Tag: Financial Management

Hospital financial report predicts stability, high cybersecurity costs for 2025

Editor's Note Hospitals’ financial outlook is stable, although growth is slowing and certain costs are projected to increase, particularly for cybersecurity, according to two recent Becker’s reports on data from Moody’s Investor Services. The first, published November 14 in Becker’s Hospital CFO Report, notes that “hospitals are facing a stable…

Read More

By: Matt Danford
November 20, 2024
Share

Conference community-building proves its worth

How should responsibilities associated with C-sections be divided between the OR team and the OB/GYN department at a staff-strapped rural hospital? This was just one of many questions I had never considered prior to attending the 2024 OR Manager Conference, which drew perioperative professionals to the MGM Grand in Las…

Read More

By: Matt Danford
November 20, 2024
Share

Session: Ace in the workplace—The business savvy new manager

Editor's Note In this session focused on the roles and responsibilities of a business manager in the perioperative environment, Blas Brown, Jr, MBA, business director of perioperative services at MedStar Washington Hospital Center, emphasized the importance of technical and interpersonal skills. Specifically, he said, being business savvy is key to…

Read More

By: Tarsilla Moura
October 30, 2024
Share

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%…

Read More

By: Matt Danford
September 9, 2024
Share

OR Business Management Conference: Lowest rates expire soon

Editor's Note The lowest rates in the last decade for the leading financial summit designed for business leaders in perioperative services will end September 6. The 2025 OR Business Management Conference, taking place February 10-12 at the Saddlebrook Resort in Tampa, Florida, offers attendees the opportunity to learn and network…

Read More

By: Barbara Cucci
August 30, 2024
Share

Time to sign up for the ASC administrators CASC training course

Editor's Note The OR Manager Conference is proud to announce it will offer a 1-day training course outlining core areas of study for the Certified Administrator Surgery Center (CASC) exam to earn the CASC credential. This training is ideal for those responsible for the operations of running an ambulatory surgery…

Read More

By: Lindsay Botts
August 30, 2024
Share

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…

Read More

By: Lacey Dyer, RN, BSN, CASC
August 28, 2024
Share

Nearly 1 in 3 US rural hospitals at risk of closure

Editor's Note More than 700 rural hospitals, representing 31% of all rural hospitals in the country, are at risk of closure, according to a report from the Center for Healthcare Quality & Payment Reform. Chief Healthcare Executive reported the news August 8. According to the article, 16% of all rural…

Read More

By: Matt Danford
August 15, 2024
Share

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…

Read More

By: Matt Danford
August 14, 2024
Share

CMS hospital ratings show performance decline in 2024

Editor's Note Hospital performance declined this year compared to last, with more than 60% earning three stars or less in 2024 hospital star ratings from The Centers for Medicare and Medicaid Services (CMS). “This decline might be partly due to the data covering the period from April 2019 to March…

Read More

By: Matt Danford
August 7, 2024
Share

Join our community

Learn More
Video Spotlight
Live chat by BoldChat