It may be difficult to believe, but 2012 means hospitals are only in the second year of healthcare reform. Many call this time one of uncertainty, which is true, but it also presents great opportunity for innovation, change and growth.
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To say hospital and health system operating margins are different today than they were a decade ago may be an understatement.
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As some states challenge the Affordable Care Act in court, others are pushing implementation of regulations under the federal reform law.
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We are pleased to share with you the January/ February issue of Becker’s Hospital Review, our annual leadership issue, which contains our annual list of “40 of the Most Powerful People in Healthcare” in addition to interviews with key hospital industry leaders including Mass General’s Dr. Peter Slavin, LifePoint Hospitals’ Bill Carpenter and HMA’s Gary Newsome.
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The coming year promises to be both exciting and challenging for hospital and health system leaders.
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As executives rise through the ranks, relationships grow in number and importance.
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This year Massachusetts General Hospital in Boston celebrated its 200th anniversary.
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As the healthcare environment changes, hospital leadership must realign their organizations, especially as the healthcare sector prepares for reform and other changes coming in the next few years.
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The state of the hospital organization has changed drastically in the past few decades.
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Healthcare presents a number of urgent challenges that executives can no longer afford to put off.
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As hospitals and health systems grapple with the changes brought on by healthcare reform and other efforts toward healthcare delivery transformation, they may understandably become overwhelmed — a similar feeling our patients may experience when facing a chronic illness or new diagnosis.
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Hospital and health system leaders today face myriad challenges unique to the current healthcare environment that are often more demanding than the challenges faced by leaders of the past.
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One consequence of the Patient Protection and Affordable Care Act is that it has shown a spotlight on what's missing in the current business model of healthcare: accountability — for coordination of care, for outcome measures that are more demanding and meaningful, for evidence-based, cost-effective decision making at all levels.
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The Centers for Medicare and Medicaid Innovation has launched its Innovation Challenge — a new initiative that will provide as much as $30 million to each of 100 applicants who present new ideas for healthcare delivery and payment models, according to the CMS website.
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Loma Linda (Calif.) University Medical Center knows a thing or two about handling finances. In fiscal year 2010, it brought in more than $1.2 billion in total patient revenues and still maintained a net income of $33.9 million — all in a state that some say is experiencing a "healthcare affordability crisis."
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As healthcare organizations continue to merge or acquire, some hospitals are taking a more flexible route and are becoming "strategic partners" to tackle challenges unleashed by healthcare reform.
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Last month, Renton, Wash.-based Providence Health & Services and Seattle-based Swedish Health Services announced plans to form one of the most unique healthcare partnerships of the year.
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Industry regulations require healthcare organizations to pay fair market value (FMV) compensation to physicians for their services.
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From 2010 to 2011, health system base salaries increased on average by 3.1 percent, and hospital base salaries increased on average by 2.7 percent, according to a Sullivan, Cotter and Associates news release.
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Delivering integrated care in the operating room will become increasingly important as hospitals work to improve quality and reduce costs.
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Here are 20 financial benchmarks for anesthesiology practices, based on data from MGMA's Cost Survey for Anesthesia and Pain Management Practices: 2011 Report Based on 2010 Data. Note: All numbers are averages.
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Advocate Christ Medical Center in Oak Lawn, Ill., announced its affiliation with MD Anderson Physicians Network.
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Daniel Aronzon, MD, president and CEO of Vassar Brothers Medical Center in Poughkeepsie, N.Y., retired.
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