“In the beginner’s mind there are many possibilities, but in the expert’s, there are few.” This famous observation by Shunryu Suzuki, which posits the importance of intellectual...
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The pandemic and its complex social and economic effects have dislocated the modern workforce. The problem is especially profound in healthcare, where nearly 1 in 5 workers quit their jobs during the pandemic and one-third of nurses plan to leave their current roles by the end of 2022.
Rising expenses, decreased volume and lower revenue create ‘perfect storm’ for lower profit margins.
On a recent Governing Health Podcast, Ken Kaufman and Michael W. Peregrine shared their insights about key concerns on topics that have less to do with traditional operational matters, and more to do with social and economic issues of concern to the workforce and the mission.
A nationwide shortage of healthcare workers made worse by the pandemic, and hospital and health systems’ increased reliance on contract labor, is driving expenses upward and contributing to steep declines in profit margins, according to a Special Workforce Edition of Kaufman Hall’s National Hospital Flash Report.
As the operating, financing, and investing activities of every health system face significant headwinds, it will be important to continuously reassess what type of external capital you should access and how you should access it.
CHICAGO – April 28, 2022, Virtua Health (“Virtua”) transitioned ownership of its two skilled nursing facilities to Tryko Partners (“Tryko”). Virtua Health, South Jersey’s largest health...
Healthcare is undergoing a major realignment as stakeholders compete for consumers’ attention. The different strategies intersect at the physician’s office, and physicians today face an unprecedented array of practice options.
The first quarter of 2022 will undoubtedly be one of the most financially challenging periods for not-for-profit hospitals.
CHICAGO – May 2, 2022 – After a rocky start to 2022, many U.S. hospitals, health systems, and physician groups saw early evidence that performance may be stabilizing as outpatient...
Physician practices nationwide had a busy start to 2022, as physician productivity, compensation, and revenues all rose with higher patient volumes from Q4 2021 to Q1 2022.
U.S. hospitals and health systems fared better in March following a difficult start to the year due to January’s devastating Omicron surge. While repercussions of the surge persist, hospitals saw early signs of relief as outpatient volumes and revenues returned and expenses eased with fewer high acuity patients.