Tag: Labor Costs

Kaiser Permanente workers agree to new labor contract post-strike

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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By: Brita Belli
November 17, 2023
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How internal staffing agencies benefit the OR suite

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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By: Jennifer Lubell
November 15, 2023
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Positive margin trends for hospitals in new National Hospital Flash report

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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By: Brita Belli
October 3, 2023
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Session: Creative staffing during a time of shortages

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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By: Bridget Brown
February 8, 2023
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Session: Reducing staffing costs by decreasing minutes in the workday

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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By: Tarsilla Moura
February 7, 2023
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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…

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By: Kaitlin Sennello
February 3, 2023
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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…

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By: Bridget Brown
January 5, 2023
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Hospitals' margins remain negative in November, 10th consecutive month

Editor's Note Hospitals and healthcare systems across the nation experienced their 10th consecutive month of negative profit margins, according to data Kaufman Hall released in a report on November 30, the American Hospital Association November 30 reports. The report notes that the pressures of increased expenses is a key driver…

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By: Bridget Brown
December 1, 2022
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