Arguments in favor of private equity investment in healthcare make sense. Advocates contend that private equity groups have the necessary business expertise and the capital to eliminate waste and fragmentation, fuel innovation, improve quality, and generate substantial returns for providers and investors in a relatively short time frame.
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The critical role of the supply chain function in delivering high-quality patient care has once again come to light as U.S. hospitals, health systems and other care facilities continue to deal with unpredictable product shortages and quality issues.
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Back orders on supplies used to average about 1,500 a month across Mayo Clinic, Rochester, Minn. Then everything changed in March 2020, which was followed by lockdowns, clogged ports, severe weather, war and a scarcity of raw materials—all leading to myriad supply shortages, ranging from PPE to imaging and laboratory test supplies, at Mayo and health systems across the country.
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January marks new beginnings. A time to recommit to our goals with new hope and energy. As your professional society, we also look to new beginnings as we launch our 2023–2025 Strategic Plan with new vigor.
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The past 10 years have brought to the forefront a need to rethink how healthcare organizations approach the development of an ethical culture and how this impacts the organization’s response to conflicts or uncertainties about values.
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The operational challenges facing today’s hospitals and health systems are many. Yet, despite investing heavily in their EHR systems, many organizations still lack the tools to do more than manually extract and decipher data that simply highlights their issues rather than drives solutions.
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It is well known that care coordination is important in the management of chronic conditions, for which patients often receive care in multiple settings.
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Like with all important work in healthcare, there are many examples of organizations leading the way in the field’s diversity, equity and inclusion efforts: community assistance programs that promote access to care and address social determinants of health; HR policies and leadership development initiatives that foster cultural competency; and employee affinity groups that bring staff members with similar backgrounds and interests together.
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This year, four major forces are poised to shape healthcare policies in ways that could have a consequential impact on provider organizations: the pandemic, implementation of monetary policies to lower inflation, increased opportunism for disruptors in healthcare and the 2024 presidential campaign.
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Colleagues in the workforce increasingly find themselves contemplating stepping away from their careers.
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No matter the size of a healthcare organization, it is imperative to drive value and reduce variability and cost.
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As health systems continue to move forward to address their ever-present workforce issues, it’s important not to lose sight of the safety and quality “never events” that teams have worked so hard to prevent.
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Newark Beth Israel Medical Center and Children’s Hospital of New Jersey (located in Newark, N.J.) is a 665-bed regional teaching hospital, with more than 3,500 employees and a medical staff of more than 1,000 members.
READ MOREThe American College of Healthcare Executives highlights members who were recently promoted, changed positions or retired.
READ MOREThe American College of Healthcare Executives congratulates members who recently received awards recognizing their contribution to healthcare management.
READ MOREAs an ACHE core value, diversity and inclusion is integral to the organization’s mission and daily work in creating a more diverse and inclusive healthcare leadership.
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It seems one can’t meet with family, friends or colleagues; go on social media; or read a newspaper or business magazine without coming across the ubiquitous idiom “quiet quitting.”
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