January 2023 Issue of Becker's Hospital Review
ON THE COVER
Daniel Morash, CFO, Brigham and Women's Hospital
Daniel Morash has been named Boston-based Brigham and Women's Hospital's new CFO and senior vice president of finance.
Cynthia Hundorfean, Chief Living Health Development Officer, Allegheny Health Network
Cynthia Hundorfean has served as president and CEO of Pittsburgh-based Allegheny Health Network since February 2016. But she is taking on a new enterprise role once the new year arrives: chief living health development officer
Sven Gierlinger, Chief Experience Officer, Northwell Health
Hospitals have a reputation for bland or unhealthy food, but New Hyde Park, N.Y.-based Northwell Health is flipping the script by hiring chefs from Michelin-star restaurants.
Ellen Pollack, CIO, UCLA Health
To measure an IT project's success, hospital and health system CIOs often opt for traditional metrics such as project costs, implementation timelines and the functionality delivered. But many are shifting their focus to the value it will deliver to their organizations and the outcomes and benefits to the end user.
Alexa Kimball, MD, President and CEO, Harvard Medical Faculty Physicians
The following executive moves made by women have been reported by Becker's since Nov. 4
CMS releases final payment rules for 2023: 15 takeaway
CMS has published its annual payment updates for physicians, the Medicare shared savings program and outpatient and home health services for 2023.
For hospitals, 'difficult decisions' loom after months of negative margins
The third quarter brought little relief to hospitals in what is shaping up to be one of their worst financial years.
Health systems zero in on exec teams
At least half a dozen health systems announced changes to their executive ranks in the past month.
Ascension creates foundation to address health inequities
Ascension, a 143-hospital nonprofit system based in St. Louis, has created a national philanthropic organization that will develop, support and promote health equity initiatives.
Providence closes 27 retail clinics
Renton, Wash.-based Providence closed all 27 of its ExpressCare retail clinics in Southern California on Nov. 17, three days after it reported a $1.1 billion operating loss for the first nine months of 2022.
Duke Health CEO to depart in 2023
A. Eugene Washington, MD, president and CEO of Duke University Health System and chancellor for health affairs at Duke University, will step down from the roles in 2023.
HCA reorganizing operations
HCA Healthcare, a for-profit hospital operator based in Nashville, Tenn., is undergoing a reorganization that includes forming a third operating group.
JPMorgan creates healthcare venture capital team
JPMorgan has launched a healthcare venture capital team targeting the life sciences.
Why more physicians are unionizing
While labor actions during the pandemic have more often involved nurses and other healthcare professionals, physicians are increasingly involved in union activities, including votes to unionize.
Is Epic's dominance good for healthcare?
Epic is the biggest name in health IT and, by all accounts, only getting bigger.
Cleveland Clinic to bill up to $50 for MyChart messages
Cleveland Clinic will begin to bill for Epic MyChart messages requiring a provider's clinical time and expertise beginning
Daniel Barchi named CIO of CommonSpirit Health
Daniel Barchi has been named senior executive vice president and CIO of Chicago-based CommonSpirit Health. He had been CIO of New York City-based NewYork-Presbyterian Hospital since 2015.
CFO / FINANCE
Providence's operating loss grows to $1.1B for 2022
Providence, a 51-hospital system headquartered in Renton, Wash., ended the first nine months of 2022 with an operating loss of $1.1 billion, according to financial documents released
CHS reports $42M net loss in Q3
Franklin, Tenn.-based Community Health Systems reported a net loss of $42 million for the third quarter amid continued high labor costs, fewer inpatient admissions, unfavorable payer issues and a generally challenging environment.
Intermountain's income hits $2.2B
Salt Lake City-based Intermountain Healthcare reported higher year-over-year net income for the nine months ending Sept. 30 after completing the acquisition of Broomfield, Colo.-based SCL Health on March 31
CMS releases final payment rules for 2023: 15 takeaways
CMS has published its annual payment updates for physicians, the Medicare shared savings program and outpatient and home health services for 2023.
CMS penalizes 2,273 hospitals for high readmissions: 6 things to know
CMS evaluated two and a half years of readmission cases for Medicare patients through the Hospital Readmissions Reduction Program and penalized 2,273 hospitals that had a greater-than-expected rate of return, according to a Nov. 1 report from Kaiser Health News.
CEO/STRATEGY
Health systems zero in on exec team
At least half a dozen health systems announced changes to their executive ranks in the past month.
VCU Health CEO resigns
Arthur Kellermann, MD, has resigned as health sciences senior vice president and CEO of Richmond, Va.-based VCU Health System.
