December 2024 Issue of Becker's Hospital Review
ON THE COVER
Lisa Goodlett, Senior vice president, CFO and treasurer. Duke University Health System
Since Lisa Goodlett was named senior vice president, CFO and treasurer of Durham, N.C.-based Duke University Health System in March, one of the health system's main goals has been to increase access to the health system from 8% of North Carolina's population to more than 25%.
Alan Levine. President and CEO. Ballad Health
Alan Levine, chairman, president and CEO of Johnson City, Tenn.-based Ballad Health, has overseen healthcare responses for more than a dozen major hurricanes throughout his career, but he told Becker's that Hurricane Helene was unlike anything he had seen before.
Stephen Jones, MD. President and CEO. Inova Health
With only three months remaining in 2024, hospital and health systems are formulating their strategies for 2025 and beyond. Stephen Jones, MD, president and CEO of Falls Church, Va.-based Inova Health, recently spoke with Becker's about the system's strategies on topics from capital investments to partnerships with community organizations.
Todd Suntrapak, President and CEO. Valley Children's Healthcare
Todd Suntrapak, president and CEO of Valley Children's Healthcare in Madera, Calif., knows the importance of developing new and reliable funding sources to achieve financial stability in the long term. That's why he is passionate about "outside-the-healthcare-financial-box thinking," he told Becker's.
Kim Cripe, President and CEO. Children's Hospital of Orange County
As healthcare leaders navigate industry challenges, some hospital and health system CEOs have found creative ways to connect with their staff, including the use of new technologies.
Scott MacLean. Senior vice president and CIO. MedStar Health
Health system CIOs have increasing responsibilities, from traditional IT functions to business and digital transformation.
UnitedHealth seeks 'less abrasion' with hospitals
UnitedHealth Group is seeing "unusually aggressive and high unit cost asks" from hospitals, CEO Andrew Witty said.
Big systems looking 'outside of the four walls of the hospital'
Leaders of large nonprofit and for-profit health systems have detailed a growing emphasis on outpatient care during recent investor calls and healthcare conferences.
The days of fee-for-service are 'running out'
CMS is applying pressure on health systems to transition from fee-for-service to value-based care by 2030. While value-based care has been discussed for years, many institutions are not yet fully prepared for its impact, as this transformation is set to influence not only Medicare but also other payer systems that benchmark against Medicare’s policies.
Why are more CFOs becoming CEOs?
The CFO-to-CEO trend is growing in popularity, partially because of the current economic environment, Fortune reported Oct. 16.
Duke Health CFOs' plan to reach 1 in 4 North Carolinians
Since Lisa Goodlett was named senior vice president, CFO and treasurer of Durham, N.C.-based Duke University Health System in March, one of the health system's main goals has been to increase access to the health system from 8% of North Carolina's population to more than 25%.
Academic health systems are in 'jeopardy.' Can AI save them?
Academic health systems are being "threatened" by external pressures, but their leaders say that digital technology such as artificial intelligence can help keep them afloat.
The rising cost of physician subsidies in 10 numbers
The median physician subsidy increased in the second quarter while the gap between primary care and surgical specialists widened, according to data from Kaufman Hall's Physician Flash Report.
22 statistics on hospital patient length of stays
The average length of stay at hospitals across the U.S. is dropping slightly, while observation days have big declines year over year, according to Kaufman Hall's National Hospital Flash Report.
CEO tenures at the 20 largest for-profit hospitals
Among the CEOs at the 20 largest for-profit hospitals, most assumed the role less than two years ago.
Top 3 health IT issues, per MedStar Health's CIO
Health system CIOs have increasing responsibilities, from traditional IT functions to business and digital transformation.
Top 9 population health platforms
Most health systems aiming to buy a new population health platform plan to invest in downside risk and value-based care initiatives, according to health IT researcher KLAS Research.
