May 2023 Issue of Becker's Hospital Review

May 2023 Issue of Becker's Hospital Review

ON THE COVER

David Levine, MD. Chief Medical Officer at Fisher-Titus Health
When David Levine, MD, took over full time in January as chief medical officer of Fisher-Titus Health in Norwalk, Ohio, he decided it was time to "stop doing things the way they've always been done.

Robert Garrett. CEO at Hackensack Meridian Health
A decade ago, at a backyard cookout, we kicked around the bold idea of starting a medical school, one that would change the way future physicians practice medicine. We realized that you can’t make all improvements necessary to remodel a flawed American healthcare system at the point of care. You have to instill a new way of learning with a far more expansive view of health and healthcare and teach future physicians to become lifelong learners.

Clay Holderman. CEO of UnityPoint Health
Clay Holderman, CEO of UnityPoint Health, and Dale Maxwell, CEO of Presbyterian Healthcare Services, had been talking for a while about seeking partnerships with other health systems when it finally dawned on them they should be talking to each other about a possible merger between their two organizations.

Nancy Howell Agee, MSN, BSN. CEO at Carilion Clinic
CEOs of hospitals and health systems with a background in bedside nursing appear to be few and far between, making the advice from nurses at the helm of hospitals even more valuable to aspiring nurse CEOs.

Elizabeth Bolt. COO and Senior Vice President at UW Health
In honor of Women's History Month in March and International Women's Day on March 8, Becker's Hospital Review asked women in the healthcare industry to share their insights on leadership.

Missy Miller. Chief Marketing Officer at Waystar
In honor of Women's History Month in March and International Women's Day on March 8, Becker's Hospital Review asked women in the healthcare industry to share their insights on leadership.

Health system CEOs' leadership styles are evolving
After the last few years of guiding organizations through the pandemic and facing extreme financial and operational challenges this year, health system CEOs are turning to a tried-and-true leadership tactic to balance growth and innovation with the realities of shrinking margins, workforce shortages and increased competition: authentic leadership.

What will health systems prioritize once Gen Z is running them?
Generation Z is inheriting a troubled healthcare system: staffing shortages, caregiver burnout, pandemic aftershocks, financial woes. But these industry challenges are not scaring young people away from healthcare — they're motivating them to run toward it. 

A physician leader saw 'chaos' with 'recycled' administrators, so he's charting a new course
When David Levine, MD, took over full time in January as chief medical officer of Fisher-Titus Health in Norwalk, Ohio, he decided it was time to "stop doing things the way they've always been done."

Presbyterian Healthcare and UnityPoint unite: How an $11B merger unfolded
Clay Holderman, CEO of UnityPoint Health, and Dale Maxwell, CEO of Presbyterian Healthcare Services, had been talking for a while about seeking partnerships with other health systems when it finally dawned on them they should be talking to each other about a possible merger between their two organizations.

3 nurse CEOs on combating assumptions, getting ahead of skill gaps
CEOs of hospitals and health systems with a background in bedside nursing appear to be few and far between, making the advice from nurses at the helm of hospitals even more valuable to aspiring nurse CEOs

Biden's $6.8T budget: 15 healthcare takeaways
President Joe Biden proposed a $6.8 trillion budget March 9, and it includes several healthcare initiatives, including plans to extend Medicare's solvency by 25 years and making COVID-era ACA subsidies permanent.

14 health systems with strong finances
Here are 14 health systems with strong operational metrics and solid financial positions, according to reports from credit rating agencies Fitch Ratings, Moody's Investors Service and S&P Global.

1st hospitals line up for new rural hospital designation
The first hospitals seeking CMS' new rural emergency hospital designation have submitted their applications, Kaiser Health News reported March 6.

Top 7 billionaires in US healthcare
An HCA Healthcare co-founder and shareholder tops the list of billionaires in U.S. healthcare.

HCA's 5 highest-earning executives
In 2022, one of HCA Healthcare's highest-earning executives was also its newest. 

20 hospitals with smallest CEO-to-worker pay ratios
CEO pay at large has been a target of criticism by workers in recent months, including physicians and travel nurses, and the issue has surfaced as healthcare professionals negotiate their own pay. 

