On December 6, the Broad College of Business hosted officials from Henry Ford Health Systems for a discussion about the intersection of business and health care. The event, held at Minskoff Pavilion, brought together academic and business leaders from both the MSU Broad College of Business and Henry Ford Health. The objective was to foster collaboration, build strategic connections, and explore innovative solutions to meet the evolving needs of the healthcare industry.The event focused on emerging opportunities in the healthcare products and labor market and provided a platform for participants to share insights and discuss market trends. They also highlighted…
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Welcome back to the annual Hospitalogy Soothsayer Special! As is customary practice at this point, Parth Desai and I have been brainstorming over the past several weeks about where healthcare is headed in the new year. Based on discussions with industry folks, market signals buried in earnings and disclosures, and our often misguided internal dialogues, here are some of our predictions for healthcare in 2025. Have questions or want to get in touch with Parth? E-mail (email protected). Have any of your own predictions or thoughts for the piece? Shoot ‘em over to me at (email protected). AI’s Resurgent Debut in Healthcare’s…
IWe didn't need a tragedy to start a national conversation about a broken health care system and the pain it causes. But the question now is how can we use this moment of collective focus to fully recognize how Americans are underserved by our nation's health care system? And what can be done to fix it? Technology can be part of the solution, or it can exacerbate existing problems. The ramifications of the murder of United Healthcare CEO Brian Thompson are significant. UnitedHealth Group stock fell nearly 15% in the days following the shooting. Shares of other insurance companies, including…
aIn the wake of the murder of insurance giant United Healthcare CEO Brian Thompson, Americans are sharing heartbreaking stories of insurance denials that led to more serious illness and death.Experts say the rise in practices such as prior authorizations and automatic insurance denials are making it more difficult for Americans to access health care, and that reforming these practices and building trust in the health care system is essential. He said urgent changes were needed to recover.”Obviously, killing someone is morally reprehensible, and vigilante justice is not justice. But I'm not particularly surprised by the outrage expressed against America's health…
In response to hospital capacity challenges brought on by the COVID-19 pandemic, the Centers for Medicare and Medicaid Services (CMS) is collaborating with outside experts to improve home acute hospital care (AHHCAH). Founded the initiative. The initiative expires Dec. 31 unless Congress extends it. After three years of implementation, early insights into quality, cost, and care have begun to shape the future of this program and initiatives like it. CMS originally launched the Hospitals Without Walls initiative in March 2020, using authority under the Social Security Act that allows the Secretary of Health and Human Services to waive or modify…
Elizabeth Kiehner is Nortal's CGO. getty Although the expansion of AI is still in its infancy, 2024 marked an explosion of advances in this field. This year was widely seen as the year in which we would see major advances in the medical field with the help of AI. Many are setting ambitious goals and envisioning a future of fully automated diagnostic tools and precision medicine tailored to each patient. Now that this year is coming to an end, let's take a look back at our current situation. Although great progress has been made, a fully AI-driven healthcare system remains…
Luigi Mangione, the suspect in the shooting death of United Healthcare CEO Brian Thompson, speaks out against the healthcare industry outside a federal criminal court as he appears for his arraignment hearing in New York City on December 19, 2024. People demonstrating. John Lamparski/Getty Images Hide caption toggle caption John Lamparski/Getty Images Healthcare companies will end 2024 in a difficult situation. But some of the pressures they face have been building all year long, or even longer. The murder of UnitedHealthcare CEO Brian Thompson this month put his company and its industry in the spotlight. It also sparked widespread consumer…
The U.S. Department of Health and Human Services (HHS) Health Sector Cybersecurity Coordination Center (HC3) says hackers are currently conducting credential harvesting campaigns targeting recipients in the health sector, in addition to recipients in other industries. I made it clear that. The agency has issued recommendations for necessary protection and mitigation to help organizations minimize their risk against such attacks. Credential harvesting is a technique used by cyber attackers to unknowingly collect legitimate usernames and passwords from victims for use in future attacks. This could result in fraud, data theft, disruption of critical systems, or other malicious effects. Through this…
In a closed-door discussion, healthcare industry leaders reviewed current industry issues, pending legislative proposals, and looked to the future. Continuing pressures within the healthcare sector, the need to protect and improve patient access to care, and the national landscape post-election — these are three key themes at the 2024 Health Leaders recently held in Washington, DC. It was on the minds of chief financial officers at the CFO Exchange. , area. How do these forces impact the nation's health system chief financial officers, and what do they portend for 2025? In a private discussion sponsored by Bank of America, a…
Written by Michel Dura Baume and Claire Collins Pitt nursing student Hope Kearns and resident Roselyn Baum at Willows Nursing Home in Oakmont, Pennsylvania. When coronavirus disease (COVID-19) emerged in early 2020, nursing homes became the epicenter of the pandemic. Overcrowded long-term care facilities found themselves unable to cope with rapidly increasing infections and deaths among their residents. Overworked staff lacked personal protective equipment and were emotionally taxed by the events they witnessed. The refrigerated truck serving as a makeshift morgue was splashed across news outlets across the country and remains a haunting image of the time. A combination of…