November 2024 Issue of Becker's Hospital Review
ON THE COVER
Sue Perrotty, CEO, Tower Health
Hospital consolidation is gathering momentum across the country and is poised to grow on a much larger scale than before the pandemic, mirroring trends seen in other industries such as banking.
Kyle Fisher, CFO, Community Health Network
Medicare Advantage has grown rapidly in recent years, and now provides coverage to 55% of the nation's seniors, almost 34 million people.
Gail Kosyla, CFO, Yale New Haven Health
Medicare Advantage has grown rapidly in recent years, and now provides coverage to 55% of the nation's seniors, almost 34 million people.
Bryan Sisk, DNP, RN, Chief Nursing Executive, Memorial Hermann Health System
Pitfalls of nurse practitioner education made national headlines in July after a Bloomberg Businessweek article criticized programs for allegedly accepting students and graduating them without proper training or experience.
Michael Restuccia, Senior Vice President and CIO, Penn Medicine
Emerging technologies like artificial intelligence are altering the IT staffing equation for health systems, CIOs told Becker's.
The nurse-physician duo steering care at Northwell
Jill Kalman, MD, then medical director of Lenox Hill Hospital in New York City, recalls being in the middle of a "pretty horrible day" before running into Maureen White, RN, chief nurse executive at New Hyde Park, N.Y.-based Northwell Health, during one of Ms. White's visits to the hospital.
'Too big to fail?': A cautionary tale for health systems
Hospital consolidation is gathering momentum across the country and is poised to grow on a much larger scale than before the pandemic, mirroring trends seen in other industries such as banking.
The 'long-term vision' of AI at Mass General Brigham
Somerville, Mass.-based Mass General Brigham has been among the earliest, and most aggressive, adopters of artificial intelligence in healthcare.
How the CIO role is evolving
Eighty-seven percent of health system CIOs see themselves as strategy influencers, a Sept. 4 survey from healthcare data platform Arcadia found.
Why supply chain expertise is a crucial CEO asset
Traditionally, S&P 500 CEOs have risen from finance, strategy or technology backgrounds, but a growing number are emerging from high-level supply chain management roles, Harvard Business Review reported Sept. 12.
How an Indiana system imparts values in hiring
Mario Ellis began his role as chief human resource officer of South Bend, Ind.-based Beacon Health System in February 2023, and he brings three decades of experience in human resources operations and functional management to the role.
5 CFOs, 5 takes on Medicare Advantage
Medicare Advantage has grown rapidly in recent years, and now provides coverage to 55% of the nation's seniors, almost 34 million people.
Why a health system is partnering with OpenAI
UT Health Houston is partnering with OpenAI, the organization behind ChatGPT, to accelerate innovation and enhance healthcare efficiency.
When healthcare executives struggle to take time off
If there is a spectrum of PTO use, Jandel Allen-Davis, MD, suspects she is at one extreme.
Mercy's 'cup of tea' approach to curbing unprofessionalism
Amid bullying, rudeness and violence in healthcare, one of the nation's largest systems is emphasizing professionalism.
States ranked by projected RN supply by 2028
By 2028, the national shortage of registered nurses is projected to primarily affect the Northeast, according to Mercer, a financial services company.
Female CEO appointments nearly double in 10 years
Appointments of female CEOs have nearly doubled in the past 10 years, according to a recent Crist Kolder Associates report.
Healthcare IT spend balloons
Healthcare providers and payers increased their IT spend in the last year and many see additional budget bumps in the future, according to a report compiled by KLAS and Bain & Co.
CFO / FINANCE
'Too big to fail?': A cautionary tale for health systems
Hospital consolidation is gathering momentum across the country and is poised to grow on a much larger scale than before the pandemic, mirroring trends seen in other industries such as banking.
Tenet CEO not interested in 'risky,' 'turnaround' assets
Dallas-based Tenet Healthcare is not interested in taking on "risky" or "turnaround" hospitals and is focusing on "acquiring high-quality assets that have good margins," CEO and Chair Saum Sutaria, MD, said during the Wells Fargo Healthcare Conference.
Mercy Health's operating income up more than $145M in fiscal 2024
St. Louis-based Mercy Health posted an operating income of $157.4 million (1.7% operating margin) in fiscal year 2024, up from an operating income of $11.8 million (0.1% operating margin) in 2023, according to its Sept. 19 financial report.
Ascension posts $1.8B annual loss; liquidity 'remains strong,' CFO says
St.-Louis-based Ascension reported a $79 million operating loss (-0.3% margin) for the 10 months ending April 30, a substantial improvement on the $1.2 billion operating loss in the previous 10-month period.
Hospitals face 'unrealistic pressure' from insurers as administrative cost soar
Hospitals' administrative costs are rapidly increasing as insurers increase prior authorization requirements and denials, according to Rick Pollack, president and CEO of the American Hospital Association.
CEO/STRATEGY
Mercy's 'cup of tea' approach to curbing unprofessionalism
Amid bullying, rudeness and violence in healthcare, one of the nation's largest systems is emphasizing professionalism.
CEO pay dips in 2023
CEO compensation declined significantly in 2023 when compared to the stock market's relative steadiness, according to a recent report.
