February 2015 Issue of Becker's Hospital Review

Feb 2015 HR Current Issue


On the Cover

 dollar bills  

200 statistics on physician compensation | 2015
Between the new value-based care models, M&A activity and innovations in healthcare, it is valuable to track compensation to evaluate and compare how changes will affect physicians. Click here to continue>>



Healthcare strategy 2015 — Back to the basics: 12 key thoughts
As one looks at the next couple of years and thinks about strategy, there are many different thoughts as to what is the right strategy. Click here to continue>>




What if We Were Wrong About The Physician Shortage?
For years, the medical community has largely agreed the United States is facing a critical physician shortage that will seriously impact patients' ability to get medical care in the very near future. Click here to continue>>



Publisher’s Letter


20 Statistics on Hospital, Health System Executive Compensation
Healthcare executives consider many factors when deciding which hospital, health system or organization to join, not least of which is compensation. Click here to continue>>

Nurse Compensation Mostly Unchanged from 2013 to 2014
Nurses' average compensation growth was relatively flat from 2013 to 2014, according to the 2014 AORN Salary and Compensation Survey. Click here to continue>>

The Best Executive Compensation Packages: Attractive Yet Sensible
Say goodbye to the private jet, the club membership and the tax breaks, because being a healthcare executive doesn't pay quite like it used to. Click here to continue>>

CFO Roundtable

Financial Leaders Discuss Compensation Issues and Lessons Learned
Hospital and health system CFOs have a lot on their plates between managing revenue cycle, supply chain and budgets, to name a few. Click here to continue>>

Financial Management

The Ultimate Transaction Guidebook: How to Keep Your Hospital From Singing the Post-Merger Blues
Numerous issues can materialize after a hospital or health system transaction has closed. However, there are steps organizations can take to help ensure they aren't a party to a failed deal. Cilck here to continue>>

5 Traits of a Good CFO in Healthcare
As healthcare continues to change and shift to value-based reimbursement, the role of the hospital CFO has become more strategic and multi-faceted.Cilck here to continue>>

CMS Makes Changes to RAC Program
CMS has made a number of changes to the Recovery Audit Contractor program after evaluating provider concerns raised about the program.Cilck here to continue>>

2015 May Be Busy Year for Hospital Deals
With the number of hospital deals already announced in January, this year could be a busy one for hospital transactions, according to a recent report from Irving Levin Associates.Cilck here to continue>>

Shifting Gears to Become a Strategic CFO: Q&A With Stanford Health Care CFO Daniel Morissette
The role of hospital and health system CFO is evolving, and successfully transitioning into a more strategic role takes a strong combination of analytical skills and people skills.Cilck here to continue>>

Mayo Clinic Brings Expertise to China With New Joint Venture
Mayo Clinic will extend its reach to China under a joint venture agreement that will establish a company in Beijing to improve healthcare delivery and efficiency.Cilck here to continue>>

12 Questions to Ask Before Launching a Provider-Sponsored Health Plan
Across 39 states, 107 health systems offer health plans in one or more markets.Cilck here to continue>>

Tenet’s 2015 Financial Outlook Falls Below Expectations
Dallas-based Tenet Healthcare has provided its profit outlook for 2015, which falls below analyst expectations, according to a MarketWatch report.Cilck here to continue>>

Plans for Medicare Payment Overhaul Receive Mixed Reviews
HHS announced ambitious goals for the healthcare industry Monday, stating it wants 50 percent of Medicare payments based on how well patients are cared for by 2018, which was the first time in the history of the Medicare program such explicit goals have been set for alternative payment models.Cilck here to continue>>

MedPac’s Final Payment Recommendations to Congress: 5 Things to Know
The Medicare Payment Advisory Commission has issued its final payment recommendations for inclusion in its annual report to Congress, which includes a slight increase in hospital Medicare payments and restructuring of the Primary Care Incentive Program.Cilck here to continue>>

Clinical Integration & ACOs

What if We Were Wrong About The Physician Shortage?
For years, the medical community has largely agreed the United States is facing a critical physician shortage that will seriously impact patients' ability to get medical care in the very near future. Click here to continue>>

New Physicians Overwhelmed by Job Opportunities
Sixty-three percent of residents have been approached with job opportunities by hospitals, medical groups and recruiting firms 51 times or more during the course of their training.Click here to continue>>

