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.
“We need masks now!” The new healthcare environment surrounding the COVID-19 pandemic has forced healthcare organizations to simplify and speed up the decision-making and purchasing processes for new products. With staff working remotely, committees need to be able
Finding new strategies to reduce costs has never been more important. Healthcare contracts hold a wealth of opportunities to control costs—by securing the right pricing and contract terms and preventing expensive compliance violations. To identify those ...
Group Purchasing Organizations (GPOs) provide an important service for hospitals and health systems. History tells us the volume-based purchasing that GPOs offer does indeed garner discounted pricing.
However, hospitals and health systems should not assume a ...
The COVID-19 pandemic has created the worst financial crisis the healthcare industry has ever experienced. Many healthcare organizations are struggling with plummeting margins due to pandemic-related higher costs and lower patient volume and revenue. In April 2020,
Healthcare organizations depend on “unsung heroes” to run the day-to-day operations while the clinical staff deliver patient care. These heroes must make sure that many behind-the-scenes tasks are managed efficiently and cost-effectively—no small feat. Patrick ...
But these implications, including reduced costs and increased care access, have been complicated by regulations. Until recently, state and federal regulations related to licensing, credentialing, and privileging for telemedicine providers created barriers to ...
Healthcare organizations need to identify, address, and resolve the leaks in their revenue cycle. Patient scheduling, where the revenue cycle begins, is a great place to start. Claim denials are a major source of revenue leaks, so taking proactive steps to reduce ...
Allyson Schiff discusses the importance of utilizing robust Key Performance Indicators (KPIs) to improve your provider enrollment department’s performance.
Q. Why does provider enrollment performance matter?
A. Provider enrollment has a significant impact on ...
“Could you please find my medical school diploma?” This request, made every time I join a new healthcare organization, has become a running joke with my wife. I, like many healthcare providers, still store my paper credentials in a box under my bed. After ...
As I read each day’s headlines about how the COVID-19 pandemic is affecting our hospitals and health systems, two thoughts strike me. First, the frontline caregivers are obviously and appropriately being commended for their work and sacrifices. Second, there are a ...
As healthcare reform and new technologies change the way hospitals deliver and are reimbursed for care, the ability to measure and improve upon patient outcomes is becoming more important than ever. To do this successfully, hospitals must be able to evaluate and ...
Faster provider contracting speeds up onboarding and delivers revenue. The faster the healthcare organization navigates contracting, credentialing, privileging, and enrollment processes, the sooner providers can begin seeing patients and getting reimbursed. ...
Nearly half of the jobs in the United States—70 million—have been directly affected by COVID-19, according to the rating agency Moody’s Analytics.
Some healthcare supply chain people are knowledge workers who work with data, ideas, and information rather than ...
Improper privileging can lead to patient harm and lawsuits, as in this example: A physician had completed a one-day training course in robotic hysterectomy, using pigs on which to learn the procedure. A hospital granted the physician privileges to perform the ...
A recent report from KaufmanHall found that margins could sink as low as negative 7 percent in the second half of 2020 – strategic spending that averts unnecessary costs becomes a do or die proposition for many. This is particularly so at a time when there is no ...
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 ...
Reducing healthcare costs is no longer sufficient. Leaders must focus on delivering high-value care by improving processes and reducing costs without sacrificing clinical outcomes. When making decisions regarding physician preference items, a capital purchase, a ...
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 ...
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