Tag: Profit Margins

Editorial

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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Study: Hospital privatization reduces care quality

Editor's Note Quality of care drops when hospitals move from public to private ownership, according to review published in the March issue of the Lancet Public Health. The meta-analysis uses evidence from 13 longitudinal studies across the United States, Canada, Croatia, England, Germany, Italy, South Korea, and Sweden. Researchers evaluated…

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By: Brita Belli
March 4, 2024
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Survey: Healthcare supply chain leaders focused on staffing, savings, standardization

Editor's Note Addressing pressure on margins, inconsistent processes, and staffing issues are top priorities for healthcare supply chain leaders recently surveyed by symplr, a provider of enterprise healthcare operations software. Published February 27, the State of Healthcare Supply Chain Survey offers insight from nearly 100 VPs of Supply Chain, Chief…

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By: Matt Danford
March 1, 2024
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Save the Date for OR Business Management Conference 2025

Editor's Note After three days of education and networking last week at the 2024 OR Business Management Conference (ORMBC) last week, we’ve already got our sights set on next year. Mark your calendar for February 9-12, 2025, for another chance to hone in on OR profitability at the 13th iteration…

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By: Matt Danford
February 9, 2024
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Hospitals report modest growth as pandemic recovery continues

Editor's Note:  Hospitals and health systems are reporting improved operating margins and increases in revenue as they continue their long recovery from the effects of the COVID-19 pandemic, according to a January 10 report from Chief Healthcare Executive. Citing the National Hospital Flash Report from Kaufman Hall, the article notes…

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By: Matt Danford
January 16, 2024
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High labor costs, weak margins continue at nation’s nonprofit hospitals

Editor's Note An October 2023 report from Fitch Ratings finds that nonprofit hospitals will continue to have weak operating margins into 2024 and need to control labor costs in order to return to stronger margins, Chief Healthcare Executive October 5 reports. Some highlights of the report include: Median operating margins…

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By: Brita Belli
October 10, 2023
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Surgical scorecards help minimize costs without impacting outcomes

Editor's Note This review published by the Journal of the American College of Surgeons shows that surgical scorecards, or cards that summarize information regarding the cost of surgical items and procedures along with comparisons to similar operations, have been shown to significantly reduce costs without impacting clinical outcomes when presented…

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By: Brita Belli
October 4, 2023
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Positive margin trends for hospitals in new National Hospital Flash report

Editor's Note The September 2023 National Hospital Flash Report, published by Kaufman Hall on October 2, analyzed data from August 2023 and revealed that while margins are still below historic levels, hospital performance has continued to steadily improve. According to the report: "While hospital operating margins remain below historical levels,…

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By: Brita Belli
October 3, 2023
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Business session: Profitability in the OR—Benchmark Your OR's Performance

Editor's Note “Has your CNO [chief nursing officer] ever said you are the CEO of your department?” Jessica Gruendler, DNP, senior director of nursing, Perioperative Services, at Dignity Health, posed to OR Manager Conference attendees at the start of this session in a packed room with standing room only. A…

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By: Tarsilla Moura
September 20, 2023
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Panel: Trends in the OR—What's driving profitability?

Editor’s Note Three panelists weighed in on which trends are impacting profitability in an OR Business Management Conference session titled, "Trends in the OR—What's Driving Profitability?" What is the area most affected by last year’s high inflation and supply shortages? Staffing expenses and shortages are continuing to "put pressure on…

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By: Bridget Brown
February 6, 2023
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