June 2023 Issue of Becker's Hospital Review
ON THE COVER
Jane McCurley, DNP, RN, Chief Nurse Executive, Methodist Healthcare System
The American Association of Critical-Care Nurses' Clinical Scene Investigator Academy has provided more than a 600 percent return on investment; the 97 participating hospitals realized a fiscal savings of $84.2 million, Marian Altman, PhD, RN, clinical practice specialist and supervisor of the AACN's CSI Academy, told Becker's
Michael Leone, CFO, Liberty Hospital
A healthy CEO and CFO relationship is crucial to maintaining the stability of a health system's finances and leadership.
Jennifer Van Matre, CFO, Mountain Communities Healthcare District
A healthy CEO and CFO relationship is crucial to maintaining the stability of a health system's finances and leadership.
Michele Morrison, RN, President and Chief Hospital Executive, Southern Ocean Medical Center
When leaders at Hackensack Meridian Health's Southern Ocean Medical Center in Manahawkin, N.J., realized that mounting lists of patients in the emergency department waiting room were also stressing out ED clinicians, the hospital went from a "pull to full" model to "pull to infinity."
Sara Vaezy, Executive Vice President and Chief Digital Officer, Providence
Sara Vaezy, executive vice president and chief digital officer of Renton, Wash.-based Providence, told Becker's that health systems can learn from giants such as Starbucks and Amazon about personalizing patients' experiences with their healthcare organizations, and one way Providence is doing this is by creating identity-driven engagement to tailor its services to individual consumers.
What are the best CEO qualities? 4 hospital CFOs weigh in
A healthy CEO and CFO relationship is crucial to maintaining the stability of a health system's finances and leadership.
'The opportunities are limitless': How OR 'black boxes' are changing the way hospitals operate
Operating room "black boxes" are growing in popularity as a way to improve patient safety and operational efficiency — and it likely will not be long before they spread to other departments.
Healthcare employment rebounds to pre-pandemic levels
Contrary to widespread reports of staffing shortages, healthcare employment reached pre-pandemic levels with the addition of 44,200 jobs in February, according to a recent report from Altarum.
A 7-minute ED wait time: How 1 hospital got there
When leaders at Hackensack Meridian Health's Southern Ocean Medical Center in Manahawkin, N.J., realized that mounting lists of patients in the emergency department waiting room were also stressing out ED clinicians, the hospital went from a "pull to full" model to "pull to infinity."
How nurse 'change agents' saved hospitals $84M
The American Association of Critical-Care Nurses' Clinical Scene Investigator Academy has provided more than a 600 percent return on investment; the 97 participating hospitals realized a fiscal savings of $84.2 million, Marian Altman, PhD, RN, clinical practice specialist and supervisor of the AACN's CSI Academy, told Becker's.
Razor-thin hospital margins become the new normal
Hospital finances are starting to stabilize as razor-thin margins become the new normal, according to Kaufman Hall's latest "National Flash Hospital Report," which is based on data from more than 900 hospitals.
Executive pay at Tenet, HCA and CHS: 5 things to know
Executive pay cuts marked 2022 at three of the nation's largest for-profit health systems.
The cost of nurse turnover in 24 numbers
Nurse recruitment and retention is top of mind for every hospital and health system executive given that the shortage of registered nurses is only expected to intensify.
Shouldn't doctors be a little bit freaked out about ChatGPT?': The AI's answer
ChatGPT may be after some jobs, but it intends to leave patient-facing ones to the pros — at least for now.
Why the CIO title is disappearing
The CIO title is declining as tech leaders take on new functions and people see the moniker as limiting for their careers, Forbes reported.
At Virtua Health, female leadership is a strategic imperative
Women may only hold 25 percent of senior leadership roles in healthcare, but Marlton, N.J.-based Virtua Health is actively bucking that trend.
Who gets to go by 'Dr.'? 3 medical associations answer
Guidelines for education and clinical hours as well as testing on the pathway to licensure are clearly defined for physicians, nurse practitioners and physician associates.
CFO / FINANCE
Razor-thin hospital margins become the new normal
Hospital finances are starting to stabilize as razor-thin margins become the new normal, according to Kaufman Hall's latest "National Flash Hospital Report," which is based on data from more than 900 hospitals.
Healthcare employment rebounds to pre-pandemic levels
Contrary to widespread reports of staffing shortages, healthcare employment reached pre-pandemic levels with the addition of 44,200 jobs in February, according to a recent report from Altarum.
Kaiser breaks ground on $298M expansion
Oakland, Calif.-based Kaiser Permanente on March 24 broke ground on an inpatient tower with 138 beds at Roseville (Calif.) Medical Center, which serves about 360,000 healthcare members in the area. according to The Sacramento Bee.
Executive pay at Tenet, HCA and CHS: 5 things to know
Executive pay cuts marked 2022 at three of the nation's largest for-profit health systems.
Fight unfolds over measure to cap pay of LA hospital executives
A Los Angeles ballot measure backed by SEIU-United Healthcare Workers West would cap pay for hospital executives at the compensation of the U.S. president, or $450,000 per year. The California Hospital Association is challenging the measure, arguing that the president earns more.
CEO/STRATEGY
The problem of stuffy hospital CEOs
Rather than pay, tenure or organization size, one determinant of hospital and health system leaders deserves outsized importance: their humanity.
Texas health system CEO stepping down
Mike Geeslin, president and CEO of Austin, Texas-based Central Health, plans to depart Travis County's healthcare district by year's end.
