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…

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Editor's Note In the wake of Hurricane Helene and the recent Gulf Coast port strikes, hospitals are raising alarms and pursuing their own strategies for mitigating supply chain disruption even as a second hurricane—Milton—bears down on Florida. As of October 7, dozens of Florida healthcare facilities had suspended services and/or…

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Editor's Note Patient safety nonprofit ECRI is offering resources to help healthcare providers mitigate potential shortages of critical medical supplies following the devastation caused by Hurricane Helene along the US southeast coast and the ongoing strike by the International Longshoremen’s Association (ILA). According to an October 1 announcement, the first…

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Editor's Note A joint communication from AORN and the Association of Healthcare Value Analysis Professionals (AHVAP, a strategic partner of AORN) provides advice and resources for affiliated healthcare professionals who could be impacted by the recent strike by port workers across major US shipping ports. Issued September 30, the statement…

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Many are quick to blame travelers for the poor state of hospital finances. However, isn’t there a difference between a traveler in the OR—an interim staff member in the hospital’s profit center—and an interim RN in an area financially supported by OR profits? What about the argument that travelers can…

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For many healthcare facilities, operational costs are steadily rising, and no clearcut solution is in sight. However, some hospital systems are gradually reclaiming control over their budgets by finding ways to stabilize their finances and improve workforce morale. During the pandemic, many hospitals turned to short-term contract labor as a…

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Takeaways Providers are generally seeking to reduce use of travelers through strategies such as float pools, training programs, and cultural reforms. However, travelers remain useful as a bridge to permanent staff and for difficult-to-fill positions. Best practices for selection, onboarding, team integration, and performance evaluation are essential for maximizing return…

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Editor's Note According to the 2023 Wage Report from consultancy Springboard Healthcare, cardiac catheterization laboratory (cath lab) technologist and nurse wages have begun to stabilize in 2023, 3 years after the pandemic, Cardiovascular Business September 19 reports. Permanent nurses saw a modest wage increase of 3.7%, while travel nurses experienced…

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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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Takeaways • Surgical volume continues to increase for most organizations. • Staffing remains a challenge, although some parameters, such as recruiting and turnover, have improved slightly. • Filling an open RN position takes an average of 77 days, and filling a surgical technologist position takes an average of 120 days.…

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