23 thoughts on leadership from women in healthcare
In honor of Women's History Month in March and International Women's Day on March 8, Becker's Hospital Review asked women in the healthcare industry to share their insights on leadership.

CFO / FINANCE

Biden's $6.8T budget: 15 healthcare takeaways
President Joe Biden proposed a $6.8 trillion budget March 9, and it includes several healthcare initiatives, including plans to extend Medicare's solvency by 25 years and making COVID-era ACA subsidies permanent.

U of Minnesota seeks $950M to acquire 'flagship' hospitals before merger
The University of Minnesota plans to ask state lawmakers for $950 million to acquire and pay for initial operating costs of its on-campus hospitals in Minneapolis.

Virginia health system eliminates COO positions
Sovah Health, part of Brentwood, Tenn.-based Lifepoint Health, has gotten rid of the COOs at its Danville and Martinsville, Va., campuses and eliminated both positions, the Danville Register & Bee reported March 13.

California hospital CFO resigns after 5 days
Mariposa, Calif.-based John C. Fremont Hospital is again looking for a CFO after Mark Foote resigned after five days on the job, the Mariposa Gazette reported Feb. 23. 

14 health systems with strong finances
Here are 14 health systems with strong operational metrics and solid financial positions, according to reports from credit rating agencies Fitch Ratings, Moody's Investors Service and S&P Global.

CEO/STRATEGY

Penn Medicine eliminates administrative jobs in cost-cutting move
Philadelphia-based Penn Medicine is eliminating administrative positions as part of a reorganization plan to save the health system $40 million annually, the Philadelphia Business Journal reported March 13. 

HCA's 5 highest-earning executives
In 2022, one of HCA Healthcare's highest-earning executives was also its newest. 

Former MetroHealth CEO hid unauthorized bonuses, audit says
A third-party audit commissioned by Cleveland-based MetroHealth found its former CEO concealed bonuses from the board. Dr. Boutros immediately disputed the findings through his attorney.

Who spent $1M to disparage a hospital?
A campaign pointing out negative statistics and experiences at New York City-based Maimonides Medical Center, with a video even likening it to being in prison, has cost more than $1 million, The New York Times reported. But it's unknown who's funding it.

20 hospitals with smallest CEO-to-worker pay ratios
CEO pay at large has been a target of criticism by workers in recent months, including physicians and travel nurses, and the issue has surfaced as healthcare professionals negotiate their own pay. 

THOUGHT LEADERSHIP

What will health systems prioritize once Gen Z is running them?
Generation Z is inheriting a troubled healthcare system: staffing shortages, caregiver burnout, pandemic aftershocks, financial woes. But these industry challenges are not scaring young people away from healthcare — they're motivating them to run toward it.

Lessons we learned in creating the Hackensack Meridian School of Medicine
A decade ago, at a backyard cookout, we kicked around the bold idea of starting a medical school, one that would change the way future physicians practice medicine. We realized that you can’t make all improvements necessary to remodel a flawed American healthcare system at the point of care. You have to instill a new way of learning with a far more expansive view of health and healthcare and teach future physicians to become lifelong learners.

A physician leader saw 'chaos' with 'recycled' administrators, so he's charting a new course
When David Levine, MD, took over full time in January as chief medical officer of Fisher-Titus Health in Norwalk, Ohio, he decided it was time to "stop doing things the way they've always been done."

Presbyterian Healthcare and UnityPoint unite: How an $11B merger unfolded
Clay Holderman, CEO of UnityPoint Health, and Dale Maxwell, CEO of Presbyterian Healthcare Services, had been talking for a while about seeking partnerships with other health systems when it finally dawned on them they should be talking to each other about a possible merger between their two organizations.

3 nurse CEOs on combating assumptions, getting ahead of skill gaps
CEOs of hospitals and health systems with a background in bedside nursing appear to be few and far between, making the advice from nurses at the helm of hospitals even more valuable to aspiring nurse CEOs

INNOVATION

Cuban breaks into brandname drug market
Mark Cuban Cost Plus Drug Co. has entered into an agreement with IBSA Pharma to sell Tirosint, a medication for hypothyroidism. It will be the first brand-name drug offered by Mr. Cuban's pharmacy.

