Chuck Green
For hospitals, the question of whether it is cheaper in the long run to repair a device or replace it continues to be hard to answer, according to experts, though many facilities are trying to come up with standards.
Mobile payments solutions are gaining traction in the healthcare industry, according to experts, as the smartphone revolution takes root in American healthcare.
While bottom line impact may be tough to measure when it comes to financial investment, patients just want their own bottoms covered.
Rebounding from a tough couple of years due to lack of availability of generic drugs, many healthcare facilities are weighing their options.
Declines in inpatient volume, reimbursement and changes in the boundary between payers and providers are compelling CFOs across the country to develop new, innovative ways to cut costs.
Hospital chief financial officers have indispensable business intelligence towards managing costs surrounding supply chain purchases.
The timeworn image of the number-crunching hospital CFO, toiling behind the scenes, has transformed over the past several years into that of a key management figure, deeply entrenched in daily operations and strategic planning.
Although CMS paused the RAC audit program in March, hospitals must remain vigilant. The agency has promised a new round of recovery auditor contracts will be awarded before the end of 2014.
As risks in healthcare get more significant and complex, vigilant monitoring must be a highly deliberate process requiring oversight by a cross-functional team within a hospital.
With greater focus on outpatient care and, where possible, cost cutting, many facilities now are doing more than "paying lip service" to workforce management.