June 2024 Issue of Becker's Hospital Review
ON THE COVER
Todd LaPorte. CEO of HonorHealth
Hospital and health system CEOs have a lot on their minds as they guide their organizations through today's financial, workforce and operational challenges. One resource they are able to tap into: Lessons learned from challenges they have navigated earlier in their careers.
Larry Antonucci, MD. President and CEO of Lee Health
Hospital and health system CEOs have a lot on their minds as they guide their organizations through today's financial, workforce and operational challenges. One resource they are able to tap into: Lessons learned from challenges they have navigated earlier in their careers.
Mark Keroack, MD. President and CEO of Baystate Health
Hospital and health system CEOs have a lot on their minds as they guide their organizations through today's financial, workforce and operational challenges. One resource they are able to tap into: Lessons learned from challenges they have navigated earlier in their careers.
Jeff Gautney. Senior vice president and CIO of Rush System of Health
Chicago-based Rush System of Health recently completed the implementation of a new customer 360 architecture to bring together information and data from across the health system about patients, community members, students and more.
Michelle Riley-Brown. President and CEO of Children's National Hospital
Michelle Riley-Brown is less than a year into her role as president and CEO of Children's National Hospital in Washington, D.C., and she brings a passion for well-being and addressing today's healthcare challenges to the role.
Hospital CEOs' hardest day — and what it taught them
Hospital and health system CEOs have a lot on their minds as they guide their organizations through today's financial, workforce and operational challenges. One resource they are able to tap into: Lessons learned from challenges they have navigated earlier in their careers.
Private equity healthcare bankruptcies are on the rise: 8 things to know
Healthcare bankruptcies spiked in 2023 amid high debt levels and rising interest rates, with private equity firms owning 17 out of the 80 (21%) companies that filed for bankruptcy last year, according to a report published April 17 by the Private Equity Stakeholder Project.
'It's not just an Epic workflow anymore': Rush's CIO challenges team to think big
Chicago-based Rush System of Health recently completed the implementation of a new customer 360 architecture to bring together information and data from across the health system about patients, community members, students and more.
What hospital-at-home leaders can learn from hospitalists
To truly scale "hospital at home," its leaders should take a page from hospitalists, a similarly disruptive care model that grew exponentially, two physician leaders wrote in Health Affairs.
How AdventHealth is advancing responsible AI
Altamonte Springs, Fla.-based AdventHealth is participating in two initiatives that focus on implementing and developing artificial intelligence responsibly and safely.
Take the vacation, says Children's National CEO
Michelle Riley-Brown is less than a year into her role as president and CEO of Children's National Hospital in Washington, D.C., and she brings a passion for well-being and addressing today's healthcare challenges to the role.
Large health systems may need to rethink growth: Moody's
Scrutiny on nonprofit health system mergers and acquisitions is intensifying and Moody's warned it could become a tougher exit strategy for distressed hospitals, and affect growth of large systems, according to an April 18 2024 Healthcare Quarterly report.
Why healthcare AI treatments cost more
Mammograms read by artificial intelligence don't have a billing code so radiologists may pass the extra $40 to $100 in out-of-pocket costs on to patients, The New York Times reported.
How Cleveland Clinic uses Epic to prevent workplace violence
In a move to bolster patient safety and caregiver well-being, Cleveland Clinic has integrated a feature within its Epic EHR system aimed at preparing staff for encounters with patients presenting known risks.
CFO / FINANCE
This hospital CEO is done playing nice with Medicare Advantage
Bristol Health CEO Kurt Barwis says Medicare Advantage is killing the healthcare industry — but when 64% of his system's Medicare beneficiaries have MA, he has no choice but to keep contracting with plans.
Healthcare costs top retirees' financial worries
The cost of healthcare is the No. 1 financial concern in retirement, according to research published March 28 by eHealth, an online private health insurance marketplace, and Retirable, a financial technology company.
Private equity healthcare bankruptcies are on the rise: 8 things to know
Healthcare bankruptcies spiked in 2023 amid high debt levels and rising interest rates, with private equity firms owning 17 out of the 80 (21%) companies that filed for bankruptcy last year, according to a report published April 17 by the Private Equity Stakeholder Project.
Medical City hospital taps assistant CFO
Medical City Fort Worth (Texas) has named Benjamin Baggi assistant CFO.
