August 2024 Issue of Becker's Hospital Review
ON THE COVER
Scott Davis, CEO. HCA Houston Healthcare Northwest
Scott Davis recently left his role as CEO of HCA Houston Healthcare Northwest to helm HCA's Swedish Medical Center in Englewood, Colo.
Todd LaPorte, CEO. HonorHealth
Becker's regular series of conversations with CEOs of the nation's health systems asks leaders questions about their respective roles and the industry.
Crista Durand, President. Newport Hospital
Many healthcare executives have faced impostor syndrome during their careers and have learned how to overcome it.
Bill Pack, CFO. Conway Regional Health System
Hospitals and health systems across the U.S. are increasing cybersecurity budgets, and C-suite executives anticipate spending even more this year.
Matthew Love, President and CEO. Nicklaus Children's Health System
While the commotion of a hospital and health system CEO role can make it difficult to keep one's finger on the pulse of an organization, many leaders are taking a step back to authentically connect with their employees, so they feel not only seen, but heard.
These CEOs are leading by listening
While the commotion of a hospital and health system CEO role can make it difficult to keep one's finger on the pulse of an organization, many leaders are taking a step back to authentically connect with their employees, so they feel not only seen, but heard.
Hospital margins dip to 3.8% average, gap between high and low performers widens
Average hospital margins year to date remained steadfast in May at 3.8%, according to Kaufman Hall's "National Hospital Flash Report," released July 9.
4 CEOs share their uncommon — or unpopular — opinions
Becker's regular series of conversations with CEOs of the nation's health systems asks leaders questions about their respective roles and the industry.
Practice before taking the NCLEX? Nurses in Rhode Island can
Nurse graduates in Rhode Island can now begin to practice before taking and while awaiting NCLEX results, but they must become licensed within 90 days, according to a new state law.
Executives' playbook to beat impostor syndrome
Many healthcare executives have faced impostor syndrome during their careers and have learned how to overcome it.
6 big issues facing CIOs in the next 6 months
The first half of 2024 has already been a busy one for health system CIOs, with cyberattacks disrupting large swaths of the healthcare industry and an increased focus on artificial intelligence.
The biggest issue for CFOs in 2024
From operating margins still causing challenges for many health systems to consistent worries about healthcare workforce shortages, the current economy has trumped cost reduction concerns for CFOs in 2024, according to a new Deloitte annual survey.
Mayo Clinic: 'Platform thinking' can change healthcare
Hundreds of leaders from Rochester, Minn.-based Mayo Clinic and other healthcare institutions gathered recently to discuss how "platform thinking" can transform the industry.
Why nearly 40 hospitals use AI 'black boxes' for surgeries
Dozens of hospitals have placed artificial intelligence-powered "black boxes" in operating rooms to improve surgical safety and outcomes, MIT Technology Review reported.
COVID gets tougher to distinguish
Gone are the days of hallmark COVID-19 symptoms. While loss of taste and smell, and persistent cough were once tell-tale signs of the respiratory infection, symptoms today vary widely, with tests being the only sure-fire way to confirm a diagnosis, physicians told NBC News in a June 27 report.
WellSpan's virtual nursing wins, 1 year in
Not even a year into its virtual nursing and telesitting journey, WellSpan Health has already achieved significant improvements.
Why CIO pay is increasing
Artificial intelligence is helping drive CIO pay packages to new highs, The Wall Street Journal reported July 8.
CFO / FINANCE
The biggest issue for CFOs in 2024
From operating margins still causing challenges for many health systems to consistent worries about healthcare workforce shortages, the current economy has trumped cost reduction concerns for CFOs in 2024, according to a new Deloitte annual survey.
Hospital margins dip to 3.8% average, gap between high and low performers widens
Average hospital margins year to date remained steadfast in May at 3.8%, according to Kaufman Hall's "National Hospital Flash Report," released July 9.
Hospital cybersecurity spend rockets as C-suites balance growth
Hospitals and health systems across the U.S. are increasing cybersecurity budgets, and C-suite executives anticipate spending even more this year.
Chevron ruling may spark lower hospital reimbursement: Moody's
Hospitals may see more lawsuits related to reimbursement regulations after the U.S. Supreme Court struck down the Chevron doctrine on June 28, overturning the precedent of deferring to federal agency interpretations during disputes, according to Moody's Investor Services.
