October 2022 Issue of Becker's Hospital Review

October 2022 Issue of Becker's Hospital Review

ON THE COVER

Kaiser plans $1.7B expansion
Oakland, Calif.-based Kaiser Permanente is expanding two hospitals and building two new medical offices, according to The Press-Enterprise.

How HCA, Tenet, CHS and UHS fared in Q2
Four major for-profit hospital operators saw profits decline in the second quarter of 2022.

52 great health system chief strategy officers | 2022
Becker's Healthcare is thrilled to honor outstanding chief strategy officers for health systems in 2022.

With workplace violence on the rise, some health systems are hiring experts to address it
Amid increased calls to address workplace violence, some health systems are hiring personnel specifically to focus on the issue. The directors often oversee areas of the organization related to safety and security.

General Catalyst: Why the VC firm with an unassuming name should have healthcare's attention
In July, venture capital firm General Catalyst launched its second $600-million-plus fund focusing on healthcare. Then on Aug. 11, the company plucked Marc Harrison, MD, the president and CEO of Salt Lake City-based Intermountain Healthcare, to run a healthcare investment platform.

HCA hospitals make 21 leadership changes
HCA Healthcare, a 182-hospital system based in Nashville, Tenn., has made leadership changes at several of its hospitals in recent months.

Reading between the lines when CEOs abruptly 'step down'
Ambiguous language around CEO departures can obscure the circumstances or drivers of their exits. Researchers are trying to find correlations that get the real story.

Top 10 hospitals for consumer loyalty in 2022
NRC Health has recognized 100 hospitals nationwide with its 2022 Consumer Loyalty Award, the healthcare data firm said Aug. 16.

Mount Sinai spinoff lays off 250 employees; founder exits
Sema4, a genomics spinoff of New York City-based Mount Sinai Health System, has let go of 250 employees as part of an effort to save $50 million in 2022.

The initiative that's bringing nurses back to the bedside at Jefferson Health
Philadelphia-based Jefferson Health launched its "Nursing SEAL Team" program in July, which aims to give nurses more flexibility with where they work. Now, in the month since the initial team launch, the program has expanded into other departments and is attracting former employees back to the system.

COVID-19 surgical backlogs persist: 4 things for hospital leaders to know
A new study from researchers at Massachusetts General Hospital in Boston found that even well into 2021, surgical procedure volumes had not fully recovered to pre-pandemic levels. This has contributed to ongoing backlogs that could result in more advanced disease and higher costs in the future.

11 statistics on physician assistant salary by specialty
Physician assistants specializing in dermatology earned $147,000 between mid-November 2021 and early January 2022, making it the highest-paid PA specialty within that time, according to a new report from Medscape published June 3.

How health system CIOs are overcoming IT staffing challenges
Hospital CIOs report that IT staffing remains a major challenge, as health systems compete with tech companies for employees and budgets are strained by rising salaries.

Barry Ostrowsky, President and CEO, RWJBarnabas Health
When a healthcare leader takes the helm of a hospital, they bring with them advice from mentors as well as their own career learning experiences. Now, five CEOs — one who recently retired and four preparing to do so — shared their advice with Becker's Hospital Review, from setting one's ego aside to engaging with the community.

Craig Kwiatkowski, PharmD, CIO, Cedars-Sinai
From his days working as a pharmacist with a Chicago-area chain more than three decades ago, Craig Kwiatkowski, PharmD, has witnessed the evolution of health IT. And he's excited for the future of the field.

Peter Winkelstein, MD, CMIO, Kaleida Health
The seamless sharing of patient data has long been a goal of many in healthcare. Just ask Peter Winkelstein, MD.

Ryannon Frederick, RN, CNO, Mayo Clinic
Four nursing chiefs from US News & World Report's best ranked hospitals recently spoke with Becker's Hospital Review about the best advice they've received – whether it be from colleagues or family members.

Michael Pfeffer, MD, CIO, Stanford Health Care
Health CIOs need to be on the cutting edge of innovation and be able to project what technology is going to change the healthcare market.

Sophy Lu, CIO, Northwell Health
New Hyde Park, N.Y.-based Northwell Health's new CIO Sophy Lu looks to seize the moment of healthcare technology acceleration and change that came with the COVID-19 pandemic. In her new role as CIO, Ms. Lu aims to use technology to deliver and implement change for Northwell Health and its patients.

CFO / FINANCE

Mass General Brigham posts $949M quarterly net loss
Despite seeing an increase in revenue, Boston-based Mass General Brigham reported a loss for the third quarter, which ended June 30.

Kaiser posts $1.3B loss in Q2
Kaiser Permanente reported lower revenues in the second quarter of this year than in the same period a year earlier, and the Oakland, Calif.-based healthcare giant ended the period with a net loss.

Outlook 'deteriorating' for nonprofit hospitals, Fitch says
Citing more severe than expected macro headwinds, Fitch revised its sector outlook for nonprofit hospitals and health systems to "deteriorating" Aug. 16.

St. Jude's largest expansion yet to create 2,700 jobs, double hospital campus
Memphis, Tenn.-based St. Jude Children's Research Hospital announced it will increase funding for its study and treatment of pediatric catastrophic diseases by $1.4 billion, bringing the total for its six-year strategic plan to $12.9 billion.

Providence's operating loss grows to $934M as it shrinks leadership team
Providence, a 51-hospital system, ended the first six months of this year with an operating loss, according to financial documents released Aug. 15.

