John Harris details the role of the board in technology and innovation and outlines the three key types of innovations hospitals should be thinking about.
The pandemic provided an initial introduction to virtual care for many, and most patients and providers have responded positively, embracing its convenience. Health systems, hospitals, and other providers now need to take the time to develop a business plan that identifies opportunities to optimize virtual care platforms, drive revenue and adapt practices to effectively meet […]
As hospitals and health systems navigate a tumultuous economic environment following the COVID-19 outbreak, the need for standardized, value-based physician compensation plans has intensified. Even before the coronavirus pandemic, the median operating loss per health system-employed physician continues to be staggering. Many factors contribute to financial losses on employed physicians – costs related to physician […]
When it comes to developing a financial recovery plan for COVID-19, independent hospitals face more of an uphill climb than other hospitals. With 40 percent of hospitals reporting their revenue had been cut in half during the first month of the COVID-19 pandemic alone—and 55 percent reporting they had less than six months of days […]
COVID-19 has shocked the U.S healthcare system – forcing physician and administrative leaders to think critically about how their current service line models can be improved to better serve and treat their patient populations. Many service lines were designed to maximize patient throughput by offering multiple access points without much consideration for efficiency. As a […]
Mark Dubow, Director at Veralon, outlines four actionable steps hospital leadership can take to identify, choose, and resolve sacred cows that may be in the best financial interest for your organization.
Mark Dubow, Director at Veralon, provides three types of sacred cows your organization should consider to achieve a large-scale financial improvement.
Mark Dubow, Director at Veralon, explains what a sacred cow is and why your organization needs to begin closing the financial gap created by them – especially now in this “peri-covid” era.
We’re excited to share a 3-part series on enterprise risk management, where Marian Jennings shares how hospital boards should be evaluating risk and handling uncertainty for their organizations.
Prior to the pandemic, we learned something quite surprising. In a Veralon survey, only 42% of respondents viewed the financial losses on employed physician enterprises as “unacceptable” or a “major priority.” Perhaps “surprising” is too tame a description. We were “shocked.” At the time of our survey, the level of losses typically varied between $150,000-$200,000 […]