What 75% of Gen Zers say they value in an employer
About 3 in 4 Generation Z workers said they prioritize access to mental health resources when choosing an employer, according to an Oct. 21 newsletter from McKinsey.
4 keys to recruiting women, people of color, per 1 CHRO
Throughout her career, Elizabeth Veliz, the first chief human resources officer of Ithaca, N.Y.-based Cayuga Health System, has seen a range of strategies to recruit more women or people of color and retain them. She has also gained insights on successful leave policies for mothers.
CFO / FINANCE
Florida system votes to go private
Fort Myers, Fla.-based Lee Health's board of directors voted Oct. 7 to convert to a private nonprofit health system, News-Press reported Oct. 14.
The rising cost of physician subsidies in 10 numbers
The median physician subsidy increased in the second quarter while the gap between primary care and surgical specialists widened, according to data from Kaufman Hall's Physician Flash Report.
UnitedHealth seeks 'less abrasion' with hospitals
UnitedHealth Group is seeing "unusually aggressive and high unit cost asks" from hospitals, CEO Andrew Witty said.
22 statistics on hospital patient length of stays
The average length of stay at hospitals across the U.S. is dropping slightly, while observation days have big declines year over year, according to Kaufman Hall's National Hospital Flash Report.
Big systems looking 'outside of the four walls of the hospital'
Leaders of large nonprofit and for-profit health systems have detailed a growing emphasis on outpatient care during recent investor calls and healthcare conferences.
CEO/STRATEGY
How Main Line Health's 20-year CEO has set up its future
Main Line Health has experienced significant growth since Jack Lynch joined the Radnor Township, Pa.-based system in 2005 as president and CEO.
How a Chicago CEO handles data overload
The path from data overload to useful information and from there to true insight can take a number of turns. Moreover, it can be easy to get lost among the seemingly endless branches of information available today.
CEO tenures at the 20 largest for-profit hospitals
Among the CEOs at the 20 largest for-profit hospitals, most assumed the role less than two years ago.
Health system C-suites may shrink further
Health system margins have dropped for the last four months, leading to layoffs, job cuts and reorganizations.
Why are more CFOs becoming CEOs?
The CFO-to-CEO trend is growing in popularity, partially because of the current economic environment, Fortune reported Oct. 16.
THOUGHT LEADERSHIP
Why Inova stopped 'revenue diversification' initiatives
With only three months remaining in 2024, hospital and health systems are formulating their strategies for 2025 and beyond. Stephen Jones, MD, president and CEO of Falls Church, Va.-based Inova Health, recently spoke with Becker's about the system's strategies on topics from capital investments to partnerships with community organizations.
Where MD Anderson, City of Hope leaders see progress
Advancements in immunotherapy and personalized medicine have pushed the oncology field forward, according to leaders from MD Anderson and City of Hope who shared their insights with Becker's.
California system CEO envisions diversified revenue stream
Todd Suntrapak, president and CEO of Valley Children's Healthcare in Madera, Calif., knows the importance of developing new and reliable funding sources to achieve financial stability in the long term. That's why he is passionate about "outside-the-healthcare-financial-box thinking," he told Becker's.
How 3 CEOs build relationships with staff
As healthcare leaders navigate industry challenges, some hospital and health system CEOs have found creative ways to connect with their staff, including the use of new technologies.
INNOVATION
Top 3 health IT issues, per MedStar Health's CIO
Health system CIOs have increasing responsibilities, from traditional IT functions to business and digital transformation.
Why Northwell Health is investing in a workforce platform
Northwell Holdings, the for-profit venture capital arm of New Hyde Park, N.Y.-based Northwell Health, has invested in a workforce startup used by the health system's 21 hospitals.
Top 9 population health platforms
Most health systems aiming to buy a new population health platform plan to invest in downside risk and value-based care initiatives, according to health IT researcher KLAS Research.
A 'multibillion-dollar bottleneck': 3 top AI issues for health systems
Health system chief artificial intelligence officers are focused on safely and effectively implementing the emerging technology into their operations and patient care.