CEO/STRATEGY

12 hospital deals called off in past year
There were several hospital mergers, acquisitions, affiliations and partnerships that, at some point in their lifetime, were called off in the past year.

Best hospitals, health systems to work for by state
Forbes released its "America's Best Employers by State" list Aug. 24, and 262 hospitals and health systems made the cut.

Biden signs Inflation Reduction Act into law: 7 healthcare takeaways
President Joe Biden signed the Inflation Reduction Act into law Aug. 16. The sweeping $739 billion reconciliation package contains a number of significant healthcare provisions.

Delayed patient care driving 'unsustainable financial challenges' for hospitals, report says
Deferred care due to the COVID-19 pandemic has led to increased patient acuity and driven "unsustainable financial challenges," according to an August 15 report from the American Hospital Association. 

Intermountain names interim CEO
Lydia Jumonville was named interim president and CEO of Salt Lake City-based Intermountain Healthcare.

LIST

52 great health system chief strategy officers | 2022
Becker's Healthcare is thrilled to honor outstanding chief strategy officers for health systems in 2022.

30 great chief innovation officers to know | 2022
Becker's Healthcare is thrilled to recognize 30 chief innovation officers of hospitals and health systems.

INNOVATION

Healthcare is in 'race to innovate,' Cedars-Sinai CIO says
From his days working as a pharmacist with a Chicago-area chain more than three decades ago, Craig Kwiatkowski, PharmD, has witnessed the evolution of health IT. And he's excited for the future of the field.

Mount Sinai spinoff lays off 250 employees; founder exits
Sema4, a genomics spinoff of New York City-based Mount Sinai Health System, has let go of 250 employees as part of an effort to save $50 million in 2022.

UChicago Medicine names new chief experience officer
University of Chicago Medicine named Keisha Mullings-Smith its new vice president and chief experience officer, effective Oct. 17.

22 health systems with investment arms
Health systems across the U.S. are increasingly embracing venture capital as a way to test new technologies, a shift away from the traditional reliance on developing in-house intellectual property.

Mayo and Mercy's collaboration aims to speed up algorithm development, validation
A 10-year agreement between Rochester, Minn.-based Mayo Clinic and Chesterfield, Mo.-based Mercy is looking to speed up the development and validation of cloud-based technology, artificial intelligence and machine learning, according to the American Hospital Association.

CMO/CARE DELIVERY

Hospitals' uncomfortably high tolerance for errors
Learning from mistakes generally is considered the upside to failure. But in healthcare, where staff members regularly face stressors and systemic issues that impede a strong culture of safety, creating that standard can be difficult.

Ascension promotes Dr. Richard Fogel to chief clinical officer
Ascension has named Richard Fogel, MD, executive vice president and chief clinical officer of the 143-hospital system.

The initiative that's bringing nurses back to the bedside at Jefferson Health
Philadelphia-based Jefferson Health launched its "Nursing SEAL Team" program in July, which aims to give nurses more flexibility with where they work. Now, in the month since the initial team launch, the program has expanded into other departments and is attracting former employees back to the system.

Peer comparisons hurt physician well-being, study says
Comparing physicians' performance against each other can detrimentally affect their wellbeing and job satisfaction, according to a July 14 study in PNAS.

Nurses sue staffing agency, allege they were made to choose pay cut or job loss
Three nurses have filed a lawsuit alleging that staffing company Maxim Healthcare Services defrauded them through a "take-it-or-leave-it" strategy that forced them to accept less pay or lose their jobs, Law360 reported Aug. 1.

CIO/HEALTH IT

What CIOs, digital execs expect from Amazon in healthcare
Amazon revealed plans to shutter Amazon Care in an Aug. 24 letter to Amazon Health Services employees. But that doesn't mean the end of healthcare services from the nearly $470 billion technology behemoth.

West Virginia health systems to cut ties over EHR vendor choice
Davis Health System began a clinical affiliation with WVU Medicine in 2019. The health systems are ending the partnership Aug. 8, according to The Inter-Mountain.

Dr. Michael Pfeffer on how healthcare will change in the next five years
Health CIOs need to be on the cutting edge of innovation and be able to project what technology is going to change the healthcare market.

Where great healthcare IT teams are focused next
The next generation of effective CIOs will be focused on strategic leadership, effective communication and team builders.

'Seize the moment': Northwell's new CIO Sophy Lu looks to use tech to reimagine healthcare
New Hyde Park, N.Y.-based Northwell Health's new CIO Sophy Lu looks to seize the moment of healthcare technology acceleration and change that came with the COVID-19 pandemic. In her new role as CIO, Ms. Lu aims to use technology to deliver and implement change for Northwell Health and its patients.

WOMEN'S LEADERSHIP

15 women on the move in healthcare
The following executive moves made by women have been reported by or shared with Becker's since Aug. 19.

Women in healthcare earn 24% less than male peers, global analysis finds
The gender pay gap in healthcare is prevailing, with women earning 24 percent less than men, according to a global analysis published July 13 led by the World Health Organization.

Voice pitch can affect credibility depending on gender, study finds
Low-pitched voices make male leaders sound more trustworthy, but that is not the case for female leaders, according to a study from Lawrence-based University of Kansas.

How 4 female hospital executives lead by example
Gender disparities continue to exist across the U.S. workforce. However, female executives at four Ohio hospitals have been able to break down barriers and lead by example at their organizations, the Tribune Chronicle reported June 5.

10 best, worst states for women's equality
Women in New Mexico receive the most equal treatment in the U.S. while women in Utah are on the other end of that spectrum, according to an analysis by WalletHub, a personal finance website.

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