Pre-Conference Workshop: Financial management and key concepts for success
To be a leader today you must be competent to understand the drive of financials, says Brandon Bennett, DNP, APRN, CNOR, CNS-CP, CSSM, CNAMB, NE-BC, adding that “optimization is critical.” Bennett discussed the significance of understanding financial management in the OR in the pre-conference workshop on Sunday at the OR…
OR Business Management Conference kicks off today
Editor's Note The OR Business Management Conference kicks off today! If you’re in Savannah, welcome! Are you ready for a week of learning, networking, and reconnecting? Registration opens at 6:30 am. Please stop by to pick up your badge if you haven’t already. Download the mobile app to see the…
Kaufman Hall report: Hospitals report negative margins, November 2022
Editor's Note Healthcare systems across the nation were still operating with negative margins in November of 2022, according to Kaufman Hall’s December National Hospital Flash Report, noted the American Hospital Association on January 4. The report looked at data from over 900 hospitals and noted that median operating margins for…
Six low-cost solutions for improving staff retention
Editor's Note Severe staffing shortages paired with high labor costs are among the most significant challenges faced by hospitals today, according to responses from hospital executives in an October 18 KaufmanHall survey, HealthLeaders October 31 reports. The survey, named the 2022 State of Healthcare Improvement Report, shows that nearly half…
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…
Hospitals seeing worst margins since beginning of pandemic, Cleveland Clinic posts near $1B loss
Editor's Note In this National Hospital Flash Report, published in August 2022 by healthcare consulting company Kaufman, Hall and Associates, LLC, experts say “that 2022 is shaping up to be the worst year financially for US hospitals and health systems since the beginning of the COVID-19 pandemic,” Becker’s Hospital CFO…
Ramifications of unprofessional behavior on patients, staff
Lynn Webb, PhD, assistant dean of the Vanderbilt School of Medicine, Nashville, Tennessee, shared an anecdote about unprofessional behavior with attendees of the recent OR Business Management Conference in San Antonio, Texas. A nurse reported that a surgeon was performing a transverse colon resection, and at the appropriate point, they…
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