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,…

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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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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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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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Editor's Note Kaiser Permanente union workers have agreed to a new 4-year contract that includes 21% raises along with new minimum wages and provisions to improve staffing shortages, Chief Healthcare Executive November 10 reports.  In October of this year, more than 75,000 Kaiser Permanente healthcare workers, including nurses and technicians,…

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Takeaways Clinical hours per case is a simple, yet effective, productivity metric. Analysis of productivity measures can include benchmarking against external and internal data. A positive work culture will improve staff productivity. Many health systems rely on external, third-party agencies to deploy nurses and other staff. But when a situation…

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Editor's Note The September 2023 National Hospital Flash Report, published by Kaufman Hall on October 2, analyzed data from August 2023 and revealed that while margins are still below historic levels, hospital performance has continued to steadily improve. According to the report: "While hospital operating margins remain below historical levels,…

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Editor’s Note Amanda Brown, MS, RN, PCNS-BC, CNS-CP, CNOR, Nurse Professional Development Specialist, Lutheran Medical Center, Intermountain Health and recently retired Deborah Hedrick, MA, BSN, RN, NEA-BC, Director, Perioperative Services, Lutheran Medical Center, shared the creative staffing program they implemented at their institution in a Tuesday session at OR Business…

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Editor's Note In an informative presentation that focused on how data and electronic health records (EHR) played a key role in helping the team at Thomas Jefferson University Hospital understand the financial impact of turnover time inefficiency, Monica Young, MBA, RN, DNP, Vice President of Perioperative Services; Stefanie Landmesser, MSN,…

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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…

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