Duke Health CEO to depart in 2023
A. Eugene Washington, MD, president and CEO of Duke University Health System and chancellor for health affairs at Duke University, will step down from the roles in 2023.
Ascension creates foundation to address health inequities
Ascension, a 143-hospital nonprofit system based in St. Louis, has created a national philanthropic organization that will develop, support and promote health equity initiatives.
Hospital CEO exits slow
Eighty-five hospital CEOs exited their roles in the first 10 months of this year, down 10.5 percent from the 95 chiefs who stepped down from their positions in the same period of 2021, according to a Nov. 17 report from Challenger, Gray & Christmas, an executive outplacement and coaching firm
INNOVATION
Michelin-star food for the same price as frozen meals: Q&A with Northwell's Sven Gierlinger and chef Bruno Tison
Hospitals have a reputation for bland or unhealthy food, but New Hyde Park, N.Y.-based Northwell Health is flipping the script by hiring chefs from Michelin-star restaurants.
General Catalyst partners with MetroHealth, Banner Health, 7 others on digital innovation
General Catalyst is partnering with nine more hospitals and health systems as the venture capital firm aims to drive healthcare's digital transformation.
Mayo Clinic ranked No. 1 institution for commercializing new technologies
Rochester, Minn.-based Mayo Clinic was named the top research institution for spinning off new technologies, according to economic think tank Heartland Forward, in a list that included several other health systems and hospitals.
JPMorgan creates healthcare venture capital team
JPMorgan has launched a healthcare venture capital team targeting the life sciences.
10 most active private equity firms in healthcare
Private equity firms that invest in healthcare had a busy first quarter of 2022, continuing a series of megadeals that started last year.
CMO/CARE DELIVERY
Does prestige belong in medicine
An air of prestige has accompanied a career in medicine for centuries. Today, those in medicine are still largely respected, but different factors — including the democratization of information, an increasingly polarized society and new care models — are changing the public's view of physicians and the patient-provider relationship.
Respect staff or seek care elsewhere: Mass General Brigham enacts patient code of conduct
Somerville, Mass.-based Mass General Brigham has instituted a patient code of conduct to protect staff from harrassment and discriminatory behavior, according to a Nov. 4 report from FOX affiliate WFXT.
Where are the 14 Leapfrog 'F' hospitals?
The Leapfrog Group gave 14 hospitals failing grades in its fall 2022 Hospital Safety Grades released
Public health failures spurred RSV surge, nurses say
The notion that rising cases of respiratory syncytial virus are due to children's lack of exposure amid masking and stay-at-home orders is "flawed conjecture that is not based on science," National Nurses United said Nov. 14.
Another pandemic surge: Demand for CMOs
From healthcare companies to government employers, the demand for chief medical officer roles has grown tremendously since the start of the COVID-19 pandemic in 2020, according to a Nov. 13 report from Yahoo News.
CIO/HEALTH IT
Where health IT salaries rank compared to other industries
Healthcare ranks 14th for IT pay, with an average North American salary of $113,758, out of 23 industries analyzed in a recent report on tech employment from educational company Skillsoft.
Oracle wants to create 'global' healthcare database, co-founder says
Larry Ellison, the co-founder and chief technology officer of Oracle, said he wants the company to create a global healthcare database, Diginomica reported.
6 health systems choosing Oracle Cerner EHRs
Oracle Cerner continues to be a major player in the EHR market. Here are six hospitals and health systems opting for Oracle Cerner that Becker's has reported on since Sept. 9:
Is Epic's dominance good for healthcare?
Epic is the biggest name in health IT and, by all accounts, only getting bigger.
Memorial Sloan Kettering CIO leaves for Hearst
Atefeh "Atti" Riazi, the former senior vice president and CIO of New York City-based Memorial Sloan Kettering Cancer Center, has been named CIO of Hearst.
WOMEN'S LEADERSHIP
14 women on the move in healthcare
The following executive moves made by women have been reported by Becker's since Nov. 4
Pay gap widens between male, female physicians: study
Male physicians receive significantly higher payments from medical companies compared with female physicians, according to a study published Sept. 28 Jama Surgery.
Harvard's Dr. Alexa Kimball talks mentorship, balancing roles and toppling barriers women face
Alexa Kimball, MD, is a renowned leader at Harvard Medical School — and her excellence has been recognized in more than one department.
10 best, worst states for women's equality
Women in New Mexico receive the most equal treatment in the U.S. while women in Utah are on the other end of that spectrum, according to an analysis by WalletHub, a personal finance website.
The pitfalls of the 'glass cliff' for women of color in leadership
When women of color are selected for high-level leadership positions, hidden expectations are often placed upon them — and they tend to be unrealistic, according to a Nov. 6 article published in Fortune.