Costs & Cost Controls

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January 1970
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Five healthcare organizations raising nurses’ pay

Editor's Note Becker’s Hospital Review on October 25 reported that the following five hospitals and healthcare systems have announced plans to raise nurses’ pay. The five are: Jersey Shore University Medical Center, Neptune City, New Jersey—union contract pay increase between 8% and 11% UMass Memorial Health, Worcester, Massachusetts—union contract pay…

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By: Judy Mathias
October 28, 2022
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Report: Hospitals will likely experience the worst financial year in decades

Editor's Note On October 25, Health Affairs reported that healthcare systems continue to face challenges in a post-pandemic environment but are likely to have the worst financial year in decades, according to Becker’s Hospital CFO Report October 26. US hospitals saw fluctuations in operating margins in 2022 but are still…

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By: Bridget Brown
October 27, 2022
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Session: Preparing for OR Renovations

Editor's Note In this session, Maria Sullivan, MSN, MMHC, RM, CNOR, OR manager of Monroe Carell Jr. Children’s Hospital at Vanderbilt in Nashville, walked attendees through her journey of renovating the 20-year-old ORs at Monroe Carell. According to Sullivan, here are a few considerations people need to keep in mind…

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By: Tarsilla Moura
October 18, 2022
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USDA will award $110 million in grants to improve rural healthcare systems

Editor's Note On October 12, The US Department of Agriculture (USDA) Rural Development announced in a press release that they will award $110 million in grants to improve healthcare facilities in rural areas. This Emergency Rural Health Care Grants Program is made available through the Biden-Harris Administration’s American Rescue Plan…

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By: Bridget Brown
October 13, 2022
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Report: More than half of administrative healthcare spending in the US is wasteful

Editor’s Note A report published in Health Affairs on October 6 claimed that up to 30% of healthcare spending is used for administrative purposes, and more than half of that is not significantly contributing to health outcomes, Becker’s Hospital Review October 10 reports. In 2019, Health Affairs launched the Council…

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By: Bridget Brown
October 11, 2022
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Study: Routine use of anesthesia personnel in cataract surgery questioned

Editor's Note This study led by researchers from the University of California, San Francisco, finds that it may be reasonable to consider performing cataract surgery without routine anesthesia support. Medicare claims for 36,652 patients who had cataract surgery were analyzed. Among the findings: 89.8% had an anesthesia provider, compared to…

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By: Judy Mathias
October 4, 2022
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House passes mental health parity bill to boost worker protection, impose fines

Editor's Note On Thursday, September 29, the House of Representatives voted 220-205 to pass legislation to impose new fines on insures that do not follow federal mental health pay parity requirements, in order to "hold employer-based health plans more accountable for improper denials of mental health and substance use benefits,"…

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By: Tarsilla Moura
September 30, 2022
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Study: Is nurse staffing legislation needed in New York?

Editor's Note This study by nurse researcher Linda Aiken, PhD, RN, FAAN, and colleagues at the University of Pennsylvania School of Nursing, Philadelphia, finds that the Safe Staffing for Quality Act under consideration by the New York state assembly would save lives, shorten hospital stays, reduce readmissions, and lower costs.…

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By: Judy Mathias
September 27, 2022
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Survey: Relatively flat compensation in an era of many stressors

Data and surveys

Compensation has remained relatively flat for leaders in ambulatory surgery centers (ASCs), according to the 2022 OR Manager Salary/Career Survey, even as leaders face ongoing stressors. This is reflected in the 40% of respondents who reported a total current annual compensation of $120,000 or more—unchanged from 2021. Ongoing stress is…

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By: Cynthia Saver, MS, RN
September 27, 2022
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CVS, Amazon make billion-dollar healthcare acquisition bids

Editor's Note CVS Health announced on Monday, September 5, that it entered into a definitive agreement with Signify Health, under which CVS will acquire Signify Health for approximately $8 billion (at $30.50 per share). The news comes on the heels of Amazon’s announcement on July 21 that it plans to…

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By: Tarsilla Moura
September 6, 2022
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