Practice Management News

Healthcare Workforce Set to Face High Resignation Rates Within 2 Years

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According to a new study published in Mayo Clinic Proceedings, one in five physicians intend to leave their practice in the next two years because of employee burnout, increased workload, fear of...

Where Hospital Price Transparency Compliance Is Lagging

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Hospital price transparency requirements aim to unveil healthcare pricing and support a consumer-oriented healthcare industry. However, hospital price transparency compliance is falling short,...

Investor-Owned Health Systems Linked to Most Low-Value Care

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Overuse of low-value services was most often seen in healthcare systems that had more beds, had fewer primary care physicians, had more physician practice groups, and were...

Large Hospital Mergers Signal New Phase of Healthcare Deals

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Hospital mergers and acquisitions were down in 2021 as industry leaders faced another year battling the COVID-19 pandemic, new research from Kaufman Hall shows. There were 49 transactions announced by...

Providence, Hoag Announce End of Decade-Long Affiliation

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California-based Providence and Hoag have announced that they will end their affiliation established about a decade ago. “Although we are formally parting ways, we will have other opportunities...

Hospital Contract Labor Costs Topped $4.5M in 2020

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As labor costs rise and labor shortages continue, hospital labor costs are skyrocketing.  According to a Definitive Healthcare report, average hospital contract labor expense rose to $4.59...

40 Hospitals in NY Forced to Stop Elective Surgery As COVID-19 Surges

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Forty hospitals in New York must stop all in-hospital elective surgeries as the state battles rising levels of COVID-19, the state’s Department of Health announced over the weekend. The order...

Study: Hospital Merger in NY Improved Quality, Outcomes

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Health outcomes and satisfaction rates at NYU Langone Hospital–Brooklyn, previously known as Lutheran Medical Center, have improved after a hospital merger deal with NYU Langone in 2016,...

NorthShore, Edward-Elmhurst Health System Complete 9-Hospital Merger

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NorthShore University HealthSystem and Edward-Elmhurst Health have finalized a hospital merger deal, creating the third-largest health system in Illinois, according to a recent announcement. The...

Providers Face Hiring Crunch As Nursing Workforce Recovers

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Healthcare delivery organizations could not hire as many nurses as they needed during the COVID-19 pandemic because of nursing workforce constraints, according to a new Health Affairs study. The...

New Contract Ends Record 301-Day Nursing Strike Over Staffing Issues

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According to the Massachusetts Nursing Association (MNA), the longest nurses strike in Massachusetts history over staffing concerns came to a long-awaited end when St. Vincent Hospital nurses ratified...

Hospital Revenue Margins Remain Depressed as Labor Expenses Rises

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Across the country, hospitals and health system finances are being strained by rising labor costs, global labor shortages, and dwindling revenue margins, according to a recent National Hospital...

IU Health Holds Pricing Flat Amid Hospital Price Transparency Push

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As state lawmakers aim to advance hospital price transparency in Indiana, the state’s largest hospital system is putting a hold on pricing increases. At an annual public forum on hospital price...

96% of Healthcare Facilities Hired Temporary Health Professionals

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According to an AMN Healthcare survey, 96 percent of healthcare facilities hired temporary health professionals in the last 12 months to combat the shortage of permanent healthcare workers. The...

Consumers Don’t Pay Patient Financial Responsibility After Bad Experience

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Consumers report a negative experience will dissuade them from paying full patient financial responsibility, according to the 2021 Healthcare Consumer Experience Study from Cedar.  In the survey...

UPMC Launches In-House Travel Staffing Agency Amid Nursing Shortage

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The University of Pittsburgh Medical Center (UPMC) launched its own travel staffing agency to attract highly skilled nurses and surgical technologists as a short-term solution to offset the nationwide...

Multiple Hospital Affiliations Linked to Greater Medical and Drug Cost

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According to a JAMA Network Open study, clinicians with multiple hospital affiliations were associated with increased medical cost, clinician service use, and greater procedure breadth. To conduct the...

WI Hospitals Sued 37% More Patients Over Medical Debt

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In a Health Affairs study, researchers from Yale and Stanford report that hospital lawsuits against patients over unpaid medical debt rose by more than a third in Wisconsin over nearly two decades,...

Urgent Care Utilization Pivots to Testing, Immunization

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According to an Epic research study, urgent care utilization has increased since the beginning of the pandemic, but visits have shifted to provide more testing and immunization and less non-COVID...

US Healthcare Spending Tops $4.1T Amid COVID-19 Pandemic

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The COVID-19 pandemic had a dramatic impact on US healthcare spending in 2020, according to a report recently released by the CMS Office of the Actuary. The “2020 National Health Expenditures...