"It’s important to understand the difference between adding physician workforce to an area with a clinical deficiency and creating a service line. Integration of that workforce into an established service line must result in alignment and congruency—it has to be done with clear goals and outcome metrics."
Gregory Kasper, president, Jobst Vascular Institute, ProMedica, Toledo, Ohio
Succeeding as a nonprofit health system in the rapidly consolidating provider market is a challenge. Margins are tight and the financial leaders of these organizations are constantly tasked with finding reliable sources to drive revenue.
These executives need to balance short-term goals with expectations for long-term stability. There are several other factors that contribute to...
Health system executives are taking note of the significant impact data has already had on their respective systems and what they can expect going forward. Rather than playing catch up, some leaders are taking proactive steps to better understand big data and implement strategies to make it work for their bottom line.
Whether that is analyzing the numerous characteristics of their patient populations, ensuring accountability for the data provided, or diligently monitoring the flow of data across all systems, leaders are honing their skills by...
Nurses make up the largest segment of the healthcare workforce and, therefore, have the potential to be drivers of the healthcare industry's evolution. To meet the demands of an increasingly value-based care environment, nurses must possess a different mix of knowledge, skills, education, and competencies than they have in the past.
Reducing supply chain costs is not limited to product pricing—efficiency gains can also cut costs.
Key components of efficient supply chains include getting the right supplies to the right place at the right time, as well as purchasing processes that are centralized and automated. Efficiency gains lower acquisition costs for supplies, but there are significant challenges. Efficiency gains should be measured, and they come with higher degrees of complexity, analysis, and coordination than pricing deals. In addition, investing in supply chain efficiency...
Savvy healthcare leaders recognize that diversity and inclusion is more than something “nice” to do; rather, it is essential to meeting an organization’s strategic goals as healthcare transitions to a value-based, patient-centered system that ties reimbursement to patient experience, population health, and patient outcomes.
To achieve these goals, healthcare organizations must develop a diverse and inclusive workforce and patient base to reflect the racial, ethnic, and cultural demographics of a community. They must also understand the unique needs of...
