According to the Centers for Medicare & Medicaid Services, health care spending is projected to exceed $7 trillion by 2031, yet hospitals and providers are grappling with financial challenges caused by factors such as rising wages, benefit costs and litigation expenses. Additionally, the influx of private capital into the sector is changing the risk environment for providers. Costs associated with medical malpractice amount to approximately $60 billion across the healthcare industry. Medical malpractice is the third leading cause of death in the United States, and medical liability insurance premiums have risen steadily over the past decade due to social as…
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A large study suggests that children with cancer are more likely to die in a hospital than at home. Data shows that 52% of patients died in the hospital and 40% died at home. These findings were published in JAMA Pediatrics. To determine where pediatric cancer patients died, researchers analyzed data from the CDC WONDER database, which included 36,889 deaths between 2003 and 2020, including: 52.0% of patients died in a hospital, 39.3% died at home, 6.1% died in an outpatient or emergency department facility, 2.2% died in a hospice setting, and 0.5% died in a nursing home. Patients were…
With an average of 1,500 patients in emergency rooms a day in early September and wait times for inpatient rooms reaching nearly nine hours, Massachusetts General Hospital Brigham is easing capacity pressures by expanding home care. Steven Iannone is known for telling it like it is. “My filter is gone, it broke a long time ago,” Iannone says. That includes his own health issues. “For years I didn’t eat properly, I was picky with food, and that put me in congestive heart failure,” Iannone says. As the state’s hospital capacity crisis continues, he ended up in the emergency room at…
Furthering its commitment to patient and staff safety, SSM Health participated in a recent White House forum with 15 of the nation’s leading health systems with the goal of significantly reducing preventable harm in health care. Dr. Shephali Wulff, system vice president of quality and safety at SSM Health, participated in the White House Healthcare Safety Forum, where health systems committed to taking action to provide safe care for all and achieve zero preventable harm. These 16 health systems collectively provide care to more than 30 million patients and employ hundreds of thousands of dedicated health care workers. “I was…
Three-quarters of hospitals and health systems increased their IT spending last year, and many will continue to focus on strengthening their IT infrastructure and cybersecurity, according to a new report from Bain & Company and KLAS Research. He says he will continue to do so.The findings are based on a survey of 150 provider organizations and payers across the United States.The greater attention many providers are paying to strengthening their cybersecurity defenses is a direct response to the hack of payments management company Change Healthcare in February, the report said. This cyberattack was one of the largest in U.S. history…
TriStar Health, an affiliate of HCA Healthcare, today announced a $600,000 donation to Meharry Medical College to provide paid internship and scholarship opportunities for graduate students in the School of Applied Computational Sciences (SACS) over four years. The investment is part of $10 million HCA Healthcare has committed to Historically Black Colleges and Universities (HBCUs) and Hispanic Serving Institutions (HSIs).”We are pleased to continue our support of Meharry Medical College and provide further educational opportunities for graduate students through scholarships and internships. Our organization is committed to increasing access to healthcare careers throughout the Middle Tennessee region.”Mitch Edgeworth, president, HCA…
This article is part of the HHCN+ Membership BrightSpring Health Services Completes Acquisition of Haven Hospice BrightSpring Health Services (Nasdaq: BTSG) announced earlier this month that it had completed the acquisition of North Central Hospice and the assets of Haven Medical Group, which together make up Haven Hospice, for $60 million. The deal was first announced in June and finalized on September 1st. Importantly, the agreement will help BrightSpring strengthen its hospice footprint in Florida, a Certificate of Need (CON) state. “We are pleased to welcome Haven Hospice to BrightSpring and expand our existing hospice services into the DRC, Florida,”…
Dublin, Sept. 23, 2024 (GLOBE NEWSWIRE) — The “Healthcare Laboratory Services Market – Global Industry Size, Share, Trends, Opportunities and Forecast, 2019-2029” report has been added to ResearchAndMarkets.com’s offering.The healthcare testing services market is expected to be valued at USD 5.6 billion in 2023, and is expected to grow at a remarkable CAGR of 5.08% during the forecast period till 2029. The global medical testing services market includes a wide range of diagnostic and laboratory services that are essential for detection, monitoring, and evaluation of treatment across healthcare settings. This market is essential to support healthcare delivery by providing accurate…
Greg Caesar, senior director and partner at Medfluence Advisors, a custom healthcare consulting firm; Getty The healthcare landscape has changed dramatically since I first walked into an operating room in the early 2000s. Over the past two decades, with increased corporate participation in the healthcare industry (including the growth of integrated delivery networks (IDNs)), medical device manufacturers and their sales representatives have had to adapt their strategies to address new challenges while meeting the needs of today’s multi-stakeholder healthcare ecosystem. Historical background and changing landscape On my first day as a medical device salesperson, I helped a senior salesperson solve…
Christy Saia-Owenby is the founder and creative director of The MOXY Company. Getty Let’s be honest: Healthcare is challenging for everyone involved. Having worked in the healthcare marketing industry for decades, I’ve seen the unique obstacles patients, physicians, and medical technology companies face, especially when navigating the red tape of healthcare marketing. These challenges highlight the need for a strategy that not only complies with regulations, but also effectively communicates value and innovation. As patients struggle to find the right care and understand their treatment options, doctors, pharmaceutical companies, and medical technology companies are focused on diagnosing medical conditions and…