Tag: business

Healthcare employment up in September

Editor's Note Healthcare employment in the US rose by 45,000 from September to October, according to the latest report from the Bureau of Labor Statistics (BLS), released October 4. That is compared to an overall monthly gain of 254,000 in August and below  the average monthly gain of 57,000 over…

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By: Matt Danford
October 4, 2024
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Health systems face declining margins, cut leadership amid rising costs

Editor's Note Four consecutive months of reduced health system margins have resulted in significant layoffs and restructuring in top leadership, Becker’s Hospital Review reported September 30. According to the article, which cites Strata Decision Technology's August Healthcare Industry Financial Benchmarks report, average health system margins fell to 1.9% in August,…

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By: Matt Danford
October 1, 2024
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Hospital wage inflation slows

Editor's Note Data from Fitch Ratings indicates hospital wage inflation is “leveling off,” Becker’s Hospital Review reported September 9, calling the report “good news” amid continued payroll increases and labor shortages. According to Becker's, key takeaways of the data include: Year-over-year average hourly earnings growth for hospital employees dropped 3%…

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By: Matt Danford
September 9, 2024
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Healthcare employment up in August

Editor's Note Healthcare employment in the US rose by 31,000 from August to September, according to the latest report from the Bureau of Labor Statistics (BLS), released September 6. That is compared to an overall monthly gain of 142,000 in August. Healthcare employment also trended up in ambulatory healthcare services,…

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By: Matt Danford
September 6, 2024
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Offsite sterilization fuels onsite efficiency for lean ASCs

For many in the healthcare industry, imagining surgery without onsite sterile processing seems unthinkable. Then again, performing total joints in an ambulatory surgery center (ASC) was unthinkable 10 years ago. ASC sterile processing departments (SPDs) are generally not designed to handle the high volumes of instrument trays, vendor trays, and…

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By: Lacey Dyer, RN, BSN, CASC
August 28, 2024
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How GLP-1 drugs impact health systems expansion, investment plans

Editor's Note A shuttered bariatric surgery center in Oklahoma last month is just one example of how the rise of Glucagon-like peptide-1 (GLP-1) agonists are reshaping health systems’ investments, Axios reported August 13. Rather than “massive hospital towers with cardiology clinics, dialysis beds and joint replacement centers,” the focus is…

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By: Matt Danford
August 23, 2024
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California bill seeks stricter oversight of private equity in healthcare

Editor's Note A bill in California that aims to increase oversight of private equity healthcare investments is receiving support from consumer advocates, labor unions, and the California Medical Association and opposition from hospitals worried about losing funding sources, the Los Angeles Times reported August 9. Sponsored by Attorney General Rob…

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By: Matt Danford
August 20, 2024
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Cash flow problems plague US nonprofit hospitals, health systems

Editor's Note A new low for median days cash-on hand could spell trouble for US nonprofit hospitals and health systems, Healthcare Dive reported August 12. “Nonprofit hospitals’ cash on hand — the funds immediately available to finance daily operations — is one indicator of financial health,” the outlet reports. “Low cash…

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By: Matt Danford
August 14, 2024
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Vertical integration favors HOPDs over ASCs

Editor's Note Medicare and patient out-of-pocket costs are rising as vertical integration results in more procedures moving to hospital outpatient departments (HOPDs) than to ambulatory surgical centers (ASCs), Becker’s ASC Review reported on August 8. The article summarizes a study published July 25 in Science Direct. Described as "physician vertical…

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By: Matt Danford
August 14, 2024
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Corporate influence concerns arise amid scrutiny of VP nominee’s health record

Editor's Note As Governor of Minnesota, Democratic vice-presidential candidate Tim Walz backed off on nurse staffing ratios as well as healthcare affordability after Mayo Clinic—which is based in the state—raised objections, Managed Healthcare Executive reported August 6. Citing earlier reports from Politico and the Star Tribune on various aspects of…

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By: Matt Danford
August 8, 2024
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