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In the News

Healthcare Systems Ranked: Operating Margins Reveal Financial Resilience Amid Pressures

September 3, 2024

The article ranks 31 healthcare systems based on their operating margins, highlighting a significant increase in margins for some systems, with a shift from 7.9% to 14.9%. It provides insight into how these financial metrics reflect the operational efficiencies and economic health of various organizations within the healthcare sector.

Healthcare Systems Ranked: Operating Margins Reveal Financial Resilience Amid Pressures Becker's Hospital Review

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Epic Systems Boosts Interoperability Efforts Amidst Health Leaders' Concerns

September 3, 2024

Health system leaders have expressed mixed opinions about Epic's recent strategic initiatives, focusing on its new features and partnerships aimed at enhancing interoperability and user experience. While some executives appreciate the company's efforts to streamline electronic health record (EHR) capabilities and expand its services, others are concerned about the potential challenges these changes may introduce, particularly regarding implementation and integration with existing systems. The article highlights the ongoing dialogue among health leaders about the effectiveness of Epic's latest developments in addressing their operational needs.

Epic Systems Boosts Interoperability Efforts Amidst Health Leaders' Concerns Becker's Hospital Review

Read More

RWJBarnabas Health Elevates Care with Innovative Triad Leadership Model

September 3, 2024

RWJBarnabas Health is implementing a triad leadership model to enhance operational efficiency and patient care. This approach involves the collaboration of three key leaders—physicians, nurses, and administrators—working closely together to address challenges and improve outcomes. By fostering open communication and shared decision-making, the organization aims to streamline processes and create a more cohesive healthcare environment, ultimately benefiting both staff and patients.

RWJBarnabas Health Elevates Care with Innovative Triad Leadership Model Becker's Hospital Review

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Lawmakers must incentivize cyber protection for critical infrastructure

September 2, 2024

The increasing digital connectivity in the United States has introduced unprecedented cyber threats to critical infrastructure, posing significant risks to public safety. Federal policymakers are examining how insurance products can bolster cyber risk management, drawing parallels with incentives seen in homeowner and automobile insurance. Standards of care must be established across Operational Technology (OT) sectors to mitigate risks similar to fire or mechanical failures. The emphasis is on implementing mandatory cyber safety engineering standards to ensure resilience in new infrastructure, aided by the $1.2 trillion Infrastructure Investment and Jobs Act. A taxpayer-funded backstop for catastrophic cyber incidents could lead to moral hazard risks, making it crucial to prioritize proactive risk mitigation over risk transfer. Active collaboration among asset owners, engineers, and insurers is essential for effective cyber risk management and continuous improvement. Public policy must focus on avoiding consequences rather than managing post-catastrophe outcomes to protect lives.

Lawmakers must incentivize cyber protection for critical infrastructure Cyberscoop

Read More

Healthcare Systems Ranked: Operating Margins Reveal Financial Resilience Amid Pressures

September 3, 2024

The article ranks 31 healthcare systems based on their operating margins, highlighting a significant increase in margins for some systems, with a shift from 7.9% to 14.9%. It provides insight into how these financial metrics reflect the operational efficiencies and economic health of various organizations within the healthcare sector.

Healthcare Systems Ranked: Operating Margins Reveal Financial Resilience Amid Pressures Becker's Hospital Review

Read More

Epic Systems Boosts Interoperability Efforts Amidst Health Leaders' Concerns

September 3, 2024

Health system leaders have expressed mixed opinions about Epic's recent strategic initiatives, focusing on its new features and partnerships aimed at enhancing interoperability and user experience. While some executives appreciate the company's efforts to streamline electronic health record (EHR) capabilities and expand its services, others are concerned about the potential challenges these changes may introduce, particularly regarding implementation and integration with existing systems. The article highlights the ongoing dialogue among health leaders about the effectiveness of Epic's latest developments in addressing their operational needs.

Epic Systems Boosts Interoperability Efforts Amidst Health Leaders' Concerns Becker's Hospital Review

Read More

RWJBarnabas Health Elevates Care with Innovative Triad Leadership Model

September 3, 2024

RWJBarnabas Health is implementing a triad leadership model to enhance operational efficiency and patient care. This approach involves the collaboration of three key leaders—physicians, nurses, and administrators—working closely together to address challenges and improve outcomes. By fostering open communication and shared decision-making, the organization aims to streamline processes and create a more cohesive healthcare environment, ultimately benefiting both staff and patients.

RWJBarnabas Health Elevates Care with Innovative Triad Leadership Model Becker's Hospital Review

Read More

Lawmakers must incentivize cyber protection for critical infrastructure

September 2, 2024

The increasing digital connectivity in the United States has introduced unprecedented cyber threats to critical infrastructure, posing significant risks to public safety. Federal policymakers are examining how insurance products can bolster cyber risk management, drawing parallels with incentives seen in homeowner and automobile insurance. Standards of care must be established across Operational Technology (OT) sectors to mitigate risks similar to fire or mechanical failures. The emphasis is on implementing mandatory cyber safety engineering standards to ensure resilience in new infrastructure, aided by the $1.2 trillion Infrastructure Investment and Jobs Act. A taxpayer-funded backstop for catastrophic cyber incidents could lead to moral hazard risks, making it crucial to prioritize proactive risk mitigation over risk transfer. Active collaboration among asset owners, engineers, and insurers is essential for effective cyber risk management and continuous improvement. Public policy must focus on avoiding consequences rather than managing post-catastrophe outcomes to protect lives.

Lawmakers must incentivize cyber protection for critical infrastructure Cyberscoop

Read More
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Insights by Kate Gamble
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