HealthLeaders Media Finance - October 19, 2009 | From HealthLeaders Media '09: Leadership During Disruptive Times View as a Webpage | Subscribe for Free
From HealthLeaders Media '09: Leadership During Disruptive Times
Elyas Bakhtiari, Managing Editor

After a day-and-a-half of in-depth panels and discussions about improving outcomes, design, patient experience, culture, and talent in tomorrow's hospitals, the HealthLeaders Media '09: The Hospital of the Future Now concluded in Chicago on Friday with a leadership luncheon that focused on healthcare finances and the uncertain future of reform. [Read More]

  October 19, 2009

 
Editor's Picks
What do finance leaders think?
The 2010 edition of the HealthLeaders Media Industry Survey for Finance Leaders is now open online at www.healthleadersmedia.com/financesurvey2010. Included this year are new questions that seek your thoughts on the economy, the HIT stimulus package, and healthcare reform efforts, among others. Plus, we build on key benchmark questions from last year, checking on your top priorities and your assessment of key fiscal trends. This comprehensive survey should take about 14 minutes to complete. Be sure to provide contact information and we'll enter your name in a drawing for a $1,000 gift card. [Take the Survey Now]
Healthcare in the Experience Economy
Healthcare, like the rest of the United States, is transitioning from a service-based economy to an experience-based economy, said Joe Pine, best-selling author of The Experience Economy and Authenticity, during a keynote address at HealthLeaders Media 09: The Hospital of the Future Now in Chicago on Thursday. Although patient experience is receiving more attention in most hospitals, it isn't always perceived as a top financial priority, Pine explained. But Pine made the case that improving patient experience is not only important to a hospital's bottom line, it is perhaps the single most important factor to success in the coming years. [Read More]
Jackson Health System turning to high-priced consultants
As Miami-based Jackson Health System struggles financially, officials have apparently decided it's time to spend (a lot) of money to make money after the system announced plans to hire a firm of high-priced consultants. James R. Malone, managing partner of Qorval consulting services, will serve as Jackson's interim chief operating officer at a rate of $595 an hour for the next nine months. Altogether, Qorval could get up to $1.8 million for the services of three to six consultants in the next nine months, reports the Miami Herald. [Read More]
CBO estimates House health bill at $905 billion or less
Congressional Budget Office analysts have given House leaders cost estimates for two competing versions of their plan to overhaul the healthcare system, concluding that one comes within striking distance of the $900 billion limit set by President Obama and the other falls below it. The report from the CBO puts the cost of one plan at $859 billion over the next decade and the other at $905 billion. The cheaper version would rely heavily on a more dramatic expansion of Medicaid, reports the Washington Post. But as another article from today notes, even the revered CBO does not have a crystal ball to determine these numbers and the Post likens the process to "trying to forecast your grocery bill in 10 years." [Read More]
Finance Forum
Five Steps the C-suite Should Know About Optimizing the Hospital Supply Chain
As hospitals across the country feel pressure to cut costs and improve operational efficiencies, the role of the hospital supply chain becomes increasingly important. Hospital supply chain issues are no longer just the concern of materials management departments and service line VPs. C-suite executives are also getting heavily involved. When they do, they should first know five critical points when it comes to supply chain management. [Read More]
Finance Headlines
Why Nurses Are Rising Up Against a Shot in the Arm
Rebecca Hendren, for HealthLeaders Media - October 13, 2009
UPMC Will Close Struggling Hospital
John Commins, for HealthLeaders Media - October 16, 2009
CEOs tally health-bill score
Wall Street Journal - October 19, 2009
Bristol (CT) Hospital, Anthem in standoff over reimbursement rates
Hartford Courant - October 19, 2009
Hidden costs of Medicare Advantage
Washington Post - October 15, 2009
Blue Island, IL-based MetroSouth Medical Center plans no more reductions, chief says
Chicago Tribune - October 14, 2009
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From HealthLeaders Magazine
Care Team Architecture
HealthLeaders October 2009 Creativity and flexibility count, sure. But underlying the successful care team design is a foundation of essential and lasting values. [Read More]
Service Line Management
State of Emergency
The nation's emergency departments are feeling the effects of the economic downturn, but innovations in patient throughput and other strategies offer hope for a beleaguered system. [Read More]
Money Talk

A look at one hospital's struggles to improve

St. Joseph Health Services of Rhode Island, North Providence, RI
Rating: BB-
Outlook: Negative
Affected Debt: $19.1 million
Agency: Standard & Poor's
Remarks: Rating lowered from BB due to lower-than-budgeted financial results over a two-year period.
[Read More]
Audio Feature

Getting More Out of Your Revenue Cycle: Tony Reisz, CEO of Ontario Systems, talks about how hospitals can squeeze more out of their revenue cycle through a focused front-end effort. [Listen Now]
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Webcasts

November 17: Service Lines Strategies Workshop 2009: Stroke Care
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October 22: Marketing to Physicians: Build Relationships to Increase Referrals
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