HealthLeaders Media Finance - May 9, 2011 | To Cut Hospital Costs, Leverage Vendor Relationships View as a Webpage | Subscribe for Free
To Cut Hospital Costs, Leverage Vendor Relationships
Karen Minich-Pourshadi, Senior Editor

Advocates of supplier relationship management say that when both the hospital and the vendor increase the efficiency of acquiring goods and services, managing inventory, and processing materials, not only do costs drop, but quality improves. [Read More]

  May 9, 2011

Editor's Picks
How Can Physicians Close the Disparity Gap?
Joseph R. Betancourt, MD, MPH, recalls when he was 7 years old in the 1970s he helped his Puerto Rican grandmother interpret in English at a doctor's office in New York City. During her session with the physician, his grandmother seemed pleased and appeared to understand the doctor's intent. Later, she observed, "I'm not sure what the doctor said and I'm not going to do it anyway,'' Betancourt recalled, evoking laughter from his audience last month at an American Hospital Association meeting in Washington D.C. My colleague Joseph Cantlupe takes a look at patient-centered care from the physician's perspective. [Read More]
5 Tech Tips to Boost ED Throughput
You want the leaders at your organization to pay attention to emergency department throughput and intervene when the wait for a bed gets too long? Put the data on their smartphones. That was the suggestion at a recent Atlanta roundtable discussion. And, there's a nifty little app that lets everyone monitor patient population data. [Read More]
H-1B Visa Recruiting Season Under Way
International medical school graduates can be a boon to rural hospitals that have trouble attracting physicians. But there are a limited number of H-1B visas—for people whose jobs require a minimum of a bachelor's degree—issued every year, and there are often aren't enough of them to go around, especially since that limit applies to all industries, not just healthcare. But this year will likely mark the first time in several years that there will be enough H-1B visas for the entire year. And because the application period began April 1, now is the time for hospitals to be recruiting international medical school graduates. [Read More]
Breakthroughs: The Coordinated ED
Your emergency department is at the forefront of access and quality. Dynamic health systems are maximizing the efficiency, throughput, and patient experience of today's ED in a shrinking reimbursement environment. In this free report, leading hospital systems—Scripps Health, Grady Health System, Mercy Medical Center, and Cambridge Health Alliance—share insights and lessons learned on maximizing the ED. [Read More]
Impact Analysis: Leaders Respond to CMS' Proposed ACO Regulations
The proposed regulations are indeed out, but what do they really mean to your organization and the industry? Get reactions from leaders at hospitals, health plans, and physician practices that are already well-versed in ACOs, including Monarch Healthcare, Alegent Health, Kaiser Foundation Health Plan /Kaiser Foundation Hospitals, Geisinger Health System, Dean Health System, and Scripps Health. [Read More]
Webcast: Achieving Ambulatory Surgery Center Success in the Reform Era
Reform, reimbursement, and reintegration—a triple threat to ambulatory surgery centers (ASCs) or new opportunities for ROI? Join HealthLeaders Media for a 90-minute Webcast, including Q&A, to learn how to increase the financial return of ASC operations from leaders with proven ambulatory care ROI. [Read More]
Finance Forum
Healthcare Equipment Acquisition in an Improving Economy
Equipment financing, particularly of information technology such as electronic medical records, is a key acquisition strategy. An expert explains how healthcare organizations can strategically leverage their equipment financing.

[Read More]
Finance Headlines
Controversial IPAB braces for continued battles over Medicare
The Washington Post, May 9, 2011
CMS' TeleMed Rule Eases Physician Credentialing
HealthLeaders Media, May 6, 2011
Big savings expected from emerging generic drugs
The Chicago Tribune, May 5, 2011
Health reform compromise passes VT Senate
The Burlington Free Press, May 5, 2011
How rich healthcare mandates could bust the budget
Fortune, May 5, 2011
ACO Options to be Explored by Two Texas Health Systems
HealthLeaders Media, May 5, 2011
Webcast: Achieving Ambulatory Surgery Center Success in the Reform Era
May 11, 2011
Webcast: Ratchet Up Physician Referrals: Proven Methods & Measures
May 18, 2011
Rounds: Neurological Service Line Growth: Telestroke & Brain Tumor Innovations
May 18, 2011
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From HealthLeaders Magazine
In an ACO, Who's Accountable?
It can be the hospital, but health plans, physician practices and medical service organizations can also serve as the "accountable" party. [Read More]

Deep Insight:

Service Line Management
Rehab Hospitals Retooling
Larger, specialized facilities are focusing on longer-term care and specific illnesses. [Read More]

Money Talk

Who's Up and Who's Down?

Sheridan Healthcare, Sunrise, FL
Rating: B
Outlook: Positive
Affected Debt: $160 million
Agency: Standard & Poor's Ratings Services
Remarks: Physician outsourcing provider Sheridan Healthcare Inc. will be using funds from a proposed $160 million incremental term loan B to fund acquisitions. S&P affirmed a B corporate credit and existing issue-level ratings. The outlook was revised to positive from stable, reflecting the company's more disciplined financial policy.
Audio Feature

Tony West: Waging War on Medicare, Medicaid Fraud:
Tony West left a thriving private law practice to return to the Department of Justice as a political appointee when President Obama took office in 2009. Over the last year and half, the department has recovered more than $4 billion lost to healthcare fraud.[Listen Now]
Sponsor HealthLeaders Media Finance

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