Becker’s Hospital Review – October 2013
5 Things the Most Innovative Health Systems Do Differently
Steve Jobs, founder of Apple and one of the most creative leaders of our time, once told Forbes magazine his philosophy for innovation. “It’s not about money,” he said. “It’s about the people you have, how you’re led and how much you get it.” Click to continue »
50 Things to Know About the Hospital Industry
Hospitals and health systems in the U.S. are undergoing a dramatic shift in their business models due to a number of forces that are expected to eventually turn the industry on its head — from providers concerned with the volume of services they provide, to providers who focus on offering high-value services that emphasize keeping populations healthy. Click to continue »
Market Matters: How Major Hospitals Mergers Have Avoided Antitrust Issues
The summer of 2013 was an eventful season for the for-profit hospital market. Click to continue »
Publisher’s Letter
Rising Stars: 25 Healthcare Leaders Under 40
Becker’s Hospital Review is pleased to recognize the following 25 men and women who, before reaching the age of 40, have excelled as healthcare leaders. Click to continue »
How Ideas Become Innovations: Roundtable With Healthcare Innovation Leaders From UCLA, Ohio State
Innovation is increasingly becoming an important discipline for many of the country’s hospitals and health systems. Click to continue »
The Time Is Now: 4 Steps to Help Providers Succeed in a Value-Based World
Whether hospitals and health systems are ready for value-based contracts or not, the proliferation of those contracts cannot be denied. Learning From the Best: What HIM Looks Like at Geisinger, Intermountain. Click to continue »
Keys to Success as an ACO: Model Physician Relations Maintaining Entrepreneurial Incentive and Self-Direction
Recently many journal articles and presentations have discussed how important it is under the Affordable Care Act to “get together” with physicians. Click to continue »
Independent Physicians Slow to Accept ACOs, Survey Finds
Independent physicians are less likely than their employed peers to believe accountable care will benefit their practice, according to athenahealth’s 2013 Physician Sentiment Index. Click to continue »
Medicare ACO Growth Outpaces Commercial ACOs
Medicare accountable care organizations now outnumber non-Medicare ACO contracts, according to a newly released Leavitt Partners analysis. Click to continue »
At the Forefront: How Hospitals Can Be on the Cutting Edge With Payers
This past May, Moody’s Investors Service put out a red flag to hospitals. The credit rating agency said if hospitals and health systems want to have a shot of success in the future, they will have to focus on quantitatively measuring value rather than volume, and those indicators will have to coincide with the shift to risk-based contracting. Click to continue »
S&P: Hospitals Had Stable 2012, But Financial Ratios Likely to Weaken in 2013
Although many nonprofit hospitals and health systems recorded steady finances in fiscal year 2012, the same may not be said at this time next year, according to the newest median reports from Standard & Poor’s Ratings Services. Click to continue »
9 Major For-Profit Hospital Companies Record $600M in Quarterly Earnings
Nine of the largest for-profit hospital operators reported quarterly earnings in July and August. Click to continue »
State Law Now Requires North Carolina Hospitals to Post Prices for 140 Procedures
North Carolina Gov. Pat McCrory signed into law House Bill 834, which requires hospitals to post their prices on 140 of their most common procedures. Click to continue »
OIG: Medicare Could Save Millions by Reassessing Critical Access Hospitals
Medicare spent an extra $449 million in 2011 reimbursing facilities that don’t meet location requirements for critical access hospital status, according to a report from the HHS Office of Inspector General. Click to continue »
Moody’s: 132 Statistics on Nonprofit Hospital Medians
Moody’s Investors Service has issued its annual medians report for nonprofit hospitals, finding that providers had a strong balance sheet in fiscal year 2012 but profitability metrics were down compared with FY 2011. Click to continue »
Preparing for ICD-10’s Impact on Your Revenue Cycle
There is no better time to take a good look at your revenue cycle. Why? The transition to ICD-10 is coming soon, and it will mean big changes to your revenue cycle. Click to continue »
Stop the Noise: How Hospitals Can Provide Physicians With Meaningful Feedback
Most people know the process. A pair of pants fit too snugly, and the diet begins. Click to continue »
Maximize the Contact Center and Bridge Patient Communication Gaps in a New Healthcare Setting
With providers now sharing responsibilities for the well-being of patients with concerted efforts toward delivering coordinated care, emphasizing proactive health practices and managing populations effectively, the role of the contact center is ever-more important to help bridge communication gaps along the care continuum. Click to continue »
Becker’s Hospital Review 5th Annual Meeting Brochure
Phoebe Putney Won’t Have to Sell Palmyra Hospital in FTC Settlement
The Hospital Authority of Albany Dougherty County in Georgia and Albany, Ga.-based Phoebe Putney Health System have agreed to a settlement with the Federal Trade Commission, resolving charges that the parties’ acquisition of Palmyra Park Hospital harmed competition. Click to continue »
9 Considerations for Developing a Long-Term Acute-Care Hospital
For hospitals and health systems traditionally focused on acute care, considering a post-acute care and long-term acute care strategy may be a somewhat new concept. Click to continue »
Sacred Heart Hospital Paid $5.5M to Companies Owned by Former CEO
The troubled Sacred Heart Hospital in Chicago paid at least $5.5 million to companies controlled by its former owner and CEO, Edward Novak, who was arrested by the FBI in April, according to a Crain’s Chicago Business report. Click to continue »
Hospital of the University of Pennsylvania Must Refund $538k
From 2008 to 2011, the Hospital of the University of Pennsylvania in Philadelphia received almost $538,000 in Medicare overpayments due to incorrectly billed inpatient and outpatient claims, according to a report from the HHS Office of Inspector General. Click to continue »
Northwestern University to Pay $2.9M to Settle False Claims Act Allegations Over Cancer Research Funds
Northwestern University in Evanston, Ill., has agreed to pay a settlement of $2.9 million to be released from False Claims Act allegations over the use of cancer research grant funds, according to a Lexology report. Click to continue »
The Supply Chain’s Role in Making or Breaking Hospitals’ Margins, Competitive Edge
As hospitals seek to protect their margins in an era of decreasing reimbursement and other pressures on their bottom lines, there is one area of spending that is ripe for savings: the supply chain. Click to continue »
Preparing for Health Exchanges: 14 Questions to Assess Your Organization’s Readiness
The Patient Protection and Affordable Care Act of 2010 created state-specific health insurance exchanges, now referred to as “marketplaces,” that are designed to offer consumers a side-by-side comparison of available health plans. Click to continue »
50 of the Greenest Hospitals in America
Primum non nocere — the phrase is common among physicians, meaning “First, do no harm” in Latin. But as hospitals, physician groups and other healthcare organizations integrate their care, they have started to adopt that philosophy in a broader context. Click to continue »
Chuck Lauer: Accountability
We hear a lot about “accountability” in healthcare — from the boardroom, to the workplace, to new payment methodologies like “accountable care organizations” — but most people don’t have a clue about what the word really means. Click to continue »
Hospital & Health System Executive Moves
Hospital & Health System Transactions
