December 2022 Issue of Becker's Hospital Review
ON THE COVER
10 hospitals, health systems laying off workers
Several hospitals and health systems are trimming their workforces due to financial and operational challenges.
As hospitals make cuts, the losses are loud or quiet
There are few easy ways to cut expenses. But in hospitals and health systems, there are quieter ways.
The cost of nurse turnover in 23 numbers
Nurse recruitment and retention is top of mind for every hospital and health system executive in 2022, particularly those responsible for ensuring health systems' financial stability.
Why big health systems are moving to Epic
Two large health systems — Atlanta-based Emory Healthcare and Houston-based Memorial Hermann — recently switched their EHRs from Oracle Cerner to Epic, continuing a trend of bigger hospital groups moving to the Verona, Wis.-based software giant.
UW Medicine invests in 'historic' raises for nurses
Members of the Washington State Nurses Association have approved a new contract with Seattle-based UW Medicine that includes significant raises, The Seattle Times reported Oct. 20.
University Hospitals cuts 443 administrative jobs
Cleveland-based University Hospitals announced efforts to reduce system expenses by $100 million Oct. 12, including the elimination of 326 vacant jobs and layoffs affecting 117 administrative employees.
7-hospital system files for bankruptcy
Pipeline Health System, which includes seven hospitals in three states, filed for Chapter 11 bankruptcy Oct. 2.
California hospitals restructure leadership after summer resignations
MemorialCare Long Beach (Calif.) Medical Center and MemorialCare Miller Children's & Women's Hospital Long Beach are making strategic changes in executive leadership months after CEO John Bishop and former COO Ike Mmeje unexpectedly announced their resignations.
Mayo Clinic to increase some wages by 6%
Rochester, Minn.-based Mayo Clinic is boosting pay 6 percent for some workers, marking its largest across-the-board wage jump in two decades, the Star Tribune reported Oct. 5.
Allina Health spins off hospital-at-home company with $20M investment
Minneapolis-based Allina Health has launched hospital-at-home company Inbound Health with a $20 million investment.
5 health systems' biggest patient safety win this year
From creating safety culture tools to collaborating with other systems, hospitals and health systems are consistently working to improve patient safety.
28 residency programs launched in 2022
Healthcare systems have started residency programs and partnerships to address workforce shortages.
How health system CIOs are cutting costs, rethinking operational efficiency
When companies consider cost-cutting measures, it often results in layoffs, but health system CIOs are looking inward at their IT vendors, contracts and partnerships to assess different ways to optimize their workforce, which can save their health systems money in the long run.
Arthur Sampson, Interim President and CEO, Lifespan
Hospital and health system CEOs have a lot on their minds, including questions about the healthcare workforce, meeting patients' digital expectations and navigating the financial effects of the COVID-19 pandemic.
Daryl Tol, Head of Health Assurance Ecosystem, General Catalyst
Daryl Tol has gotten an upfront look at healthcare's digital shift from both the hospital C-suite and as a venture capitalist.
Maia Hightower, MD, Chief Digital and Technology Officer, University of Chicago Medicine
University of Chicago Medicine's Maia Hightower, MD, said her health system is already at the leading edge of medicine. She hopes to bring it to the forefront of digital medicine as well.
Tammy Lundstrom, MD, CMO, Trinity Health
Tammy Lundstrom, MD, has always known she wanted to work in healthcare. Since joining Livonia, Mich.-based Trinity Health in April 2018 as senior vice president and chief medical officer, she has been able to continually meet two of her core professional goals: to help others and never stop learning.
Jill Kalman, MD, CMO, Northwell Health
Jill Kalman, MD, was appointed the first female chief medical officer for New Hyde Park, N.Y.-based Northwell Health on Oct. 20, 2021.
CFO / FINANCE
Hospitals cut jobs, services to resuscitate finances
Hospitals and health systems are facing many financial pressures this year, and more than half of hospitals are projected to have negative margins for the rest of 2022.
University Hospitals cuts 443 administrative jobs
Cleveland-based University Hospitals announced efforts to reduce system expenses by $100 million Oct. 12, including the elimination of 326 vacant jobs and layoffs affecting 117 administrative employees.
Ascension to close hospital, lay off 133 workers
Ascension is closing an Indiana hospital and nine medical practices, a move that will affect 133 employees, according to notices the St. Louis-based health system filed with state regulators.
Tenet profit slips in Q3: 6 details
Dallas-based Tenet Healthcare reported a net income of $131 million in the third quarter of 2022, down from $448 million over the same period last year, according to its financial report released Oct. 20.
HCA revenues, net income slip in Q3: 5 details
Nashville, Tenn.-based HCA Healthcare saw revenues of $14.97 billion in the third quarter of 2022, down from $15.28 billion over the same period last year, according to its financial report released Oct. 21.
