Cost Reduction
The Top 5 Causes of Hospital Readmissions – and How to Prevent Them
Brent Walker, Strategic Advisor
Established in the Affordable Care Act, the Hospital Readmissions Reduction Program (HRRP) aims to reduce the number of preventable 30 day readmissions— and the numbers have declined since its inception. In fact, the Kaiser Family Foundation notes that rates actually began to fall in 2012 as hospitals anticipated that penalties would be applied based on […]
Factors to Consider When Consolidating Patient Engagement Vendor
An enterprise patient engagement platform can be more effective, convenient and lead to significant cost savings
Beyond the Pandemic: What Hospitals and Health Systems Can Do to Reduce Expenses and Save Money
Hospitals and health systems continue to have challenges as they move on from the COVID-19 pandemic, but hospital margins rank as one of the top concerns. In the first eight months of 2022, median hospital margins were negative and it’s predicted hospitals will have the worst financial year in decades as a result. The cause […]
Healthcare Labor Shortage Solutions that Work
The healthcare labor shortage is dire, and healthcare organizations are in the thick of it. The HHS projects that the demand for registered nurses will be over 3.6 million by 2030 (>500,000 more RNs than were employed in 2021), and the Association of American Medical Colleges sees the U.S. short of up to 124,000 physicians […]
FTE Optimization that Works for Healthcare Organizations
In the age of worker shortages, healthcare organizations are consistently relying on Full-Time Equivalent (FTE) optimization, especially with an influx in demand. Of the solutions out there, they are doing the best with what they have, but there’s only so much they can do when external factors can get in the way, like missed appointments, […]
Top Priorities for Healthcare Organizations During Economic Uncertainty
For the vast majority of hospitals, the pandemic was just the beginning of many issues they would face in the coming years. Poor hospital margins in 2022 led to the worst financial year since the pandemic hit, labor shortages and employee burnout, including among executives, is pervasive and 631 rural hospitals across the country are […]