A Practical Approach to Population Health: Report From the Front-Lines of Healthcare Transformation
Based on extensive client work and research, this article describes the journey towards population health — cutting through the hype and buzzwords to offer practical advice.Click here to continue>>

What Concerns Physicians About Value-Based Care?
The majority of physicians are most concerned with getting penalized for factors they cannot control.Click here to continue>>

In 10 Years, Nurse Practitioners Nearly Double
Over the last decade, the ranks of licensed nurse practitioners have nearly doubled in the U.S., increasing from 106,000 in 2004 to 205,000 by the end of last year, according to data from the American Association of Nurse Practitioners.Click here to continue>>

40-Practice Physicians Association to Drop Out of MSSP
Burlington, Vt.-based Healthfirst, a network of 40 independent physician practices, announced it will drop out of the Medicare Shared Savings Program after more than two years because the program was unsustainable, according to VTDigger.Click here to continue>>

Health IT

Waiting on the ROI: 3 Lessons From Health IT Investments
As the saying goes, time is money — and the healthcare industry has invested a lot of both. Click here to continue>>

25 Health IT Data Points on EHRs, MU, mHealth and Big Data
Here are 25 statistics, data points and key numbers to know about the health IT industry.Click here to continue>>

6 Data Breach Predictions
Global information company Experian has put out its second annual data breach industry forecast, and the outlook isn't good for healthcare.Click here to continue>>

257,000 Clinicians Face Meaningful Use Penalties in 2015
Starting next month, approximately 257,000 eligible professionals will face Medicare payment adjustments for failing to meet requirements of the meaningful use EHR incentive program, according to a Medscape report.Click here to continue>>

The Problem With EHRs: 5 Complaints From CIOs
Clinician dissatisfaction with EHRs has widely been documented, largely surrounding the issue of workflow. However, CIOs also have their complaints with the way EHRs function.Click here to continue>>

Surprised Nobody Wants to Use Your Hospital’s Patient Portal?
It's a familiar routine for many patients: navigate to a hospital website and let the clicking begin.Click here to continue>>

Leadership & Management

Healthcare Strategy 2015 — Back to the Basics: 12 Key Thoughts
As one looks at the next couple of years and thinks about strategy, there are many different thoughts as to what is the right strategy. Click here to continue>>

Do Good, and Don’t Complain: Q&A with Dr. Steven Gabbe, CEO of OSU Wexner Medical Center
"I've never heard someone tell me, 'You just don't understand,' because they know I do." Click here to continue>>

10 Most Concerning Issues for Hospital CEOs
For the 11th year in a row, hospital CEOs ranked financial challenges as the No. 1 issue facing their organizations in 2014.Click here to continue>>

With 275 CEO Departures, Healthcare Again Leads in CEO Turnover
The healthcare industry tied with the computer industry for highest CEO turnover in November, but is the leader across all industries with highest instances of turnover this year to date, according to a report published by Challenger, Gray & Christmas.Click here to continue>>

Sizing Down: Why One Health System Executive Created a Strategy Team “as Small as Reasonably Possible
As health systems expand into new regions, their moves are akin to a live version of the board game "Risk," in which players must occupy the most territory to win.Click here to continue>>

Proving it Takes a Village: José R. Sánchez and Norwegian American’s Remarkable Turnaround
When José R. Sánchez arrived at Chicago's Norwegian American Hospital to serve as president and CEO in October 2010, the hospital was struggling to stay afloat. Click here to continue>>

Chuck Lauer: A Hero’s Advice on Helping Others
A colonel's personal mantra is for all of us to keep in mind, especially at this time of year when so many families and children need our help.Click here to continue>>

From the Editor’s Desk: When It Comes to Party Politics, Some CEOs Put on More of a Poker Face Than Others
Keeping your political opinions out of the office is plain old common sense to most professionals. But the stakes might be especially high if you're a hospital executive.Click here to continue>>

The Corner Office: Raji Kumar of Dallas Medical Center on the Competitiveness and Complexity of Healthcare
Raji Kumar, MBA, has served as CEO of Dallas Medical Center since 2010, but she has nearly 10 years of experience as a hospital CEO — and since she turned 40 in 2014, that's quite a feat.Click here to continue>>

Hospital & Health System Executive Moves

Hospital & Health System Transactions


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