CEO/STRATEGY
UW Medicine invests in 'historic' raises for nurses
Members of the Washington State Nurses Association have approved a new contract with Seattle-based UW Medicine that includes significant raises, The Seattle Times reported Oct. 20.
Intermountain Healthcare to change its name
Salt Lake City-based Intermountain Healthcare will change its name to Intermountain Health in 2023.
MetroHealth taps Airica Steed for CEO
Cleveland-based MetroHealth named Airica Steed, EdD, RN, its president and CEO, effective Jan. 1.
California hospitals restructure leadership after summer resignations
MemorialCare Long Beach (Calif.) Medical Center and MemorialCare Miller Children's & Women's Hospital Long Beach are making strategic changes in executive leadership months after CEO John Bishop and former COO Ike Mmeje unexpectedly announced their resignations.
Beaumont, Spectrum have new name for combined system
After going by the temporary moniker BHSH System, Beaumont Health and Spectrum Health rolled out a name for their combined system Oct. 11: Corewell Health.
INNOVATION
General Catalyst's Daryl Tol on what the VC firm looks for in hospital partnerships
Daryl Tol has gotten an upfront look at healthcare's digital shift from both the hospital C-suite and as a venture capitalist.
'Black boxes' collect data during surgeries at Stanford Hospital
Stanford (Calif.) Hospital has installed "black boxes" in four operating rooms to collect data that could be used to improve surgical safety and performance.
9 recent health system innovation projects, investments
Health systems have been making big investments in tech and spinoff companies and launching other innovation initiatives in 2022.
Allina Health spins off hospital-at-home company with $20M investment
Minneapolis-based Allina Health has launched hospital-at-home company Inbound Health with a $20 million investment.
IBM begins installing healthcare quantum computer at Cleveland Clinic
Cleveland Clinic and IBM are deploying a healthcare quantum computer at the hospital's main campus.
CMO/CARE DELIVERY
5 health systems' biggest patient safety win this year
From creating safety culture tools to collaborating with other systems, hospitals and health systems are consistently working to improve patient safety.
28 residency programs launched in 2022
Healthcare systems have started residency programs and partnerships to address workforce shortages.
How Dr. Tammy Lundstrom is working to solve Trinity Health's workforce shortages
Tammy Lundstrom, MD, has always known she wanted to work in healthcare. Since joining Livonia, Mich.-based Trinity Health in April 2018 as senior vice president and chief medical officer, she has been able to continually meet two of her core professional goals: to help others and never stop learning.
UT Austin taps Mayo Clinic leader as medical school dean
The University of Texas at Austin has named Claudia Lucchinetti, MD — a current dean and department chair at Rochester, Minn.-based Mayo Clinic — as senior vice president for medical affairs and dean of its Dell Medical School.
CIO/HEALTH IT
Why big health systems are moving to Epic
Two large health systems — Atlanta-based Emory Healthcare and Houston-based Memorial Hermann — recently switched their EHRs from Oracle Cerner to Epic, continuing a trend of bigger hospital groups moving to the Verona, Wis.-based software giant.
Oracle touts plans to modernize its EHR system
Oracle Cerner is adding new product offerings to its EHR system with the aim of working to modernize the electronic health record and build a more open and more connected cloud-enabled platform.
What Optum gets in the Change Healthcare deal
UnitedHealth Group is moving forward with plans to merge healthcare data and analytics giant Change Healthcare with Optum after a judge cleared the path for the multibillion-dollar transaction Sept. 19.
CommonSpirit clinical IT leader exits for Walmart Health
Clinical IT leader Kumar Murukurthy, MD, is leaving Chicago-based CommonSpirit Health for a role at Walmart Health & Wellness.
How health system CIOs are cutting costs, rethinking operational efficiency
When companies consider cost-cutting measures, it often results in layoffs, but health system CIOs are looking inward at their IT vendors, contracts and partnerships to assess different ways to optimize their workforce, which can save their health systems money in the long run.
WOMEN'S LEADERSHIP
Dr. Jill Kalman 1 year into being Northwell Health's 1st female chief medical officer
Jill Kalman, MD, was appointed the first female chief medical officer for New Hyde Park, N.Y.-based Northwell Health on Oct. 20, 2021.
Medscape: 52% of female physicians don't feel fairly compensated
Fifty-two percent of female physicians don't feel fairly compensated compared to their male counterparts, Medscape's "Female Physician Compensation Report 2022" found.
13 women making moves in healthcare leadership
The following leadership moves by women have been reported since Nov. 6.
Female leaders leaving companies at highest rate in years
Female leaders are leaving their companies at the highest rate in years as they seek more from their workplaces, according to a new study on the state of women in corporate America.
Patients more likely to drop 'Dr.' when messaging female physicians, study finds
Patients are more likely to refer to female physicians by their first name in electronic messaging compared to male physicians, a study published Oct. 5 in JAMA Network Open found.