Category: Healthcare Finance News

Amazon deemed most likely industry disruptor, say healthcare executives

Amazon was cited for a number of reasons, including resources, influence, brand loyalty, convenience and a built-in distribution network.

Having a hard time recruiting clinicians? Try texting candidates

Community Health Network deployed a text-based recruiting platform and garnered an 83 percent response rate, outpacing email or phone calls.

Hospital supply chain: One way to slash costs by nearly 20%

Joining a group purchasing organization can have a ripple effect that reduces expenses across the entire healthcare system, with the potential to save up to $864 billion by 2022.

Cut costs for legal liability defense with ‘explain and apologize’ researchers say

Study hinged on a unique Communication and Resolution Program which led one system to a 66 percent reduction in legal claims filed among other gains.

Hospital executives see bigger labor budgets, lower operating expenses in healthcare’s future

Physician shortages are forcing healthcare leaders to re-examine how much they spend on labor, and where they can expect to see savings in operating expenses.

Morale, technology are keys to staff, patient retention for medical practices, MGMA Stat poll shows

Healthcare office staff.
Another key focus area is diligent management of your practice’s online image and reputation, and requires having a workflow in place.

CMS releases formal approach aiming for budget neutral Medicaid demonstrations

CMS sign at HIMSS17.
It’s the first time that CMS has formally outlined how states should calculate budget neutrality for demonstration projects in order to strengthen fiscal accountability.

Healthcare mergers and acquisitions result in modest supply chain savings, report shows

Hospitals, on average, save about 1.5 percent per year on common expenses in the supply chain, far lower than most pre-merger estimates.

Amazon hires renowned Massachusetts General cardiologist Maulik Majmudar, MD

Maulik Majmudar, MD
Majmudar’s role within the company has yet to be announced, but he arrives from the Healthcare Transformation Lab.

Andy Slavitt and AVIA to lead new Medicaid Transformation Project

The organization aligned 17 health systems to work toward decreasing Medicaid costs and improving care.