costs effectively, the optimization of sourcing and logistics has become a critical focus area.
In today's dynamic healthcare environment, building resilient supply chains is crucial for ensuring operational continuity and patient care. By adopting a strategic approach that combines innovation, collaboration, and traditional methods, procurement leaders can navigate challenges and foster long-term success.
According to the American Medical Association (AMA) Journal of Ethics, United States healthcare facilities produce approximately 3,500 tons of plastic waste every day, 91% of which will never be recycled, predominantly ending up in either landfills or the environment
After 20 years of Get With The Guidelines data, researchers find the program is ‘integral’ to nationwide stroke systems of care
New research shows the key role quality improvement programs play in ensuring hospitals can adequately fight one of the biggest public health threats facing our country: stroke.
Is America’s healthcare system broken? Absolutely.
It’s expensive, dysfunctional, and needlessly complex. But you already knew that.
Healthcare procurement leaders face a new landscape as the industry recovers from the pandemic. Uncertain economic conditions, persistent supply shortages, and an expanding range of settings under their control create significant challenges.
My tenure in healthcare financial services has allowed me to witness some of the most tumultuous years in history for increasing provider regulation and decreasing reimbursement.
Healthcare procurement has weathered a perfect storm of challenges in recent years. From supply chain disruptions and cybersecurity threats to escalating costs, procurement leaders have had to demonstrate remarkable resilience.
The Centers for Medicare and Medicaid Services (CMS) and Center for Medicare and Medicaid Innovation (CMMI) recently finalized the Transforming Episode Accountability Model (TEAM). With that rule, more than 700 hospitals were selected for mandatory participation in episodes of care effective in 2026.
Nearly 6.7 million adults in the U.S. have heart failure, with prevalence expected to rise to 8.5 million by 20301,2.
Imagine uncovering significant hidden potential within your hospital’s surgical services. What could you do? How could this impact strategic planning and case volume growth potential?
Although the latest legislation reinforces healthcare’s moral obligation to provide language services for non-English-speaking patients to reduce discrimination, understanding the big picture on why it matters is integral to increasing compliance.
Most surgical practices know their surgical scheduling and coordination processes are messy, and the workflows are leaving money on the table. However, they find it difficult to pinpoint the problems or how to address them effectively without precise surgical data tracking.
The best healthcare, provided at the bedside or virtually, is supported with the best data. Clinically validated data points captured on each patient’s longitudinal care record can contribute to delivering the right care, at the right time, with the best information available.
Although the United States has 5.6 million actively licensed nurses — an all-time record number — many hospitals and health systems are still struggling to recruit and retain staff. Nationwide, the RN vacancy rate is 9.9%, while the average time to recruit an experienced RN ranges between 59 and 109 days.
A recent report from Kaufman Hall underscores the urgent need for strategic intervention related to healthcare’s tightening margins and escalating expenses. Significant increases in labor expenses, bad debt, charity care, and days in Accounts Receivable (A/R) since 2021 are called out in the report.