Empowering Hospital Workforces Amid Mergers and Consolidations
By implementing workforce management technology to support the people who take care of the patients, health systems can ensure that merger and acquisition activity is a success.
Decreased Volume Variability & Declining Labor Expenses Are Helping Hospitals’ Finances Bounce Back
Hospitals’ operating margins are still in a worse place than they were before the pandemic, but 2023 is ending as a much more stable year for hospital finance than 2022, according to a new report from Kaufman Hall. Because this year hasn't had any large Covid-19 surges, hospitals have seen less variability in patient volumes. This has helped them allocate their resources more efficiently and decrease their reliance on expensive contract labor.
Using Informed Awareness to Transform Care Coordination and Improve the Clinical and Patient Experience
This eBook, in collaboration with Care Logistics, details how hospitals and health systems can facilitate more effective decision-making by operationalizing elevated awareness.
Debunking Healthcare’s Recession-Proof Reputation
During past recessions, the healthcare sector remained relatively immune to economic downswings — but things are different now that a sweeping labor shortage and lower patient volumes have been added to the mix.
HCA, Tenet Saw Increased EBITDA in Q1 While Nonprofit Hospitals Continued to Struggle
The nation’s two largest for-profit hospital chains — HCA and Tenet — increased their EBITDA as salary and benefit obligations became less burdensome in Q1. Unsurprisingly, the story for nonprofit hospitals is a bit different. For this class of health systems, the stress associated with labor costs is subsiding, but operating margins are having a difficult time bouncing back, according to a new Moody's report.
How Northwell Chose a Tech Platform to Better Manage Its Contingent Labor Costs
Northwell Health recently adopted a new system to help it better manage its contingent labor expenses — the New York-based health system is implementing Prolucent Health’s workforce platform across its 21 hospitals.