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Maximizing Cost Savings: The Benefits of Direct Sourcing Contingent Labor for Hospitals
Health systems across the country continue to suffer from chronic staffing deficits which heavily stretch hospital resources. Facilities in rural and urban regions have had to rely on the contingent workforce to fill vacancies throughout their health systems.While contingent workers have been able to fill vital roles, the price of that labor has come at a high cost to facilities, many of which saw their operating costs triple as a result of dependence on such workforce. Many health systems have had no option but to secure travelers, regardless of the rising costs and limited transparency into market rates. While effective in filling vacancies, traditional staffing methods have yet to prove cost-efficient for hospitals. This factor alone has led to hospitals being tasked with finding creative and more cost-effective ways to staff their facilities. -
2 board resignations, budget prompt Missouri hospital meeting
Salem (Mo.) Memorial District Hospital has called a special meeting for Aug. 9 to address the hospital budget and resignations of board members, according to a news release shared with The Salem News on Aug. 7. -
Corner Office: Why Nancy Howell Agee thinks healthcare needs a new path
Nancy Howell Agee, MSN, BSN, has served as CEO of Roanoke, Va.-based Carilion Clinic since 2011, and she brings a wealth of experience to the role. -
'Forever CEOs' are looking less evergreen
CEOs' tenures are shrinking at S&P 500 companies, according to a recent study conducted by Equilar. -
Undercover boss: Why this C-suite leader silently became an EMT
By day, Linda Matzigkeit was chief administrative officer at Children's Healthcare of Atlanta. By night, she was a student again, hitting the books to become an emergency medical technician. -
What healthcare leaders would do with the $1.55B Mega Millions prize
If you won the Mega Millions lottery, what would you do with the money? -
Meet the chief medical officers at US News' 2023-24 honor roll hospitals
U.S. News & World Report named 22 hospitals to its 2023-24 Best Regional Hospitals Honor Roll Aug. 1. -
Do Ivy League degrees matter for CEOs? It's complicated, reports suggest
Ivy leagues have long served as a symbol of prestige, marked by high costs and low admission rates. But this year, top universities have begun to question their own elite classifications, examining the relevance and practicality of chasing a "top-tier" degree. -
Health system C-suites target productivity
Staffing and benefits costs continue to hamstring hospitals and health systems across the U.S. -
What 5 hospital leaders have learned from failure
"When there's failure, it's tempting to take that as a sign that you should just give up," Terry Shaw, president and CEO of Altamonte Springs, Fla.-based AdventHealth, wrote in a July 20 LinkedIn post. "But learning from failure can lead to growth, insights and resolve that can make you better and improve your performance." -
CEO role losing some luster
At one point, rising to the CEO position was considered the pinnacle of success in business. Now, a combination of factors has people setting out for other seats in C-suites. -
More physicians adding MBA to leadership formula
Keith Gray, MD, has practiced surgical oncology at University of Tennessee Medical Center in Knoxville for 15 years, during which time he has held roles including executive vice president and chief medical officer, chief of the division of surgical oncology, chief of staff and medical director of multiple service lines. Most recently, on July 1 he became president of UTMC, and will become president and CEO, effective April 1. -
3 female leaders in healthcare named to Forbes' 50 over 50
Three female hospital leaders were named in Forbes' "50 over 50" list for innovation. -
NIH names Fauci's permanent replacement
The National Institutes of Health has selected Jeanne Marrazzo, MD, as the director of the National Institute of Allergy and Infectious Diseases. This appointment comes approximately eight months after Anthony Fauci, MD, resigned from the position in December 2022. -
Job cuts reach the C-suite
Hospital C-suites face tough decisions as the cost of doing business exceeds revenue and reimbursement, more care transitions outside of the hospital setting, and high labor and supply costs continue. These decisions range from service cuts to streamlining leadership structures. -
Brigham and Women's nurses sign petition of no confidence in VP
Members of the Massachusetts Nurses Association have signed a petition of no confidence in the vice president of perioperative services at Boston-based Brigham and Women's Hospital. -
AdventHealth renames hospitals as partnership with CommonSpirit ends
Altamonte Springs, Fla.-based AdventHealth is renaming several hospitals in Colorado as it assumes direct management of these owned facilities. -
How Health Care Organizations Can Make Their Boards More Effective
Board directors, at health care agencies and throughout other industries, believe boards can operate at a higher level. Here’s what they suggested. -
Steering AI’s Future in Medicine
The invention of the automobile transformed modern history and life as we know it. But imagine, for a moment, a world where these powerful vehicles took to the streets without the guidance of laws, speed limits, or traffic lights. Would you venture onto those chaotic roads? -
Let's hear it for the middle managers
While much attention is typically paid to the top of organizations, namely CEOs, having top-performing middle managers is not just "nice to have." They are a "business imperative" and lead to strong financial outcomes.
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