April 17, 2024
Academic medical centers identify performance-improvement priorities
Editor's Note
Amid a decline in the financial performance of academic medical centers (AMCs), McKinsey surveyed 100 of these institutions about what actions they are taking to improve, according to an April 12 report in Becker’s Hospital Review.
According to the Becker’s article, the top 10 “operational levers” indicated by respondents to the McKinsey survey are:
- Length of stay
- Revenue cycle management
- Payer contracting
- OR utilization
- Patient engagement and experience
- Physician productivity
- Organic growth
- Supply chain spend
- Purchased services spend
- Pharmacy spend
The full Becker’s report provides further context for each item, such as how long ASCs have been focusing on the item and the potential for improving margins.
Free Daily News
- FDA medical device class 1 recalls trend upward
- Data cast doubt on recommendation to delay weight-loss meds prior to surgery
- AAMI guidance covers sterile processing of dilators, ultrasound probes
- Surgical site infections often caused by preexisting bacteria
- The Joint Commission launches new telehealth accreditation program
- FDA announces class 1 recall for disposable biopsy needle kit
- Report: Consistent, purposeful manager-team engagement reduces RN turnover
- Death, hospital readmission less likely for women treated by female doctors
- FDA announces class 1 recalls for infusion pumps, anesthesia workstation
- Study finds workforce readiness gap in new nurses
© Access Intelligence, LLC. All rights reserved. | Privacy Policy | Diversity, Equity, Inclusion & Belonging