Strategic Planning
Back in the early 2000s, Mid-State Health Center was in dire need. The new CEO knew something had to be done immediately, but the facility didn't have access to appropriate funding. So, the CEO got creative.
Many healthcare organizations are realizing that in less than nine months, ICD-10 will be upon them. Healthcare Finance News talked to some industry experts to find out where organizations are in the run up to Oct. 1.
The trend of CEOs being hired with business development and financial management expertise but no healthcare experience has spurred much discussion in the healthcare community. Healthcare Finance News talked to some "insiders" to get the pulse of the conversation.
Business intelligence software can turn your life around - or ruin it. It all depends on how carefully you choose and how well you fold these tools into your overall strategic plan.
Maryland officials have reached what analysts say is an unprecedented deal to limit medical spending and abandon decades of expensively paying hospitals for each extra procedure they perform. If the plan works, Maryland hospitals will be financially rewarded for keeping people out of the hospital.
Across the U.S., hospital costs are rising while revenue and patient volume are falling. Rural not-for-profit hospitals, in particular, face a challenging financial future, one in which some facilities might close or at least "go hungry."
Ten years ago, executives at MaineGeneral Health, a rural healthcare system consisting of several acute care hospitals, physician practices, outpatient facilities and homecare services in central Maine, knew they had a decision to make regarding two of their facilities: they could upgrade their buildings or start from scratch.
Beginning in October, more than 4 million businesses will receive 2012 economic census forms representing all U.S. communities and industries. All forms will be delivered by the end of the year and must be returned to the U.S. Census Bureau by Feb. 12, 2013.
For-profit healthcare chain, Steward Health Care System, is continuing to expand its reach, this time northward into Maine. On Monday, Mercy Health System of Maine, a nonprofit, Catholic system associated with the Sisters of Mercy and Catholic Health East, announced that it had signed a non-binding letter of intent with Steward, the first step in a possible acquisition.
Soliant Health, a specialty healthcare staffing provider and part of Adecco Group, announced its list of America's 20 Most Beautiful Hospitals last week. Leaders from the top five hospitals spoke to Healthcare Finance News about their reactions.