CVS Health exec returns to UnitedHealth Group
Amar Desai, MD, has left his role as president of health care delivery at CVS Health after less than six months to return to UnitedHealth Group, where he will advise the CEO, Bloomberg reports. Dr. Desai joined CVS Health in October 2022 in the leadership role to head up the newly formed healthcare delivery organization and lead its clinical delivery strategy to support retail health, chronic disease management and behavioral health. He reported directly to CVS Health President and CEO Karen Lynch.
Ascension St. Vincent CEO to exit
Jonathan Nalli, who serves as CEO and ministry market executive of Indianapolis-based Ascension St. Vincent and senior vice president with St. Louis-based Ascension, will be leaving his role.
Man pleads guilty for death threats to hospital CEO
A former employee of Adena Health System in Chillicothe, Ohio, pleaded guilty to telecommunications harassment in a case centered on comments made online calling for the murder of the system's CEO and wife.
THOUGHT LEADERSHIP
How nurse 'change agents' saved hospitals $84M
The American Association of Critical-Care Nurses' Clinical Scene Investigator Academy has provided more than a 600 percent return on investment; the 97 participating hospitals realized a fiscal savings of $84.2 million, Marian Altman, PhD, RN, clinical practice specialist and supervisor of the AACN's CSI Academy, told Becker's.
What are the best CEO qualities? 4 hospital CFOs weigh in
A healthy CEO and CFO relationship is crucial to maintaining the stability of a health system's finances and leadership.
The case for advanced nursing degrees: As told by nurses themselves
More nurses are needed at the bedside than ever before, yet the profession continues to suffer from shortages and turnover rates as high as 37 percent in some regions. And although pursuing advanced nursing degrees may sometimes lead practice away from bedside roles and into others, Master of Science in nursing degrees are still worthy of pursuit, experts say.
A 7-minute ED wait time: How 1 hospital got there
When leaders at Hackensack Meridian Health's Southern Ocean Medical Center in Manahawkin, N.J., realized that mounting lists of patients in the emergency department waiting room were also stressing out ED clinicians, the hospital went from a "pull to full" model to "pull to infinity."
INNOVATION
'The opportunities are limitless': How OR 'black boxes' are changing the way hospitals operate
Operating room "black boxes" are growing in popularity as a way to improve patient safety and operational efficiency — and it likely will not be long before they spread to other departments.
58 hospitals, health systems among Fortune's 'Most Innovative Companies'
On March 29, Fortune released its 2023 list of America's Most Innovative Companies 2023, and it includes a number of hospitals and health systems.
Mark Cuban hasn't 'f—ed up' the pharma industry yet
Mark Cuban launched his online drug business, Mark Cuban Cost Plus Drug Co., in January 2022 with the plan to "f— up" the industry. He hasn't done that yet, he told Becker's in early April.
CMO CARE DELIVERY
The cost of nurse turnover in 24 numbers
Nurse recruitment and retention is top of mind for every hospital and health system executive given that the shortage of registered nurses is only expected to intensify.
Ballad Health CEO defends uneven nurse pay
Ballad Health's CEO said he believes nurses at the system's tertiary hospital deserve the higher pay they receive, the Elizabethton Starr reported April 18.
CommonSpirit Health rolls out new virtual nursing technology
Chicago-based CommonSpirit Health has launched the first virtual nursing program in its system, at Saint Joseph Hospital in Lexington, Ky.
Who gets to go by 'Dr.'? 3 medical associations answer
Guidelines for education and clinical hours as well as testing on the pathway to licensure are clearly defined for physicians, nurse practitioners and physician associates.
CIO/HEALTH IT
'Shouldn't doctors be a little bit freaked out about ChatGPT?': The AI's answer
ChatGPT may be after some jobs, but it intends to leave patient-facing ones to the pros — at least for now.
Why the CIO title is disappearing
The CIO title is declining as tech leaders take on new functions and people see the moniker as limiting for their careers, Forbes reported.
Northwell picks Epic in EHR switch
New Hyde Park, N.Y.-based Northwell Health is moving from Allscripts to Epic Systems.
The effect of Oracle Cerner layoffs
EHR vendor Oracle Cerner has conducted its second lay off as part of Oracle's new "restructuring plan" that aims to save the company $927 million by the end of fiscal 2023.
A return to 'realism': What types of CIOs companies are hiring
Companies are increasingly looking for CIOs with a focus on the basics as IT budgets have tightened, The Wall Street Journal reported April 24.
WOMEN'S LEADERSHIP
What health systems can learn from Starbucks on patient engagement: Q&A with Providence's Sara Vaezy
Sara Vaezy, executive vice president and chief digital officer of Renton, Wash.-based Providence, told Becker's that health systems can learn from giants such as Starbucks and Amazon about personalizing patients' experiences with their healthcare organizations, and one way Providence is doing this is by creating identity-driven engagement to tailor its services to individual consumers.
The gender pay gap persists — but in some states, it's narrowing
Vermont is the top state for closing the gender pay gap over five years, and Wyoming is where the wage gap widened the most during that period, according to an analysis by moneyzine.com.
At Virtua Health, female leadership is a strategic imperative
Women may only hold 25 percent of senior leadership roles in healthcare, but Marlton, N.J.-based Virtua Health is actively bucking that trend.
Washington State Hospital Association to offer online women’s leadership program
Less than 20 percent of C-suite leadership roles in healthcare are held by women, though women make 80 percent of healthcare decisions in the U.S., according to the Seattle-based Washington State Hospital Association.
The rise of parental leave
In the evolving American workforce, flexibility is king, and parental leave is expanding across the country — to workplaces' dismay, The Wall Street Journal reported April 8.