Stay ahead of the headlines

Jan 1, 2024·FierceHealthcare

Deloitte's 2024 healthcare outlook recommends strategies like adopting generative AI, outsourcing, and skilled labor retention. Predicted trends include M&A and consolidation, digital transformation, workforce challenges, outsourcing and offshoring, and an increase in consumer financial pressures. The report emphasizes the need for healthcare leaders to adapt to a changing landscape, amidst a disruptive pandemic, cost pressures, and rapid digital transformations.

Jan 1, 2024·Deloitte

The 2024 health care sector will face digital transformation, AI, eco-social governance, and financial pressure. These factors will challenge executives' ability to adapt and innovate. Adoption of advanced technologies, maintaining a skilled workforce, outsourcing selectively, and aligning with consumer expectations will play a key role in navigating these challenges and ensuring future success. The industry is transitioning from fragmentation to consolidation, making it vital for leaders to keep pace and determine their future path.

Dec 30, 2023·LinkedIn

Healthcare organizations face margin pressures. Leveraging contracts, consolidating SKUs, buying cheaper supplies necessary yet insufficient. Business model redesign, scalable reinvestment, efficiency innovation, and deploying leadership skills to manage portfolio are highly recommended. Successful implementation bolsters margins, improves critical outcomes.

Dec 26, 2023·Forbes

By 2024, healthcare CIOs will address tech advancements, cybersecurity, rising medical costs, and workforce shortages. They'll lead digital transformations, adopt new technologies, enhance customer engagement, and improve data analytics. Integration of IT with digital health is emphasized. AI will be heavily adopted in healthcare. Some healthcare providers may choose to outsource IT services for cost efficiency. Cybersecurity remains a primary concern with ransomware attacks.

Dec 21, 2023·Fortune

Survey reveals happiest employees take 15 days PTO yearly, but 80% experience guilt over taking leave. Workers often work ahead and remain responsive on vacation. Of those 38% US and 23% UK workers with PTO didn't use it, half forfeited it. Some question unlimited PTO validity, with 43% considering it a scam. Guilt can derive from job insecurity, increased workload, or burdened colleagues. Employers addressing guilt offer check-ins, leadership training, open dialogues, and mental health resources.

Dec 19, 2023·CIO

Achieving IT service delivery excellence involves approaches like proactiveness, empathy, structured service catalog, iterative methods, standardization, user-centric approach, documentation, continuous improvement, customer satisfaction, and addressing specific needs.

Dec 18, 2023·Beckers Hospital Review

Illinois' Ascension Mercy Hospital, previously known as Amita Health Mercy Medical Center, continues to be referred to as "Mercy" despite multiple name changes due to mergers and acquisitions. Local familiarity often trumps official rebranding efforts. Name changes can reflect reputation repair, merging with a more recognized health system, or cultural shifts internally. However, constant name changes can challenge healthcare marketing. In absence of substantive reasons, experts suggest sticking with familiar names to save money and confusion.

Dec 11, 2023·The Hill

Quarter of US medical students consider quitting due to mental health and study-life balance concerns, detected by Elsevier survey. Streamlining for non-patient-facing roles observed.

Dec 7, 2023·LinkedIn

Joel Klein discusses the concept of 'authority gradient' in aviation and its implications in healthcare. This refers to the expertise levels within a team, such as a flight crew or medical staff. An authority gradient could lead to experienced members discounting inputs from less experienced ones, which could be crucial in crisis situations. In healthcare, this could contribute to unfavorable situations. Aviation manages high authority gradients by open communication and affirming everyone's value in their roles. This method is less common in healthcare but could be beneficial.

Dec 7, 2023·StarBridge Advisors

Healthcare and IT present challenges and opportunities; focus on people, process, technology. Current global issues impact local activities; workforce challenges emphasize people focus. Healthcare professionals need mercy, compassion, listening skills; should treat others kindly. For 2024, kindness and compassion are essential. Collaboration and attention to diversity, equality, inclusion (DEI) expand. IT security critical; evolve IT, embrace digital services, consider revenue enhancement/cost containment. Remain open to new partnerships, challenge status quo, cautiously engage AI, Machine Learning. Address health literacy, EHR issues; commit to life-work balance assessment. Create better 2024.

