September 2024 Issue of Becker's Hospital Review
ON THE COVER
Michael Dandorph, CEO. Tufts Medicine
In a post-pandemic world, Boston-based Tufts Medicine CEO Michael Dandorph acknowledged that change is a hard, but important, part of growth.
David Herman, MD, CEO. Essentia Health
Hospital and health system CEOs must think strategically to prepare their organization for success over the long term.
Peggy Duggan, MD, Executive Vice President and Chief Medical Officer. Tampa (Fla.) General Hospital
National rankings offer patients valuable insights into a health system's care quality, outcomes and performance, helping them make informed choices. But to what extent do these ratings influence health systems' strategies and conversations surrounding quality?
Robert Hart, MD, Chief Physician Executive. Ochsner Health
Healthcare is rapidly changing, presenting challenges to new physicians and the organizations that train them.
Christine Schuster, RN, President and CEO. Emerson Health
From becoming the youngest healthcare CEO in Massachusetts at just 37 years old to becoming the longest-serving healthcare leader in the state, it's hard to believe that Christine Schuster, president and CEO of Concord, Mass.-based Emerson Health, initially had no plans to become a healthcare CEO.
CMS sets 2.9% inpatient pay bump for hospitals in 2025: 6 things to know
CMS on Aug. 1 released its Inpatient Prospective Payment System final rule, which will increase
inpatient hospital payments by 2.9% in fiscal year 2025.
'Challenge the status quo': What CEOs want to pass down
Leadership, confidence and accountability have been among the most prominent topics of advice from retiring and long-tenured CEOs.
How important are national rankings to physician executives?
National rankings offer patients valuable insights into a health system's care quality, outcomes and performance, helping them make informed choices. But to what extent do these ratings influence health systems' strategies and conversations surrounding quality?
Fewer nurses want to leave profession, 3 reasons some still do
The number of nurses planning to leave their workplace dropped year-over-year, according to a study published July 18 in JAMA Network Open.
Experts weigh nurses practicing before NCLEX results
Amid a nationwide push to educate, train and hire more nurses at the bedside, and faster, Rhode Island passed a law that allows new nurses to practice before their NCLEX results are known. But patient safety is a concern.
Hospitals aren't over the pandemic
More than four years have passed since COVID-19 first emerged in the United States, triggering a federal public health emergency that persisted until May 11, 2023. Yet, many hospitals are still grappling with the lingering effects of the pandemic.
What Gen Z wants to discuss 'early and often'
Generation Z workers are making it known they want to build a career path early.
The most urgent needs in medical education
Healthcare is rapidly changing, presenting challenges to new physicians and the organizations that train them.
NPs and burnout: 7 survey findings
Burnout and depression among nurse practitioners have not declined, according to a recent report.
Essentia Health CEO's leadership superpower
Hospital or health system leaders have many traits in common, and some have abilities that set them apart. For example, David Herman, MD, CEO of Duluth, Minn.-based Essentia Health, swears by the power nap.
The questions health system CIOs have after the global IT outage
Jeffrey Ferranti, MD, chief digital officer of Duke University Health System, was awakened in the early morning hours of July 19 with a text that the computers at his hospitals were down. His first thought: ransomware attack.
The case against AI chiefs for health systems
Health systems across the U.S. are incorporating artificial intelligence into clinical and administrative operations.
Judy Faulkner's philosophy on interoperability
Epic founder and CEO Judy Faulkner said her company helped pave the way for interoperability in healthcare by getting health systems to buy into data exchange.
CFO / FINANCE
CMS sets 2.9% inpatient pay bump for hospitals in 2025: 6 things to know
CMS on Aug. 1 released its Inpatient Prospective Payment System final rule, which will increase
inpatient hospital payments by 2.9% in fiscal year 2025.
IU Health takes 73% hit to operating income despite increased volumes, revenue: CFO
Indianapolis-based Indiana University Health posted $53.1 million in operating income (1.2% margin) for the six months ending June 30, a 73% slide from the $195.7 million (4.6% margin) reported in the same period last year. However, operating income from core operations was comparable year over year.
Hospitals aren't over the pandemic
More than four years have passed since COVID-19 first emerged in the United States, triggering a federal public health emergency that persisted until May 11, 2023. Yet, many hospitals are still grappling with the lingering effects of the pandemic.
Where health systems are going wrong with Medicare Advantage
As the Medicare Advantage landscape evolves, the success of health systems hinges on their ability to adapt and excel in key areas such as star ratings and appropriate coding.
Big data creates 'entirely new revenue streams' for health systems
Hospitals are tinkering with artificial intelligence solutions to alleviate cost pressures, but the safe integration of AI can be a challenging endeavor, not a quick fix to decrease spending.
