Tag: Financial Management

Hospital wage inflation slows

Editor's Note Data from Fitch Ratings indicates hospital wage inflation is “leveling off,” Becker’s Hospital Review reported September 9, calling the report “good news” amid continued payroll increases and labor shortages. According to Becker's, key takeaways of the data include: Year-over-year average hourly earnings growth for hospital employees dropped 3%…

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By: Matt Danford
September 9, 2024
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OR Business Management Conference: Lowest rates expire soon

Editor's Note The lowest rates in the last decade for the leading financial summit designed for business leaders in perioperative services will end September 6. The 2025 OR Business Management Conference, taking place February 10-12 at the Saddlebrook Resort in Tampa, Florida, offers attendees the opportunity to learn and network…

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By: Barbara Cucci
August 30, 2024
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Time to sign up for the ASC administrators CASC training course

Editor's Note The OR Manager Conference is proud to announce it will offer a 1-day training course outlining core areas of study for the Certified Administrator Surgery Center (CASC) exam to earn the CASC credential. This training is ideal for those responsible for the operations of running an ambulatory surgery…

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By: Lindsay Botts
August 30, 2024
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Offsite sterilization fuels onsite efficiency for lean ASCs

For many in the healthcare industry, imagining surgery without onsite sterile processing seems unthinkable. Then again, performing total joints in an ambulatory surgery center (ASC) was unthinkable 10 years ago. ASC sterile processing departments (SPDs) are generally not designed to handle the high volumes of instrument trays, vendor trays, and…

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By: Lacey Dyer, RN, BSN, CASC
August 28, 2024
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Nearly 1 in 3 US rural hospitals at risk of closure

Editor's Note More than 700 rural hospitals, representing 31% of all rural hospitals in the country, are at risk of closure, according to a report from the Center for Healthcare Quality & Payment Reform. Chief Healthcare Executive reported the news August 8. According to the article, 16% of all rural…

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By: Matt Danford
August 15, 2024
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Cash flow problems plague US nonprofit hospitals, health systems

Editor's Note A new low for median days cash-on hand could spell trouble for US nonprofit hospitals and health systems, Healthcare Dive reported August 12. “Nonprofit hospitals’ cash on hand — the funds immediately available to finance daily operations — is one indicator of financial health,” the outlet reports. “Low cash…

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By: Matt Danford
August 14, 2024
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CMS hospital ratings show performance decline in 2024

Editor's Note Hospital performance declined this year compared to last, with more than 60% earning three stars or less in 2024 hospital star ratings from The Centers for Medicare and Medicaid Services (CMS). “This decline might be partly due to the data covering the period from April 2019 to March…

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By: Matt Danford
August 7, 2024
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2025 IPPS payment rule criticized

Editor's Note The American Hospital Association (AHA) criticized new inpatient prospective payment system rates issued August 1 by the Centers for Medicare and Medicaid Services (CMS), citing the potential of financial struggles for hospitals and reduced access for patients, particularly in rural or underserved areas. Under the new rule, most…

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By: Matt Danford
August 6, 2024
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Study highlights asset depletion in hospitals acquired by private equity

Editor's Note Acquisition by private equity firms leaves healthcare facilities less equipped to care for patients, according to a recent study published in JAMA. NBC reported the news July 31. Conducted by researchers from the University of California at San Francisco, Harvard Medical School, and Hunter College, this nationwide study…

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By: Matt Danford
August 2, 2024
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"Tweener" hospitals eye financial relief after Supreme Court ruling

Editor's Note The Supreme Court’s recent “Chevron” ruling could offer additional financial security to hundreds of so-called "tweener" rural hospitals—those too large to be considered critical access hospitals but too small to be rural referral centers. Modern Healthcare reported the news July 29. According to the article, critical access hospitals,…

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By: Matt Danford
August 1, 2024
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