Dec 4, 2023·CIO

Darlene Taylor, CIO at Superior Industries, identifies listening, drive and caring as key to her success. Having worked her way up from automotive engineer to leading IT at major firms, Taylor places a strong emphasis on empathy, using conversational interactions to uncover opportunities for technology to improve tasks. She endorses agile methods, advocating for positive momentum and striving against analysis paralysis. Taylor's third tenet, care, considers the needs of stakeholders in order to build trust and display empathy in her leadership style.

Dec 4, 2023·Becker's Hospital Review

Walmart partners with Orlando Health for patient care in Walmart's eight health centers in the Orlando area. This collaboration aims at effective patient care transitions and improved value-based outcomes, with no monetary transactions involved. Healthcare leaders express potential growth in new patients and high-quality, low-cost outcomes through such partnerships. Comparatively, One Medical collaborates with health systems, reimbursing them for care delivery and collecting patient visit fees. Walmart's move, deemed as a catalyst for care delivery innovation, is also deemed an opportunity to enhance health and reduce healthcare costs for Walmart's 1.6 million employees, the nation's largest private workforce.

Dec 3, 2023·AMA

Physicians' early retirements and shifting job perceptions demand smarter technology uses in the US health system. A 2021-2022 AMA survey found 40% of physicians considering leaving their current organization within two years due to a lack of valuation and escalating burnout exacerbated by clerical workload. Experts, including Dr. Tina Shah, push for technological advancements like AI to automate repetitive tasks and reduce clerical burdens. In addition, they propose actions under the "2022 Healthcare Workforce Rescue Package". These tactics aim to create safer workplaces, foster team collaboration, and ensure physicians' dedicated time to practice medicine.

Dec 3, 2023·STAT News

UnitedHealth Group employs or affiliates 90,000 U.S. doctors, 10% total, adding 20,000 past year. The major insurer seeks greater control over health care delivery, amid unchecked growth by antitrust agencies.

Dec 1, 2023·Heller Search Associates

New tech turns "if" to "how", demanding build/buy decisions, investment, risk and talent management. CIOs must guide GenAI application with enterprise-wide perspective. Understanding GenAI's purpose, including distillation, conversation, content generation, aids valuable deployment. Key decisions: building/buying models factoring privacy, data availability, quality, effort, security; estimating costs; managing risks; acquiring right talent. Savvy CIOs seize leadership opportunity in unfolding GenAI advancements.

Dec 1, 2023·LinkedIn

Security executive Jason Elrod shares tips to develop business acumen among security executives: differentiate between business skills and technical expertise; adopt a beginner's mindset; find strategic mentors; focus learning on relevant areas; network and engage in cross-field forums; study and apply lessons from case studies; use feedback to gradually apply learned business concepts; and read recommended resource books. Elrod encourages applying these strategies for effective leadership, management, and cybersecurity in businesses.

Nov 30, 2023·Beckers Hospital Review

Providence reported a Q3 operating loss of $310M, down from last year's $164M, despite a 5% YOY revenue increase. Performance impacted by a 7% expense increase due to wage rises, higher supply and patient service costs. The system prioritizes recruitment and retention to reduce agency staffing reliance, addressing discharge challenges and increasing surgical capacity across facilities. Despite losses, an $857M operating loss for the nine months ending September is reported, lower than last year's $1.1B.

Nov 28, 2023·Gallup

75% of Americans predict AI will reduce jobs in the next decade, with those lacking bachelor degrees more likely to say so. Despite this, majorities recognize AI's potential benefits in certain tasks. However, 79% express low trust in businesses' responsible AI use, 40% believe AI causes more harm than good, highlighting an opportunity for businesses to affirm their AI commitment.

Nov 28, 2023·Beckers Hospital Review

CEO role evolution in 2023: Burnout and isolation contribute to healthcare's high CEO turnover rate, leading to industry-wide leadership structure realignment for greater collaboration and integration. As hospital CEOs focus on excellence amid workforce shortages, recruitment and employee well-being are prioritized. Some health systems assign dual roles to executives to streamline leadership and respond more effectively.

Nov 28, 2023·McKinsey & Company

McKinsey article underscores the importance of rigorous strategy testing for businesses. Instead of chasing new strategic approaches, it suggests focusing on timeless principles. The article provides ten critical tests for evaluating strategy, including understanding competitive advantage, recognizing market trends, handling uncertainty and assessing market position. It emphasizes that strategy is not a framework but a way of thinking, and advises that strategic dialogue is essential in any corporate setting. A strategy should be able to leverage trends, be based on insights, accommodate uncertainty, mitigate biases, facilitate action, and balance commitment and flexibility.