CEO/STRATEGY
'Challenge the status quo': What CEOs want to pass down
Leadership, confidence and accountability have been among the most prominent topics of advice from retiring and long-tenured CEOs.
Tufts Medicine CEO leads with active listening
In a post-pandemic world, Boston-based Tufts Medicine CEO Michael Dandorph acknowledged that change is a hard, but important, part of growth.
Children's Minnesota CEO pours gun crisis concerns into new book
Marc Gorelick, MD, CEO of Minneapolis-based Children's Minnesota, was concerned about gun violence long before the surgeon general declared it a public health crisis in June.
What Gen Z wants to discuss 'early and often'
Generation Z workers are making it known they want to build a career path early.
Essentia Health CEO's leadership superpower
Hospital or health system leaders have many traits in common, and some have abilities that set them apart. For example, David Herman, MD, CEO of Duluth, Minn.-based Essentia Health, swears by the power nap.
THOUGHT LEADERSHIP
How important are national rankings to physician executives?
National rankings offer patients valuable insights into a health system's care quality, outcomes and performance, helping them make informed choices. But to what extent do these ratings influence health systems' strategies and conversations surrounding quality?
What hospital CEOs are reading to prepare for the future
Hospital and health system CEOs must think strategically to prepare their organization for success over the long term.
The most urgent needs in medical education
Healthcare is rapidly changing, presenting challenges to new physicians and the organizations that train them.
How IU Health's $4.3B 'green campus' plans to save $50M annually
As Indianapolis-based Indiana University Health continues construction on its $4.3 billion hospital and expanded medical campus in Indianapolis, the health system is taking steps to make it a "green campus."
INNOVATION
Rural Indiana health system signs generative AI deal
Richmond, Ind.-based Reid Health is the latest health system to ink a generative AI deal with Abridge.
Why Mayo Clinic is partnering with an AI company
Rochester, Minn.-based Mayo Clinic is partnering with artificial intelligence company SandboxAQ to explore the potential of AI-driven magnetocardiography technology.
Which parts of healthcare are off limits to AI?
The AI physician will not see you now — or ever, for that matter.
Cleveland Clinic deepens quantum exploration
Cleveland Clinic is launching a new initiative utilizing quantum technologies and artificial intelligence for clinical applications.
Why Kaiser Permanente has 35 clinics at Target
Kaiser Permanente's partnership with Target shows that health systems don't have to sacrifice quality of care for convenience, a Permanente Federation executive wrote in Medical Economics.
CMO/CARE DELIVERY
NPs and burnout: 7 survey findings
Burnout and depression among nurse practitioners have not declined, according to a recent report.
Experts weigh nurses practicing before NCLEX results
Amid a nationwide push to educate, train and hire more nurses at the bedside, and faster, Rhode Island passed a law that allows new nurses to practice before their NCLEX results are known. But patient safety is a concern.
Nurse self-scheduling makes a comeback
Self-scheduling has emerged as an increasingly popular option for hospitals and health systems to provide nurses with greater flexibility. However, the concept is not entirely new.
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.
Fewer nurses want to leave profession, 3 reasons some still do
The number of nurses planning to leave their workplace dropped year-over-year, according to a study published July 18 in JAMA Network Open.
CIO/HEALTH IT
The questions health system CIOs have after the global IT outage
Jeffrey Ferranti, MD, chief digital officer of Duke University Health System, was awakened in the early morning hours of July 19 with a text that the computers at his hospitals were down. His first thought: ransomware attack.
Can ChatGPT help with EHR interoperability?
Can generative AI help improve healthcare data interoperability?
The case against AI chiefs for health systems
Health systems across the U.S. are incorporating artificial intelligence into clinical and administrative operations.
WOMEN'S LEADERSHIP
Beth Israel Lahey Health CFO on the need to re-engineer healthcare
From supply chain disruptions and market volatility to inflationary pressures and skyrocketing labor costs, Cambridge, Mass.-based Beth Israel Lahey Health CFO Cindy Rios feels there's an industrywide need to re-engineer healthcare.
How 1 nurse became Massachusetts' longest-serving healthcare CEO
From becoming the youngest healthcare CEO in Massachusetts at just 37 years old to becoming the longest-serving healthcare leader in the state, it's hard to believe that Christine Schuster, president and CEO of Concord, Mass.-based Emerson Health, initially had no plans to become a healthcare CEO.
How these CEOs lead a positive workplace for women
Forty-six hospitals and health systems were named in Forbes' seventh annual America's Best Employers for Women list. Here is what it took to get there, according to two system CEOs.
Judy Faulkner's philosophy on interoperability
Epic founder and CEO Judy Faulkner said her company helped pave the way for interoperability in healthcare by getting health systems to buy into data exchange.