Best Buy's $400M remote patient monitoring company partners with Geisinger, Mount Sinai, NYU Langone Health
Best Buy has partnered with five of the 10 largest U.S. health systems on remote patient monitoring, according to a March 2 earnings call.

Walmart Health to add 28 new clinics by 2024
Walmart Health will open 28 new Walmart Health centers by the first quarter of 2024.

Mayo Clinic set to build 120-acre innovation hub in Arizona
Rochester, Minn.-based Mayo Clinic plans to start building a 120-acre innovation hub soon at its Arizona campus, the Phoenix Business Journal reported.

Health system CEOs' leadership styles are evolving
After the last few years of guiding organizations through the pandemic and facing extreme financial and operational challenges this year, health system CEOs are turning to a tried-and-true leadership tactic to balance growth and innovation with the realities of shrinking margins, workforce shortages and increased competition: authentic leadership.

CMO CARE DELIVERY

When hospitals stick nurses with $15K in training costs
Some hospitals are sticking recent nurse graduates with the cost of training programs if they leave or are fired before their contract is up — a practice that has become increasingly common, according to a March 12 report from NBC News.

The unexpected benefit Erlanger saw after raising nurse pay
Chattanooga, Tenn.-based Erlanger Health System has seen fewer nurses call in sick since the approval of a 10 percent pay raise in January, theChattanooga Times Free Press reported Feb. 26. 

The linguistic controversies of clinical titles
The temperature of conversations surrounding clinical titles has been rising for years. Now, heated discussions about how advanced practice providers refer to and market themselves are commonplace and coincide with conflicting views about their roles in the healthcare industry. 

16 health systems that partner with One Medical (and now Amazon)
Amazon's newest healthcare company, One Medical, has spent years courting health systems as partners so their specialists could provide care at its more than 125 clinics.

29 physician specialties ranked by happiness
Physicians' happiness varies greatly by specialty, with plastic surgeons reporting the most contentment outside of work, a Feb. 24 Medscape report found.

CIO/HEALTH IT

'That is exactly how we treated the patient': ChatGPT update's medical expertise surprises physicians
A ChatGPT update released March 14 has been stunning physicians with its ability to deliver sound medical advice, The New York Times reported.

Russian ransomware gang posts more Lehigh Valley patient photos to dark web
Russian ransomware gang BlackChat has posted more photos of patients from Allentown, Pa.-based Lehigh Valley Health Network to the dark web, The (Allentown) Morning Call reported March 10.

Anonymous call informs Virginia hospital of data breach
An anonymous individual called Norfolk, Va.-based Sentara Healthcare to notify the hospital that a PDF copy of a Medicare remittance report for Sentara's lab services was uploaded to an Adobe Acrobat website. 

Ochsner CIO moves to Sutter Health
Sacramento, Calif.-based Sutter Health has named Laura Wilt as its new senior vice president and chief digital officer. 

Epic, Press Ganey to integrate patient experience data into MyChart
Epic Systems has partnered with consumer experience company Press Ganey to integrate patient experience data into MyChart. 

WOMEN'S LEADERSHIP

23 thoughts on leadership from women in healthcare
In honor of Women's History Month in March and International Women's Day on March 8, Becker's Hospital Review asked women in the healthcare industry to share their insights on leadership.

Best, worst states for women
Many of the best states for women are concentrated on the East Coast, while Southern states fare worse for female residents. 

150 top places to work in healthcare | 2023
Becker's Healthcare is thrilled to announce its 2023 list of 150 top places to work in healthcare. This list is meant to call attention to hospitals, health systems and healthcare companies that invest in their employees' wellbeing, satisfaction and fulfillment.

'Most powerful woman in healthcare': Judy Faulkner named 1 of 5 inspirational women in business
Noting that she's been dubbed the "most powerful woman in healthcare," marketing agency C2 Communications named Epic founder and CEO Judy Faulkner one of its five inspirational women in business.

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