A Health Affairs Council on Health Care Spending and Value Executive Summary released in February shows that since the 1970s, healthcare growth has outpaced economic growth. The number one reason, according to the report, are advancements in care and in particular, cancer care that bring higher costs for these technological innovations. But close behind is the issue of
Hospitals are looking to cut expenses in the midst of financial pressure from inflation, workforce costs and other challenges to already thin margins. LogicSource CEO and founder David Pennino and Healthcare Managing Partner Brian White, who work with health system executives, say they often see hospitals spending more on non-medical items than other businesses do. "The spend
The American Hospital Association in August reported that higher-acuity patients are causing unsustainable financial challenges for hospitals and health systems due to higher costs for labor, drug and supplies. What the report fails to highlight is that hospitals are now seeing fewer patients with minor ailments and therefore are missing out on those revenue opportunities,
Andrew Lovewell, CEO of Columbia Orthopaedic Group adopted digital care coordination two years ago as COVID-19 took hold. The small private practice in Columbia, Missouri wanted to make sure that patients, post-surgery, had access to home exercise plans and therapy.. The program, using Force Therapeutics technology, has been so successful , the 26 orthopedic physicians in the
Acute-level care at home is another innovation driven by the pandemic, though the concept is not new. But as hospitals needed to free up beds and CMS loosened restrictions, health systems both set up programs and invested in partnerships that could help. Medically Home offers the logistics, hardware and software technology to make it possible for care providers to give the