Strategic Planning
Because more than 80 percent of consumers go to Google to find a doctor, and much of that information is inaccurate, America's Health Insurance Plans has initiated a first-of-its-kind provider directory, AHIP announced on Tuesday.
As hospitals and health systems face constant revenue stream pressures, financial managers are leveraging cost containment strategies that lean on population health, supply chain management and salary adjustments as a way trim costs.
Northwell CEO Michael Dowling led his team through an exhaustive rebranding process that pushed the system's marketing muscle and leaned on the past experiences of other major system rebrandings.
Not only does a hospital collect more revenue from patients by allowing them to fill their prescriptions on-site, but evidence suggests that this approach cuts down on readmissions, further helping health systems save money.
Though the cost savings tied to outsourcing revenue cycle operations for large-scale health systems can be attractive, healthcare finance leaders say there are more than a few details to consider before handing over these processes to a vendor.
McKesson, a healthcare services and information technology company, has released an online tool that provides information needed to identify purchase trends and evaluate the impact of price fluctuations.
Twenty major companies, including American Express, Verizon, Coca-Cola and HCA have joined the newly-launched Health Transformation Alliance to combine data on the population health of their employees, and potentially flex their muscle with insurance companies and big pharma, according to Tevi Troy, president of the American Health Policy Institute.
Financial challenges once again ranked as the top concern for hospital chief executive officers in 2015, according to a new study by the American College of Healthcare Executives. Patient safety and quality, and governmental mandates came in as the 2nd and 3rd highest concerns.
Northwell Health, which until January was known as the North Shore-Long Island Jewish Health System, will air its first-ever Super Bowl ads during Sunday's game -- a 30-second spot in the second quarter, and two 30-second ads that will run during pre-game coverage.
Six hospitals in the North Carolina-based Vidant Health system will join Winston-Salem's Wake Forest Baptist Medical Center's Telestroke Network by the end of the year, Wake Forest Baptist announced in a statement Wednesday.