Become agile and listen to the clinicians After Wolf, Dr. Sunwoopark, president and CEO of Samsung Medical Center, became a filmless hospital in 1996 and in 2003, he discussed the history and growth of the health system to create a Darwin that symbolizes the data analysis and research window for integrated knowledge. The journey to becoming an advanced healthcare organization that gained multiple recognitions from HIMSS has not been easy. In a conversation with Wolf and Dr. Meong Hi Son, Chief Medical Information Officer at Samsung Medical Center, Park explained how the previous EHR system did not match the organization's…
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LAS VEGAS – Parkview Health in northeastern Indiana has created a pathway for rural patients in 23 counties to benefit from a “single story of care.” His HIMSS25 Global Conference and Exhibition presentation focuses on lessons learned after growing “Business within the Business” for 13 years. The non-profit healthcare organization has created an Electronic Health Record (EHR) system sharing program that provides spectacular web-enabled access to over 400 rural hospitals and clinics. “We want them to not only survive, but also to thrive,” he said Tuesday as he launched his HIMSS25 education session here. “We need to make sure we're…
The cost of nursing home rooms rose between 2023 and 2024, with semi-private rooms increasing 7% to $111,325, while private rooms cost 9% to $127,750. According to a study published by Genworth Financial (NYSE: GNW) and Carescout, the increased cost of care for these sectors is somewhere in the middle compared to other long-term care settings. Research findings showed no long-term care environment with reduced costs. Median monthly monthly values for semi-private and private nursing rooms at the national level were $9,277 and $10,646, respectively. Alaska, Oregon and Hawaii, divided by state, were the most expensive annual costs for semi-private…
Last week, at the Lake Nona Impact forum for Advancing Global Health, I discussed the possibility that AI could significantly improve healthcare and advance science. Our recent AI breakthroughs provide an unprecedented opportunity to make healthcare more accessible, personalized and effective, and significantly accelerate scientific discovery. Below is the latest information on our progress and how we are working with our partners to collaborate with our global healthcare environment and our recently announced AI co-scientists.AI makes accurate health information more accessibleGoogle is often the first place people turn to when they are looking for answers to health-related questions. That's why…
With a market capitalization of $84.8 billion, Cigna Group (CI) is a global health company with two growth platforms: Evernorth Health Services and Cigna Healthcare. The Bloomfield, Connecticut-based company offers insurance and related products and services.Companies worth more than $10 billion are generally classified as “large” stocks, and Cigna Group meets this standard perfectly. CI maintains sales capabilities across more than 30 markets and jurisdictions, and has around 182 million customer relationships worldwide that provide solutions to diverse challenges across the healthcare system. Active Investors: Free newsletter behind the hottest stock headlines to uncover new trade ideas Multinational insurance companies…
Intuitive Surgical, Inc, headquartered in Sunnyvale, California. (ISRG) has a market capitalization of $204.14 billion and specializes in the medical equipment and property assets industry. The company develops, manufactures and sells innovative products that enable physicians and healthcare providers to improve the quality and accessibility of minimally invasive care.Companies over $200 billion are commonly referred to as “megacap stocks,” and intuitively fit into categories, indicating their size, influence and market presence in the medical device industry. As the dominant player in robotic surgery, he holds a strong competitive moat due to high switching costs and continuous innovation. With the increasing…
Birdtown, Ky. (Wave) – Sixteen people inside a Birdtown nursing home are being treated for smoke inhalation after a fire at the facility this morning.Burdstown firefighters were called to the landmark nursing home at 6:37am, and the first crew members found through the window arrived. Some firefighters fought the fire, while others joined the landmark staff and police on evacuating residents. The fire was controlled within minutes and did not enter the building's attic. Fire Investigators said the fire was caused by an electrical failure within the HVAC unit.Milt Spalding, a spokesman for Nelson County Emergency Management, said 13 residents…
Patients with learning disabilities at Muckamore Abbey Hospital were kept on wards that were like “prisons” and suffered decades of “inhumane” and “insidious” abuse, an inquiry has heard. Healthcare staff working at the learning disability hospital in County Antrim subjected some of their most vulnerable patients to physical, sexual, psychological and emotional abuse, lawyers claimed. “Patients were left exposed to abuse for many years and suffered harm as a result” Conor Maguire The Muckamore Abbey Hospital Inquiry, chaired by barrister Tom Kark KC, has been analysing the issue of abuse at the hospital to determine why it happened and the…
Population growth in the Reno Sparks metropolitan area will not be immediately signed.Washoe County had a population of nearly half a million people in 2023, the U.S. Census Bureau reports. In 2010, the county had over 421,000 residents, growing nearly 20% in more than a decade. To the rapid expansion of people, local healthcare providers are rushing to meet the needs of current and incoming residents. The new medical facility was born beyond the larger Reno Sparks, is it enough?The NNBW was carried out by executives of the major healthcare networks that ask questions and others serve the area. Here's…
Flexible working and e-rostering are key to keeping more nurses in the health service, a new report by NHS England suggests. The organisation has published a new analysis of its People Promise staff retention initiative, which has seen trusts offered support to implement changes to prevent staff from quitting. “I’d encourage all NHS organisations to prioritise retention” Em Wilkinson-Brice Of the 23 trusts that made up the first cohort of the programme, all but one recorded a significant decrease in their all-staff monthly leaver rates. Across all the trusts, leaver rates fell collectively by 11.8% more than non-exemplar trusts over…