CEO/STRATEGY
From nurse to CEO: 2 executives reflect on their paths to the top
Throughout their careers, Laureen Driscoll, MSN, RN, and Kathy Tussey, DNP, RN, remained open to change and said yes more often than no, even to opportunities about which they were skeptical or knew would be a challenge.
Citadel CEO gives $10M to Northwestern Medicine
In his latest healthcare philanthropic effort, Citadel CEO Ken Griffin has donated $10 million to Chicago-based Northwestern Medicine.
These CEOs are leading by listening
While the commotion of a hospital and health system CEO role can make it difficult to keep one's finger on the pulse of an organization, many leaders are taking a step back to authentically connect with their employees, so they feel not only seen, but heard.
'A huge economic issue,' per Scripps' CEO
A surge in hospital boarding is straining the finances of San Diego-based Scripps Health, forcing the health system to make tough decisions about its care services, Newsweek reported June 18.
THOUGHT LEADERSHIP
HCA's Scott Davis on the keys to reducing employee turnover
Scott Davis recently left his role as CEO of HCA Houston Healthcare Northwest to helm HCA's Swedish Medical Center in Englewood, Colo.
4 CEOs share their uncommon — or unpopular — opinions
Becker's regular series of conversations with CEOs of the nation's health systems asks leaders questions about their respective roles and the industry.
INNOVATION
How University of Utah Health physicians fell in love with AI
Better eye contact with patients. Less time looking at the computer during appointments. More thorough EHR notes.
Mayo Clinic: 'Platform thinking' can change healthcare
Hundreds of leaders from Rochester, Minn.-based Mayo Clinic and other healthcare institutions gathered recently to discuss how "platform thinking" can transform the industry.
Why NYU Langone Health combined informatics, IT
New York City-based NYU Langone Health has integrated informatics within its IT department to harness the potential of new technologies such as generative AI.
Why nearly 40 hospitals use AI 'black boxes' for surgeries
Dozens of hospitals have placed artificial intelligence-powered "black boxes" in operating rooms to improve surgical safety and outcomes, MIT Technology Review reported.
CMO/CARE DELIVERY
COVID gets tougher to distinguish
Gone are the days of hallmark COVID-19 symptoms. While loss of taste and smell, and persistent cough were once tell-tale signs of the respiratory infection, symptoms today vary widely, with tests being the only sure-fire way to confirm a diagnosis, physicians told NBC News in a June 27 report.
Practice before taking the NCLEX? Nurses in Rhode Island can
Nurse graduates in Rhode Island can now begin to practice before taking and while awaiting NCLEX results, but they must become licensed within 90 days, according to a new state law.
Surgeon general: Gun violence is a public health crisis
The U.S. surgeon general has issued a 32-page advisory declaring gun violence an urgent public health crisis that necessitates a multi-pronged effort to reduce and prevent gun-related deaths and injuries.
Hospitals save $1,700 per admission when sticking to these standards
Hospitals, on average, save $1,763 per admission, have fewer patient complications, and a decreased length of stay after implementing programs based on 12 standards outlined by the American College of Surgeons.
WellSpan's virtual nursing wins, 1 year in
Not even a year into its virtual nursing and telesitting journey, WellSpan Health has already achieved significant improvements.
CIO/HEALTH IT
6 big issues facing CIOs in the next 6 months
The first half of 2024 has already been a busy one for health system CIOs, with cyberattacks disrupting large swaths of the healthcare industry and an increased focus on artificial intelligence.
Where CIOs are spending on AI
The vast majority of IT executives are at least planning to adopt artificial intelligence, with 4 in 10 implementing an "AI-first" strategy where the technology is considered for every new use case, a June 13 report found.
Why CIO pay is increasing
Artificial intelligence is helping drive CIO pay packages to new highs, The Wall Street Journal reported July 8.
AI moves CIOs closer to the CEO
Artificial intelligence is forging closer relationships between CIOs and CEOs and giving IT executives more business leadership responsibilities, The Wall Street Journal reported.
The top priorities of CIOs, per Deloitte
Keeping ahead of emerging technologies is the top priority of CIOs, according to a June 4 Deloitte report.
WOMEN'S LEADERSHIP
Executives' playbook to beat impostor syndrome
Many healthcare executives have faced impostor syndrome during their careers and have learned how to overcome it.
University Hospitals children's, women's facilities president to retire
Patti DePompei, RN, president of UH Rainbow Babies & Children's and UH MacDonald Women's hospitals and the Rainbow Babies and Children's Foundation chair in leadership and innovation, has shared plans to retire Jan. 1.