The Pulse:
Healthcare Technology Blog
Regulatory reform, market trends, supplier news. Recalls and new product introductions. Notable quotables and high-profile executive moves. Read up on developments from the supply chain to the legal department.
How often do you hear about a new and exciting scientific or biomedical advancement and then wonder when it will become available to the millions of Americans who might benefit from it? I’m sure it’s often, and the U.S. Food & Drug Administration (FDA) will ...
Volume and revenue declines have resulted in plummeting margins. In April 2020 margins were a whopping 326 percent below budget. Now, more than ever, healthcare organizations must control costs.
Supply chain spending is the second-largest cost for healthcare ...
Provider credentialing — required for all hospital privileging and managed care payer enrollments — is a heavily regulated process that can take up to six months to complete. Credentialing includes the verification of specific elements (e.g., medical license, board
After hitting a record high in 20171, hospital merger and acquisition (M&A) activity has remained strong,2 with financial, market, competitive, and regulatory forces driving consolidation. In addition to acquiring hospitals or facilities, health systems also ...
In response to a variety of financial pressures, healthcare organizations are consolidating through hospital merger and acquisition (M&A) activity with hopes of increased efficiency, better cost control, and improved patient care. After hitting a record high in
How can you measure your healthcare organization’s contract management performance? Contracts directly impact revenue and prevent financial, legal, and compliance risk, so it’s essential that your contracts are properly executed and managed. Use these Key ...
Children with medical complexity (CMC) have multiple significant chronic health problems that result in functional limitations and high healthcare need or utilization. These children, who typically rely on multiple pediatric medical and surgical specialists, must ...
The COVID-19 pandemic has created the greatest financial crisis in history for healthcare organizations.
A report from the American Hospital Association (AHA) estimates a total impact of $202.6 billion resulting from COVID-19 expenses and lost revenue for ...
The Association of American Medical Colleges (AAMC) predicts that by 2032, the demand for providers will exceed the supply by up to 121,900 full-time providers. Provider shortages mean there are plenty of job opportunities for new providers. According to a ...
Those index cards were replaced long ago by digital, searchable catalogs that make it much quicker and easier to locate a book across multiple library branches. And, in this digital age, many people read electronic books instead of lugging around heavy ...
As I sit here in San Francisco, drinking tea and looking around my new office space — a recently converted walk-in closet — I reflect on the trials and tribulations of working from home. Like many employees across the country, my transition to remote-based ...
So, how does a contract come to life? In these times of tight budgets, it’s all the more important to know which equipment and services require a contract and to take care that an organization is dealing with the optimum number of vendors and is receiving ...
Provider credentialing—establishing that providers are appropriately trained and competent to care for patients—is a time-consuming process that is highly regulated at the state, federal and payer levels. When it’s done manually, provider credentialing can take up ...
How often do contracts get stuck on someone’s desk, waiting for approval? If you were audited right now, would your contracts be compliant?
Many healthcare organizations rely on entirely manual processes or outdated software to manage their contracts. In a recent ...
Efficient contracting ensures that frontline providers have immediate and adequate access to the therapies, supplies, and ancillary services needed to deliver high-quality patient care. These three basic types of contract agreements—standard term, evergreen, ...
Surprise medical bills occur when patients are treated by out-of-network providers under unavoidable circumstances. For example, patients having surgery at an in-network hospital performed by an in-network surgeon, whom they chose, may be surprised ...
Because value-based payment models take complete episodes of care into account as opposed to discrete services, collaboration is key. PCPs are at the heart of this collaboration—they must act as coordinators of care to ensure their patients have the best ...
No medical student has ever asked the dean to consider adding a few courses on supply chain management to the curriculum. Yet the input of clinicians is crucial when a hospital or system is considering which products to acquire. Forcing physicians to attend
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