Tag: Labor Costs

Report illuminates how AI transforms hospitals, healthcare

Editor's Note A paper published March 29 in the journal Bioengineering examines the growing integration of artificial intelligence (AI) into hospital and healthcare systems and the way in which it is augmenting clinical decision-making, optimizing hospital operation and management, improving medical image analysis, and transforming patient care and monitoring through…

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By: Brita Belli
April 2, 2024
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Editorial: OR Business Management Conference tackled financial challenges, technological innovations

This past February, the OR Business Management Conference, held in Phoenix, Arizona, brought together business managers of all walks of life. The intimate event was once again a symbiotic blend between financial- and business-centric education and high-quality networking. The education offered for seasoned and new business leaders alike, perhaps more…

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By: Tarsilla Moura
March 22, 2024
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Decade of salary data shows mix of small gains, stagnation for OR leaders

Data and surveys

Takeaways OR leaders have experienced financial gains over the past 9 years, but not enough to keep up with inflation in recent years. Capital and operating budget responsibilities have increased over the past 6 years. Since 2015, OR leaders have consistently been most satisfied with their current job, but much…

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By: Cynthia Saver, MS, RN
March 22, 2024
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Federal probe investigates care quality impact of private equity mergers, acquisitions

Editor's Note Making good on plans announced by the Biden administration in December, federal agencies have launched a public inquiry into how private equity mergers and acquisitions impact patient outcomes, worker safety, and healthcare access and costs, including costs to taxpayers.  As reported by Dotmed Healthcare Business News on March…

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By: Matt Danford
March 14, 2024
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Shift to outpatient, emergency services keeps rural hospitals afloat

Editor's Note More CEOs are considering rural emergency hospital (REH) designation, according to a February 12 article in Becker’s Hospital CFO Report. In January 2023, REH was established as a new Medicare provider type to enable struggling rural hospitals to continue operating with outpatient and emergency services only, instead of…

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By: Matt Danford
February 27, 2024
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A look back: 10 years of staffing data show scope of challenges for OR leaders

Data and surveys

Takeaways The COVID-19 pandemic exacerbated staffing problems, and although some parameters have improved, challenges remain. Surgical volume took a sharp drop during the pandemic but is now rebounding. Over the years, the gap in difficulty between recruiting RNs and recruiting STs has narrowed. Last month, OR Manager looked back on…

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By: Cynthia Saver, MS, RN
February 27, 2024
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South Korea issues deadline, threatens prosecution for junior doctors amid surgery-stopping strike

Editor's Note A week after a walkout of junior doctors in South Korea halted about a third of surgeries at large hospitals in Seoul, the government is threatening prosecution and the revocation of medical licenses if the walkout doesn’t end by February 29. As reported by the Associated Press February…

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By: Matt Danford
February 26, 2024
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Nurses projected to see greatest increase in hourly wage by 2033, new study finds

RNs are projected to see the highest increase in pay over the next 10 years compared to other healthcare professionals, new research reveals. The research by TollFreeForwarding.com projected the future hourly earnings of 16 professions, including doctors, dentists, and RNs. Although all three professions project to see earnings increases over the…

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By: Tarsilla Moura
February 21, 2024
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Session: How value-based care will impact surgical services

Editor's Note Understanding the impact of value-based care on the surgical suite (VBC) will be essential for hospitals to understand as payers begin to seek partners in new payment models. In a conference session yesterday, Lauren Cricchi, associate principal, financial services at Avalere Healthcare and Katie Sullivan, senior vice president,…

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By: Matt Danford
February 7, 2024
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Session: Strategy to reduce temporary labor expense

Editor's Note “How many of you are still struggling with staffing?” Tammy Straub, MSN, RN, APRN, CNOR, administrator of perioperative services at Lehigh Valley Hospital and Health Network, asked attendees of this session. Everyone in the room raised their hands. Straub and Alexandre Warman, MBA, CEBA, administrator of perioperative business…

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By: Tarsilla Moura
February 6, 2024
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