Tag: Financial costs

A look back: The business manager role in a changing healthcare environment

Data and surveys

Takeaways • Perioperative business managers can make significant contributions to a hospital’s financial health, but more than half of hospitals do not have this role. • Business managers’ earnings have increased in the past 5 years, while the number of direct reports has risen slightly. • The bachelor’s degree has…

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By: Cynthia Saver, MS, RN
January 23, 2024
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Hospitals report modest growth as pandemic recovery continues

Editor's Note:  Hospitals and health systems are reporting improved operating margins and increases in revenue as they continue their long recovery from the effects of the COVID-19 pandemic, according to a January 10 report from Chief Healthcare Executive. Citing the National Hospital Flash Report from Kaufman Hall, the article notes…

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By: Matt Danford
January 16, 2024
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KPMG forecasts hospital closures, healthcare and life sciences mergers

Editor's Note:  Investors see particular opportunity for mergers in healthcare and life sciences companies, Chief Healthcare Executive reported January 5. Citing the 2024 outlook of audit, tax, and advisory firm KPMG, the report notes that 61% of investors expect deal-making to increase in these sectors, while only 9% expect to…

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By: Matt Danford
January 12, 2024
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Nonprofit hospitals face ongoing struggles in 2024

Editor's Note The 2024 forecast for nonprofit hospitals is likely to remain challenging, according to the latest annual Fitch Ratings outlook, Chief Healthcare Executive December 6 reports Some highlights of the report include:  The outlook for 2024, which was identified as “deteriorating,” is based on three ongoing challenges for nonprofit hospitals:…

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By: Brita Belli
December 8, 2023
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Assistance program leads to major drop in ER visits, costs for immigrants

Editor's Note A study from economists and public health officials in the September 2023 issue of the journal American Economic Review: Insights found that when undocumented immigrants were provided assistance to visit primary care doctors via a pilot program, it resulted in a 21% drop in emergency room (ER) use.…

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By: Brita Belli
September 22, 2023
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Business session: Profitability in the OR—Benchmark Your OR's Performance

Editor's Note “Has your CNO [chief nursing officer] ever said you are the CEO of your department?” Jessica Gruendler, DNP, senior director of nursing, Perioperative Services, at Dignity Health, posed to OR Manager Conference attendees at the start of this session in a packed room with standing room only. A…

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By: Tarsilla Moura
September 20, 2023
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Survey: Financial well-being of surgical residents

Editor's Note Poor personal financial health has been linked to well-being, including burnout, substance abuse, and worsening personal relationships. This secondary analysis of a survey led by the Yale School of Medicine, New Haven, Connecticut examines the financial well-being of surgical residents in New England. A total of 250 surgical…

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By: Judy Mathias
May 11, 2023
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Association of COVID-19 containment policies with children’s mental health

Editor's Note This study led by researchers at Weill Cornell Medicine, New York Presbyterian, New York City, and the University of California, Berkeley, finds that family financial disruptions caused by COVID-19 containment policies worsened children’s mental health. This analysis included a nationwide cohort of 6,030 US children aged 10 to…

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By: Judy Mathias
March 13, 2023
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Rates, risk factors, costs of SSIs after TKA

Editor's Note This study led by the Medical College of Wisconsin, Milwaukee, examines the longitudinal rates, risk factors, and costs of superficial and deep incisional surgical site infections (SSIs) after primary and revision total knee arthroplasties (TKAs). A total of 26,097 primary TKA patients and 3,663 revision TKA patients were…

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By: Judy Mathias
February 23, 2023
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Patient symptoms, disabilities, financial problems at 6 months after COVID-19 hospitalization

Editor's Note This study led by researchers at the University of Michigan Medical School, Ann Arbor, finds that cardiopulmonary, financial, and functional problems were highly prevalent in patients at 6 months after COVID-19 hospitalization.  This analysis includes a national US cohort of 825 adults discharged from 44 hospitals after COVID-19…

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By: Judy Mathias
February 17, 2023
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