HealthLeaders Media Corner Office - November 20, 2009 | What's the Truth About Your Hospital's Financial Health? View as a Webpage | Subscribe for Free
What's the Truth About Your Hospital's Financial Health?
Philip Betbeze, Senior Editor-Leadership

Only you know the truth about your hospital's health. But generally, hospitals are struggling or just fine, depending on whose study or survey methodology you believe. Within the past week, two respected organizations—the American Hospital Association and Thomson Reuters—have come out with a survey and a study, respectively, that seem diametrically opposed to each other's conclusions.
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  November 20, 2009

Editor's Picks
House OKs Bill to Stop Medicare Physician Cuts
This bill, which the House approved yesterday, would apparently cost all of us. The latest attempt to "fix" the sustainable growth rate appears to do nothing of the sort, according to reporting from my colleague Janice Simmons. Under a House bill, Medicare beneficiaries would pay $49 billion in higher Part B premiums between 2011 and 2019, and the bill would allow the volume of most services to grow at the rate of the gross domestic product plus 1 percentage point per year (compared to GDP without any adjustment today) and allow the volume of primary and preventive care services to grow at GDP plus 2% per year. So much for sustainability. I'm not insensitive to the problems the current formula causes, but I thought we were working to solve healthcare's cost problem. [Read More]
Why Do Some Hospitals Successfully Implement EHRs and Others Fail?
Here's an interesting column from my colleague Carrie Vaughan. Turns out one of the CIOs she talked to recently didn't discuss technical expertise or fancy features as key to the successful implementation of an EHR. It's all about governance. Even CEOs can learn something from her conversation with Chuck Podesta, senior vice president and chief information officer for Fletcher Allen Health Care, about its conversion to an EHR. [Read More]
Retail Clinic Market Showing Signs of Growth
Despite the slow economy, the number of healthcare retail clinics has increased about 15% during the past two years, according to a new report released by the Deloitte Center for Health Solutions. And more of these clinics are beginning to ally themselves with established healthcare organizations. [Read More]
Happy Thanksgiving!
From all of us at HealthLeaders Media, have a happy Thanksgiving holiday. HealthLeaders Media Corner Office will not publish next week, but will be back December 4.
This Week's Headlines
Obama Plans to Sign Executive Order to Target Medicare Waste, Fraud
Janice Simmons, for HealthLeaders Media - November 18, 2009
Three Democrats could block health bill in Senate
New York Times - November 18, 2009
1.5 million medical files at risk in Health Net data breach
Hartford Courant - November 19, 2009
Minnesota-based HCMC to reduce charity care, cut jobs
Minneapolis Star Tribune - November 19, 2009
Pennsylvania outpatient-surgery centers surge in numbers, profit
Philadelphia Inquirer - November 19, 2009
New life for Hughes Spalding children's hospital in Atlanta
Atlanta Journal-Constitution - November 19, 2009
UConn Health Center faculty vote to unionize
Hartford Courant - November 19, 2009
Webcasts/Audio Conferences
Women's Health: Building a More Profitable Service Line With Existing Assets (December 17)
Marketing Cardiology: Service Line Strategies for Marketers (December 3)
Service Lines Strategies Workshop 2009: Stroke Care (On Demand)
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From HealthLeaders Magazine
Carving Out a New CEO Model

HealthLeaders November 2009
Responding to heightened scrutiny and reimbursement cuts, healthcare CEOs are becoming increasingly interactive with a growing list of constituents. [Read More]
Service Line Management
Don't Count on Colonoscopies

New procedural developments and a shifting market are changing how physicians and hospitals work together to deliver digestive health services. [Read More]
View from the Top

Providing Quality Healthcare in a Values-Driven Culture: As the old saying goes: good people are hard to find. Fortunately—or unfortunately depending on one's point of view—good people are easier to find as a result of the Great Recession. While healthcare has not been hit as hard by the economic downtown as some market niches, our industry has not escaped completely and there have been job cuts. Whether from inside the industry, or as a result of career changes from other disciplines, in this bad economy we have the chance to find good people and bring them onto our teams. [Read More]
Audio Feature

Broken Neck Reveals Hospital Management Problems: Dr. John Kenagy is a physician, healthcare executive, scholar, and advisor, who was once described by Forbes Magazine as "The Man Who Would Save Healthcare." He's written a book called Designed to Adapt: Leading Healthcare in Challenging Times. What's interesting about the book is that many of the lessons come from his personal experience surviving a critical hospital stay for a broken neck, where he came to the conclusion that most healthcare organizations can't manage the many small problems that affect each individual patient on a day-to-day basis, let alone the larger issues faced by the industry. I spoke with him recently and he's featured in this week's audio interview. [Listen Now]
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