The cost of unnecessary hospital days in 8 numbers
Hospitals across the U.S. are having capacity issues, leading to unnecessary stays and higher costs overall.
CEO/STRATEGY
The 'employer of choice' trickle-down effect
In today's competitive talent market, there is a lot of buzz around becoming the "employer of choice." Different systems take different approaches to the goal, but Marlton, N.J.-based Virtua Health tries to keep its strategy simple.
Why CFOs struggle to reach the CEO seat
The majority of CFOs have their sights set on a different role — but getting there can be a challenge, Fortune reported April 15.
From good to great: How to strengthen the CEO-CFO relationship
Even when the going gets tough, Dixon, Ill.-based Katherine Shaw Bethea Hospital CEO David Schreiner, PhD, and CFO Austin B. Frazier Jr. have successfully collaborated to evolve and develop strategies, with a little bit of laughter, to strengthen their working relationship.
HCA taps CEO for Tennessee hospital
Chattanooga, Tenn.-based Parkridge Health System, part of Nashville, Tenn.-based HCA Healthcare, has tapped Caroline Burris as CEO for its Parkridge East Hospital in Chattanooga.
ASHP Foundation names CEO
On June 4, Kelly McCormick-Sullivan will assume leadership of the American Society of Health-System Pharmacists' philanthropic organization.
THOUGHT LEADERSHIP
Hospital CEOs' hardest day — and what it taught them
Hospital and health system CEOs have a lot on their minds as they guide their organizations through today's financial, workforce and operational challenges. One resource they are able to tap into: Lessons learned from challenges they have navigated earlier in their careers.
INNOVATION
What hospital-at-home leaders can learn from hospitalists
To truly scale "hospital at home," its leaders should take a page from hospitalists, a similarly disruptive care model that grew exponentially, two physician leaders wrote in Health Affairs.
Why healthcare AI treatments cost more
Mammograms read by artificial intelligence don't have a billing code so radiologists may pass the extra $40 to $100 in out-of-pocket costs on to patients, The New York Times reported.
How AdventHealth is advancing responsible AI
Altamonte Springs, Fla.-based AdventHealth is participating in two initiatives that focus on implementing and developing artificial intelligence responsibly and safely.
CMO/CARE DELIVERY
The cost of nurse turnover in 24 numbers | 2024
Nurse shortages and mounting labor costs are among health system CEOs' top concerns, and a new survey puts numbers to the financial risks hospitals face from nurse vacancies and churn.
Hospitals' safety culture gap
Healthcare workers' perceptions of safety at their organizations is improving, though a gap still remains between senior leaders and front-line workers, according to an April 2 Press Ganey report.
No new staff, all new results: Why virtual nursing is thriving at ChristianaCare
In two years, Newark, Del.-based ChristianaCare has expanded virtual nursing to 41% of its beds without adding a single new staff member.
A 4-letter red flag for healthcare leaders
As chief clinical officer of UNC Health and president of UNC Physicians in Chapel Hill, N.C., Matt Ewend, MD, keeps his ears peeled for one seemingly innocuous word, as it almost always represents an opportunity to break down barriers and help team members improve their collaboration and communication.
12 hospital executives' thank-you notes to nurses
In honor of National Nurses Month and National Nurses Week (May 6-12), hospitals and health systems are recognizing the difference nurses make in their organizations.
CIO/HEALTH IT
'It's not just an Epic workflow anymore': Rush's CIO challenges team to think big
Chicago-based Rush System of Health recently completed the implementation of a new customer 360 architecture to bring together information and data from across the health system about patients, community members, students and more.
How Cleveland Clinic uses Epic to prevent workplace violence
In a move to bolster patient safety and caregiver well-being, Cleveland Clinic has integrated a feature within its Epic EHR system aimed at preparing staff for encounters with patients presenting known risks.
WOMEN'S LEADERSHIP
Take the vacation, says Children's National CEO
Michelle Riley-Brown is less than a year into her role as president and CEO of Children's National Hospital in Washington, D.C., and she brings a passion for well-being and addressing today's healthcare challenges to the role.
Women's remote work conundrum
Women continue to dominate the applicant pool for remote jobs — but there aren't nearly enough positions to satisfy the demand, according to a new report from LinkedIn.