AI, shifting customer needs top 12-month CEO agendas
The latest EY CEO Outlook Pulse survey of 1,200 global executives, featuring a new Global CEO Confidence Index, identifies key disruptive issues that will drive CEO actions in the next 12 months.
When healthcare executives struggle to take time off
If there is a spectrum of PTO use, Jandel Allen-Davis, MD, suspects she is at one extreme.
Why supply chain expertise is a crucial CEO asset
Traditionally, S&P 500 CEOs have risen from finance, strategy or technology backgrounds, but a growing number are emerging from high-level supply chain management roles, Harvard Business Review reported Sept. 12.
THOUGHT LEADERSHIP
How some hospitals are not only surviving, but thriving financially
Kaufman Hall's most recent July 2024 "National Hospital Flash" report shed a light on financial stability that is continuing to spread across hospitals in the U.S.
5 CFOs, 5 takes on Medicare Advantage
Medicare Advantage has grown rapidly in recent years, and now provides coverage to 55% of the nation's seniors, almost 34 million people.
How an Indiana system imparts values in hiring
Mario Ellis began his role as chief human resource officer of South Bend, Ind.-based Beacon Health System in February 2023, and he brings three decades of experience in human resources operations and functional management to the role.
INNOVATION
The 'long-term vision' of AI at Mass General Brigham
Somerville, Mass.-based Mass General Brigham has been among the earliest, and most aggressive, adopters of artificial intelligence in healthcare.
Urgency to adopt AI intensifies for health IT leaders
A Sept. 4 survey from healthcare data platform Arcadia revealed that 96% of healthcare technology leaders view the effective use of AI as crucial for gaining a competitive edge.
Why a health system is partnering with OpenAI
UT Health Houston is partnering with OpenAI, the organization behind ChatGPT, to accelerate innovation and enhance healthcare efficiency.
Can only well-resourced health systems afford AI?
As artificial intelligence becomes increasingly integrated into healthcare, a critical question arises: can only well-resourced health systems afford this technology?
Nebraska Medicine inks multimillion-dollar AI deal
Omaha-based Nebraska Medicine has signed a new five-year, multimillion-dollar deal with data analytics company Palantir to predict hospital bed necessity, manage the supply chain and make staffing recommendations.
CMO/CARE DELIVERY
When rounding sparked improvements, per 4 chief nursing officers
Rounding the floor with front-line nurses and staff is more than just a management practice for leaders to show face — it is a vital tool for connecting with employees and driving meaningful change.
Meet Epic's 'chief nursing evangelist'
Emily Barey, RN, has served as Epic System's "chief nurse evangelist" for 23 years.
States ranked by projected RN supply by 2028
By 2028, the national shortage of registered nurses is projected to primarily affect the Northeast, according to Mercer, a financial services company.
The nurse-physician duo steering care at Northwell
Jill Kalman, MD, then medical director of Lenox Hill Hospital in New York City, recalls being in the middle of a "pretty horrible day" before running into Maureen White, RN, chief nurse executive at New Hyde Park, N.Y.-based Northwell Health, during one of Ms. White's visits to the hospital.
Nurse workplace violence reporting increased 1,080% with new tool
Making it easier to report workplace violence with quick-scan codes on walls and badges increased reporting by 1,080% in two months, according to a new study.
CIO/HEALTH IT
How health systems find AI, cybersecurity talent
Emerging technologies like artificial intelligence are altering the IT staffing equation for health systems, CIOs told Becker's.
CMS opens MIPS reweighting requests after Change Healthcare cyberattack: 4 notes
CMS has opened Merit-based Incentive Payment System reweighting requests to account for revenue cycle issues stemming from the Change Healthcare ransomware attack earlier this year.
How the CIO role is evolving
Eighty-seven percent of health system CIOs see themselves as strategy influencers, a Sept. 4 survey from healthcare data platform Arcadia found.
Healthcare IT spend balloons
Healthcare providers and payers increased their IT spend in the last year and many see additional budget bumps in the future, according to a report compiled by KLAS and Bain & Co.
CIO pay continues to climb
CIO pay continues to rise as IT chiefs move higher within their organizations and have to understand emerging technologies such as artificial intelligence, CIO reported.
WOMEN'S LEADERSHIP
Female CEO appointments nearly double in 10 years
Appointments of female CEOs have nearly doubled in the past 10 years, according to a recent Crist Kolder Associates report.
Kaleida COO takes on interim president role at subsidiary
Cheryl Klass, BSN, RN, executive vice president and COO at Buffalo, N.Y.-based Kaleida Health, has been appointed to a new interim leadership role.
Ochsner Health names hospital's 1st woman CEO
Beth Walker, who has served as CEO of Ochsner Baptist in New Orleans since 2019, has been appointed CEO of Ochsner Health's flagship facility.
Johns Hopkins Hospital names physician-in-chief
Baltimore-based Johns Hopkins Medicine has named Nadia Hansel, MD, physician-in-chief of The Johns Hopkins Hospital. She has also been appointed director of the Department of Medicine, making her the first woman to hold that position in the department's 131-year history.