Do consumers support physicians' use of AI?: 4 things know
While consumers are hesitant to utilize generative AI for their own health research, they have a strong trust in their physicians to effectively leverage these tools in delivering care, a Sept. 26 survey from Deloitte found.
CMO/CARE DELIVERY
Advocate redesigns the nurse manager role
Advocate Health recently reimagined the role of nurse managers, said Jane Dus, DNP, RN, senior vice president and chief nursing officer of the system's Midwest region.
Workplace gender parity still 50 years away, report says
While women have made workplace gains over the last 10 years, they still face significant challenges in their roles and careers.
Duke Health CFOs' plan to reach 1 in 4 North Carolinians
Since Lisa Goodlett was named senior vice president, CFO and treasurer of Durham, N.C.-based Duke University Health System in March, one of the health system's main goals has been to increase access to the health system from 8% of North Carolina's population to more than 25%.
CHS' nurse retention rate at 'highest level in a decade,' says CEO
Franklin, Tenn.-based Community Health Systems has hired almost 3,000 registered nurses during the first half of 2024 and its nurse retention rate is "very strong at its highest level in a decade," CEO Tim Hingtgen said July 25 during the company's second-quarter earnings call.
New Jersey weighs penalties for healthcare workers who spread 'misinformation'
New Jersey lawmakers are considering a bill that would designate the spread of "misinformation" or "disinformation" to patients by healthcare workers as professional misconduct subject to disciplinary action.
CIO/HEALTH IT
Why health system CIOs should 'go slow'
Artificial intelligence and technology-driven solutions are revolutionizing healthcare delivery and operations. Digital health startups and industry stalwarts promise increased efficiency, better access to care, happier physicians and a strong bottom line with their products.
Why CFO-CIO relationships may soon strain
Health system CIOs and CFOs are accountable for driving forward the CEO's vision and powering strategic priorities. The most effective duos have learned to speak each others' language and respect their partner's expertise.
How health system CIOs balance remote and hybrid work
The COVID-19 pandemic accelerated the adoption of remote and hybrid work in health systems, especially within IT teams. Healthcare organizations expect this trend to continue due to the flexibility it offers employees.
Why CIOs can't be the 'senator from IT' anymore
Health system CIOs spent years as the technically proficient expert tasked with EHR roll outs, cybersecurity and IT tickets. That's no longer enough.
How to make EHRs more like Amazon, per Penn Medicine's CIO
Cybersecurity, reducing EHR burden, and innovation are the top three priorities for health system CIOs over the next several months, according to Penn Medicine CIO Michael Restuccia.
WOMEN'S LEADERSHIP
Johns Hopkins' Dr. Nadia Hansel on shaping the future of medicine
Baltimore-based Johns Hopkins Medicine recently named Nadia Hansel, MD, physician-in-chief of the Johns Hopkins Hospital. At the same time, she was appointed director of the Department of Medicine at the Johns Hopkins University School of Medicine. In accepting that appointment, she became the first woman director in the department's 131-year history.
4 keys to recruiting women, people of color, per 1 CHRO
Throughout her career, Elizabeth Veliz, the first chief human resources officer of Ithaca, N.Y.-based Cayuga Health System, has seen a range of strategies to recruit more women or people of color and retain them. She has also gained insights on successful leave policies for mothers.
The most powerful women in business: Fortune
Fortune has released its ranking of female business leaders, and seven healthcare leaders made the list.
Women's representation in 7 hospital C-suite roles, per 1 firm
Gender parity in workplaces remains a key issue, with progress made over the past 10 years but more work lies ahead.
3 female CFOs driving outcomes at their organizations
As many hospitals and health systems continue to struggle with financial and operational challenges, three female CFOs are working to enhance healthcare delivery, implement innovative solutions and optimize financial performance at their organizations to ensure long-term sustainability.