Identifying areas for savings opportunities surrounding the hospital supply chain can help reduce supply chain costs by 5 to 15 percent, said Mr. Cunningham. "As we look at some of the more advanced industry leaders, what we see different in those organizations from other organizations is that they view the supply chain as a leverage for their businesses," he said. "Progressive organizations and healthcare organizations have a similar effort to move up to that 'best in class' environment where they have a culture of supply chain. It's strategic."
"For at least some of the providers contemplating a purchasing decision, integration is clearly outweighing functionality," said report author Adam Cherrington in a news release. "If providers have an IPS product then they are staying put, but if they are in the market and their EMR vendor has an IPS product, then the best-of-breed products often don't even get considered."
To think that health care is this ‘ginormous’ business that doesn’t understand costs is mind-blowing,” said Vivian Lee, ‘We don’t know what it costs, so how can we manage it?’ The escalation of healthcare costs is partially a result of the industry's inability to measure cost and quality.
How did any private, nonprofit organization gain this kind of power? Why do American healthcare facilities pay the Joint Commission millions each year for the privilege of a voluntary accreditation review? It’s a classic tale of good intentions, designed to improve healthcare quality, that turned into a quagmire of unintended consequences and heavy-handed regulation.
First Choice Emergency Room, the largest network of independent freestanding emergency rooms in the United States, today announced the pricing of its initial public offering of 4,900,000 shares of its Class A common stock at a public offering price of $22.00 per share. The shares are expected to begin trading today on the New York Stock Exchange under the symbol "ADPT."
Five healthcare CFOs and two finance experts discuss risk management challenges and solutions and the impact of trends including consolidation and new capital spending initiatives. As they look to adapt to seismic shifts in the healthcare industry, hospital and health system CFOs must stay focused and trust their instincts when it comes to managing risks for their organizations.
Journal of the American Medical Association (JAMA), found that Hologic’s 3D Mammography (breast tomosynthesis) screening technology finds significantly more invasive cancers than a traditional mammogram. The researchers also found that 3D mammography reduces the number of women called back for unnecessary testing due to false alarms. That reduces anxiety, as well as health care costs.
The global Digital X-ray Market was valued at an estimated $4,687.2 million in 2013 and is expected to reach $8,710.0 million by 2018, growing at a CAGR of 13.2% between 2013 and 2018. Among various applications, chest imaging, and dental have the largest shares in 2013, while mammography is forecasted to be the fastest-growing segment in the Digital X-ray Market
When an older American walks into a hospital, he or she has about a 1 in 4 chance of suffering some sort of injury during their stay. Many of these are debilitating, life-threatening, or even fatal. Things are not much better for younger Americans
As healthcare moves away from a fee-for-service payment environment to one that encourages reimbursement for quality and value, chief financial officers face a damning reality: Revenue and income will be strained as hospitals make a push to keep patients out of their four walls when necessary.