Hospitals are seeking to offset their expenses any way they can, and some are taking a “two-sided green” approach — meaning pursuing renewable energy initiatives that will save money in the long run. These hospitals are on track to save millions, and some already have.
Health systems have made dozens of M&A deals this year, as many are seeking out partnerships to grow and protect their long-term financial sustainability. Here is a rundown of five newsworthy deals announced in 2023.
Break down the silos. Take control of your provider data.
Last month at a conference, AdventHealth CEO Terry Shaw shared some employee retention strategies used at his health system. He stressed the importance of gathering employee feedback and using it to give them the changes they need. This month, MedCity News followed up with AdventHealth to get a better picture of what these strategies look like in practice.
At a conference last week, AdventHealth CEO Terry Shaw discussed how his organization fosters a culture in which its workers feel heard and supported. Some of his advice included making necessary changes based on employee feedback and providing ample opportunities for career advancement.
M&A activity among health systems picked up last year — key trends included cross-market mega-mergers and academic medical centers expanding their community hospital networks. Despite tough economic conditions, Kaufman Hall experts expect this activity to continue growing in 2023.
The collaboration will build on AdventHealth's existing genomics and personalized health program, leveraging data to predict disease progression and response to treatments. Sema4's Centrellis data platform will be a core part of the new program.
Explore top PTSD treatment centers in Arizona, offering personalized care, holistic therapies and expert support to help individuals heal and reclaim their lives.
Vaccine hesitancy is still a challenge to providers' immunization plans. Florida-based AdventHealth is bringing the might of AI technology — specifically machine learning and natural language processing — to combat the issue.
The health system and biotech company are collaborating to create a Covid-19 patient registry biobank, which will combine de-identified patient data and AI technology to identify characteristics and trends that have an impact on disease outcomes.
I’m not proud to say that in the past, I’ve played a role in cutting behavioral health programs in an effort to navigate budget constraints and mitigate financial losses. But my perspective as a finance executive is not what it used to be.