In this episode, we are joined by Jim Kendrick, CEO and President of Community Hospital Corporation, to discuss how proactive leaders can make improvements when facing financial challenges, where executives can look for innovative ideas, what innovations are addressing staffing shortages and more. This episode is sponsored by Community Hospital Corporation.
Summary
Proactive Leadership: Making Improvements in the Face of Financial Challenges
In this episode, we are joined by Jim Kendrick, CEO and President of Community Hospital Corporation, to discuss how proactive leaders can make improvements when facing financial challenges, where executives can look for innovative ideas, what innovations are addressing staffing shortages and more.
Maximizing Revenue and Minimizing Expenses
Jim Kendrick explains that when faced with financial challenges, community hospitals should go back to the basics by maximizing revenue and minimizing expenses. He also explains that executives should be careful not to get distracted by the latest trends and should instead focus on proven methods that are tailored specifically for their rural hospital.
Addressing Staffing Shortages
Technology can be a great help to address staffing shortages. But, it is important to make sure that the end result is going to add value and improve performance. In addition, hospital leaders need to find creative ways to attract and retain staff, such as providing housing, childcare models, and working with universities to help finance their education. Finally, technology can also help provide flexible care delivery models that meet patient's needs, such as telemedicine and wearables.
Innovation and Stewardship
Jim discussed how community hospitals need to be innovative in order to thrive, such as developing programs and care delivery models that meet customer needs. He also mentioned the importance of being a good steward of resources and getting noisy with the political environment to make sure their needs are heard.
Sponsored by Community Hospital Corporation
This episode is sponsored by Community Hospital Corporation.
Note: This is an AI generated transcript, not edited by a staff writer and is solely intended for educational purposes. If you have any questions/concerns, reach out to podcasts@beckershealthcare.com
This episode aired on 10/12/2022 and can be listened here.
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