Chicago's Swedish Covenant Hospital chief Mark Newton details measures taken by hospital staff to meet his challenge, and divulges the wider benefits of leading through a crisis by engaging and empowering employees.
During the recession, Chicago's Swedish Covenant Hospital chief Mark Newton was unwilling to take draconian measures such as layoffs. Instead, he deployed a tactic from his entrepreneurial background: He challenged his staff to find ways to cut costs themselves.
It's a frustrating time to be a hospital chief. In the midst of shrinking Medicare reimbursements, the threat of consolidation, and the shift from volume-based growth to growth based on quality and value, the CEO exodus may be just beginning.
The challenges at one Texas hospital's emergency department were numerous, but they all boiled down to a left-without-being-seen rate of 8-10%. Here's how hospital leaders re-engineered the department and its processes and stopped seeing business walk out the door.
Evidence-based clinical practices are better not only for patient outcomes, but for healthcare costs as well. While it remains difficult to gather the large amounts of data necessary for best practices to be developed and refined, technology is leading the way forward...
A Seattle physician shuns insurance and puts his beliefs into practice. The power of shopping and the free market, he says, will cut prices for medical care, and remove the complexity—at least from the primary care system.
Three in four hospital chief executives surveyed say they either already have the components in place to be considered an accountable care organization or that they will within the next five years. But how do they prepare for something that's still at the experimental...
Healthcare has lots of problems: it's too expensive, it often harms patients rather than heals them, and it's highly inefficient. What if there were a prize attached to the goal of improving healthcare administration. We know that's where the waste is. But what would...
The Patient Protection and Affordable Care Act's individual mandate had solid backing from the public two years ago, survey data shows. Now the mandate is in serious trouble—not from the public, but from the courts. What's going on?
Community Health Systems, Vanguard Health Systems, and Lifepoint Hospitals have partnered with two nonprofit health systems to form a strategic venture fund. Is it strange? A little. Is it a good idea? Probably.