Editor's Note According to a report from the Institute for Supply Management (ISM), economic activity in the hospital subsector grew in June for the 25th consecutive month, Healthcare Purchasing News July 7 reports. Following are some observations, according to Nancy LeMaster, MBA, ISM chair for the Hospital Business Survey Committee:…
Editor's Note A report compiled by healthcare consulting company Kaufman Hall, titled “National Hospital Flash Report: June 2022” and published on June 28, shows that US hospitals and health systems continue to “perform below pre-pandemic levels,” the American Hospital Association (AHA) June 28 reports. The report analysis is based on…
Inflation in the US has recently hit a 40-year high of 8.6%, and according to Becker’s ASC Review, ambulatory surgery centers (ASCs) are hurting from “soaring inflation costs.” Labor, supply, and equipment costs are going up, but reimbursement rates remain low. “From equipment to supplies to staffing, expenses continue to…
Editor's Note New research from the Medical Group Management Association (MGMA), via the 2022 edition of MGMA DataDive Provider Compensation, revealed that compensation for all physicians is on the rise, PR Newswire May 24 reports. The data comprises more than 192,000 providers across more than 7,700 physician-owned and hospital-owned organizations…
Editor's Note Overall healthcare employment in the US was up in May to a seasonally adjusted 16,267,900 workers, the Bureau of Labor Statistics reported on June 3. That’s up 28,300 since April. Hospital employment also was up by 16,300 jobs. The overall unemployment rate for May was 3.6%, for a…
Staffing and labor costs have been consuming the thoughts of managers at all levels of leadership. Since the COVID-19 pandemic exacerbated work conditions and safety concerns, healthcare leaders have had to deal with an unprecedented number of resignations and increased turnover with the rise of travel nursing. Calls for greater…
Editor's Note In this wrap-up roundtable discussion, members of the conference planning committee Hazel Boyd, MBA, clinical operations manager at Boston Children’s Hospital; Sheila Stein, MSN, FNP, CNS, CNOR, robotics coordinator at Cayuga Medical Center; and Denise Waslo, MSN, RN, CNOR, CSSM, NE-BC, director of perioperative services at Long Island…
Editor's Note In this presentation, Lynn Webb, PhD, assistant dean for faculty development and assistant professor of Medical Education and Administration at Vanderbilt University Medical Center, made a compelling argument for how unprofessional behavior on the part of clinical staff—including OR personnel—has a direct impact on the financial performance of…
Editor's Note Surgical services contribute a considerable portion—roughly 60%—of a facility’s revenue; healthcare facilities cannot afford to not staff surgical departments and ORs. James Stobinski, PhD, RN, CSSM(E), CNOR, CNAMB, CEO of the Competency & Credentialing Institute (CCI), offered this year’s conference attendees a more holistic outlook when discussing the…
Editor's Note Robert Stiefel, MD, principal at Enhance Healthcare Consulting, invited this session’s attendees to see how OR leaders can align their strategy—be it financial, staffing, or other—with anesthesia providers to maximize perioperative performance. As with all facets of healthcare, especially seen in nursing, anesthesia providers are also facing massive…
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