Tag: Labor Costs

Report: Health system margins shrink as hospital revenue grows

Editor's Note Operating margins for health systems declined across the US in early 2025 even as hospitals reported steady revenue growth, according to a February 27 report from Strata Decision Technology. The median operating margin for U.S. health systems dropped to 1.0% in January, down from 2.1% in December, marking…

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By: Matt Danford
March 4, 2025
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Healthcare CFOs prioritize cost control, data-driven decisions

Editor's Note Survey results reveal healthcare finance leaders expect limited financial gains in 2025 and are shifting their focus to operational improvements and cost management rather than margin growth. DotMed reported the news February 24. The article is based on a new report on a survey of over 100 healthcare…

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By: Matt Danford
February 27, 2025
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Providence Health strike ends with wage increases, staffing changes

Editor's Note Nearly 5,000 healthcare workers at Providence Health in Oregon secured substantial wage increases and improved staffing plans, ending a historic six-week strike that began January 10, according to a February 25 article in MedPage Today. According to the article, the strike involved eight RN bargaining units and marked…

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By: Matt Danford
February 26, 2025
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Session: Riding the Wave—Considerations to Making Anesthesia Profitable in Today's Labor Market

Editor's Note The OR Business Management Conference this year for the first time offered a lineup of sessions that was fully dedicated to content relevant to ambulatory surgery centers (ASCs). In this session, Collin Pick, MSN, CRNA, ARNP, CMPE, chief of anesthesia, Physician Partners of America, explored the ongoing anesthesia…

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By: Tarsilla Moura
February 19, 2025
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Human trafficking in healthcare supply chains often underrecognized, expert argues

Editor's Note Although human trafficking’s infiltration into healthcare labor and supply chains is pervasive, many clinicians and other professionals remain unaware of the extent of the issue, according to a February 3 opinion piece in MedPage Today. While efforts have focused on identifying trafficking victims in clinical settings, healthcare organizations…

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By: Matt Danford
February 14, 2025
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Healthcare employment up in January

Editor's Note Healthcare employment in the US rose by 44,000 from January to February, according to the latest report from the Bureau of Labor Statistics, released on April 5. That is compared to an overall monthly gain of 143,000 in January, less than the 170,000 initially forecast. The healthcare figures…

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By: Matt Danford
February 7, 2025
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Solving the supply chain equation takes shared perspective, ingenuity

Takeaways • Interdepartmental collaboration and standardized communication are essential to quickly identifying and addressing supply chain challenges. • Just-in-time inventory strategies have gained traction since the pandemic. Successful strategies involve leveraging data, rethinking preference card management, and shifting to a demand-planning model. • Resiliency is essential to cope with the…

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By: Carina Stanton
January 31, 2025
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Videos digitize, automate preoperative, postoperative care

Immersed in texts, apps, QR codes, and streaming videos, we live in a digital world. And yet, healthcare has been slow to catch up. Most nurses and other staff still hand out packets of paper and relay information verbally, whether in person or over the phone. It does not have…

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By: Meghan Nechrebecki, MSPH
January 31, 2025
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Health system leader survey respondents brace for 2025 shifts

Editor's Note Health system leaders expect to face mounting physician challenges, shifting reimbursement models, and new growth opportunities throughout this year, according to VMG Health’s Health System Leader Expectations survey. Based on responses from 73 health system leaders, the report highlights the sector’s key trends and priorities for 2025. Key…

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By: Matt Danford
January 27, 2025
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Hospital financial report predicts stability, high cybersecurity costs for 2025

Editor's Note Hospitals’ financial outlook is stable, although growth is slowing and certain costs are projected to increase, particularly for cybersecurity, according to two recent Becker’s reports on data from Moody’s Investor Services. The first, published November 14 in Becker’s Hospital CFO Report, notes that “hospitals are facing a stable…

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By: Matt Danford
November 20, 2024
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