Tag: Labor Costs

A look back: 10 years of staffing data show scope of challenges for OR leaders

Data and surveys

Takeaways The COVID-19 pandemic exacerbated staffing problems, and although some parameters have improved, challenges remain. Surgical volume took a sharp drop during the pandemic but is now rebounding. Over the years, the gap in difficulty between recruiting RNs and recruiting STs has narrowed. Last month, OR Manager looked back on…

Read More

By: Cynthia Saver, MS, RN
February 27, 2024
Share

South Korea issues deadline, threatens prosecution for junior doctors amid surgery-stopping strike

Editor's Note A week after a walkout of junior doctors in South Korea halted about a third of surgeries at large hospitals in Seoul, the government is threatening prosecution and the revocation of medical licenses if the walkout doesn’t end by February 29. As reported by the Associated Press February…

Read More

By: Matt Danford
February 26, 2024
Share

Nurses projected to see greatest increase in hourly wage by 2033, new study finds

RNs are projected to see the highest increase in pay over the next 10 years compared to other healthcare professionals, new research reveals. The research by TollFreeForwarding.com projected the future hourly earnings of 16 professions, including doctors, dentists, and RNs. Although all three professions project to see earnings increases over the…

Read More

By: Tarsilla Moura
February 21, 2024
Share

Session: How value-based care will impact surgical services

Editor's Note Understanding the impact of value-based care on the surgical suite (VBC) will be essential for hospitals to understand as payers begin to seek partners in new payment models. In a conference session yesterday, Lauren Cricchi, associate principal, financial services at Avalere Healthcare and Katie Sullivan, senior vice president,…

Read More

By: Matt Danford
February 7, 2024
Share

Session: Strategy to reduce temporary labor expense

Editor's Note “How many of you are still struggling with staffing?” Tammy Straub, MSN, RN, APRN, CNOR, administrator of perioperative services at Lehigh Valley Hospital and Health Network, asked attendees of this session. Everyone in the room raised their hands. Straub and Alexandre Warman, MBA, CEBA, administrator of perioperative business…

Read More

By: Tarsilla Moura
February 6, 2024
Share

Lessons of Pennsylvania’s $8.1 billion COVID loss apply nationwide

Editor's Note:  Pennsylvania hospitals and health systems lost a total of $8.1 billion to COVID-19 between January 2020 and December 2022, HealthLeaders reported on January 18. In addition to illuminating the new data from The Pennsylvania Health Care Cost Containment Council and The Hospital and Healthsystem Association of Pennsylvania, the…

Read More

By: Matt Danford
January 25, 2024
Share

Supporting healthcare staff with on-demand staffing solutions

healthcare nurse staff

Healthcare systems worldwide, regardless of their size or market, are facing the same challenge: how to meet the growing demand for qualified staff without straining hospital budgets. According to a report by the American Hospital Association, health systems are experiencing a significant workforce turnover that began in 2016. On average,…

Read More

By: Craig Allan Ahrens, MHA, MBA
January 23, 2024
Share

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…

Read More

By: Cynthia Saver, MS, RN
January 23, 2024
Share

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…

Read More

By: Matt Danford
January 16, 2024
Share

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:…

Read More

By: Brita Belli
December 8, 2023
Share

Join our community

Learn More
Video Spotlight
Live chat by BoldChat