Tag: Cost

Rural hospital closures remain a growing concern despite slight financial improvement

Editor's Note While fewer rural hospitals are operating at a loss than last year, more are now at risk of closure, according to a new report from Chartis. Fierce Healthcare reported the news February 13. As detailed in the article, the analysis found that 46% of rural hospitals are operating…

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By: Matt Danford
February 19, 2025
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Montana legislators' prior authorization reform push mirrors national trends

Editor's Note Montana legislators are moving to restrict health insurers’ use of prior authorization as frustration over the practice mounts nationwide, KFF News reported February 13. The outlet reports that two Democratic and Republican lawmakers have introduced or are drafting bills for the 2025 Montana Legislature to limit these insurer-mandated…

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By: Matt Danford
February 18, 2025
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Human trafficking in healthcare supply chains often underrecognized, expert argues

Editor's Note Although human trafficking’s infiltration into healthcare labor and supply chains is pervasive, many clinicians and other professionals remain unaware of the extent of the issue, according to a February 3 opinion piece in MedPage Today. While efforts have focused on identifying trafficking victims in clinical settings, healthcare organizations…

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By: Matt Danford
February 14, 2025
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Session: Cracking the Code: Innovative Hacks for Preference Card Management and C-Suite Support

Editor's Note Outdated and inaccurate preference cards cost hospitals millions of dollars in delayed surgeries wasted supplies—but with the right strategy, they can become a powerful tool for efficiency and cost reduction. This was among the main takeaways of a 2025 OR Business Management Conference presentation from Jason Goodwin, MPH,…

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By: Matt Danford
February 12, 2025
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Session: Crew Incentives: 3 Guiding Principles to Leverage Value Analysis Teams

Editor's Note Jasmine Hampton-Nicholson MSN, RN, CNOR, learned the value of a value analysis team (VAT) the hard way. “I thought that we had a very solid process for our value analysis team,” said the VP of perioperative services at Temple University Health System in a presentation at 2025 OR…

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By: Matt Danford
February 12, 2025
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Session: Modernizing OR Scheduling—How Northwell Health Streamlined Block Management

Editor's Note Driving efficiency in perioperative scheduling requires a combination of the right technology, cross-team collaboration, and a commitment to change management. This was among the primary takeaways of an OR Business Management Conference session on Northwell Health's approach to optimizing operating room (OR) workflows. Adam Becker, MPA, assistant vice…

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By: Matt Danford
February 11, 2025
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Session: Anchoring Profits—Restructuring Inventory Practices to Secure $200 Million in Cost Savings

Editor's Note Restructuring inventory management has slashed costs and enhanced efficiency at Massachusetts General Hospital (MGH), presenters revealed at the OR Business Management Conference, touting an initial savings estimate of $200 million. Presented by Paul Flaherty, CRCST, Senior Manager Customer Service,   Joshua Gomez, MPH, Business Operations Manager, and Steve Spring,…

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By: Matt Danford
February 11, 2025
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Moody’s downgrades health insurance outlook as medical costs surge

Editor's Note Moody’s Ratings has shifted the health insurance industry’s credit outlook from stable to negative, according to a February 3 article in Fierce Healthcare. According to the article, the downgrade is due to escalating medical costs that outpace reimbursement rates. Analysts project an 8% rise in commercial market spending…

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By: Matt Danford
February 5, 2025
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Legislation proposes to halt Medicare physician payment cuts

Editor's Note A January 31 statement from the American Medical Association (AMA) announces the organization’s support for bipartisan legislation aiming to reverse steep Medicare reimbursement reductions threatening physician practices and patient care access. Introduced by a coalition of 10 House members, the "Medicare Patient Access and Practice Stabilization Act" would…

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By: Matt Danford
February 4, 2025
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Cigna ties executive pay to patient experience

Editor's Note As part of a larger initiative to ease access to care, insurance giant Cigna is tying compensation for senior leadership directly to customer satisfaction. Modern Healthcare reported the news February 3. The shift is part of a multi-pronged approach that also includes overhauling prior authorization requirements and limiting…

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By: Matt Danford
February 4, 2025
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