Editor's Note Palomar Health, a hospital system in Escondido, California, reports improvement in nurse retention after instituting $100,000 sign-on bonuses for new nurses and $100,000 retention bonuses to current staff paid over a three-year period. Becker’s Hospital Review reported the news on January 17. The $100,000 bonuses were instituted in March…
Editor's Note After three days of education and networking last week at the 2024 OR Business Management Conference (ORMBC) last week, we’ve already got our sights set on next year. Mark your calendar for February 9-12, 2025, for another chance to hone in on OR profitability at the 13th iteration…
Editor's Note “Can cost and resiliency co-exist?” Michael Schiller, CMRP, executive director (interim) of the Association for Healthcare Resources and Materials Management—a professional membership group of the American Hospital Association—asked this session’s audience on the last day of the OR Business Management Conference. “They can co-exist,” he said, “but resiliency…
Editor's Note Understanding the impact of value-based care on the surgical suite (VBC) will be essential for hospitals to understand as payers begin to seek partners in new payment models. In a conference session yesterday, Lauren Cricchi, associate principal, financial services at Avalere Healthcare and Katie Sullivan, senior vice president,…
Editor's Note How will healthcare regulators deal with artificial intelligence? How will malpractice law change, and who will be liable for harm derived from AI diagnosis and treatment recommendations? What can be done about bias in AI? Even amid a surge in algorithms cleared by the FDA, all of these…
Editor's Note For Northwell Health University System, a large hospital system in New York state, saving millions in OR expenses in just a few years’ time was possible not just through meticulous analytics, but also cultural transformation. This was among the chief conclusions of a session led by Adam Becker,…
Editor's Note “How many of you are still struggling with staffing?” Tammy Straub, MSN, RN, APRN, CNOR, administrator of perioperative services at Lehigh Valley Hospital and Health Network, asked attendees of this session. Everyone in the room raised their hands. Straub and Alexandre Warman, MBA, CEBA, administrator of perioperative business…
Editor's Note Large healthcare systems considering a centralized Value Analysis Committee (VAC) model potentially have much to learn from a 10-hospital organization operating in the Washington, DC and Maryland region. MedStar Health System’s still-ongoing transition from multiple, facility-based improvement committees is the subject of one of the first posters to…
Editor's Note The US government's sale of the Federal Helium Reserve, a large underground helium stockpile in Amarillo, Texas, has raised concerns about the supply of helium for critical healthcare applications, especially MRI machines, NBC News reported January 25. The Federal Helium Reserve reportedly provides up to 30% of the…
Editor's Note: Stacking additional responsibilities and titles atop pre-existing leadership responsibilities is becoming more common among health system executives, according to a January 24 report in Becker’s Hospital Review. Not including the most obvious overlapping pairings, such as chief medical officer and chief medical informatics officers, the most common parings…