Daniel Sinnott, CEO of his eponymous executive search firm, wrote a thoroughly excellent piece on how healthcare CEO searches should adapt to find more appropriate candidates. Leadership is a struggle in these difficult industry times for healthcare, and the head of an organization influences much of the hard-to-change but needs-to-change aspects of the care giving business. […]
Earlier this month, Florida Governor Rick Scott vetoed three telemedicine funding initiatives. Becker’s and other media reports did not seem to delve into the back story on the action. In this case, a little speculation might be predictive and helpful to provide broader understanding. Governor Scott has taken considerable criticism from the state’s healthcare industry for […]
There’s an old saw in business to the effect that you can’t trust the customer to know what they want. In other words, a customer cannot envision a solution that does not yet exist. Therefore, it is a professional’s job to invent that solution, rather than wait for the client to describe it, and then try to […]
[See previous post, Hospital OR & Non-HC Service Lines, Part I] Other than utilization of resources (and that’s a huge one), the main difference between the multi-billion-dollar a year beverage manufacturer and a sub-4% margin hospital? The rigor with which a service line is managed each day. This intensity extends to the study and analysis executed by […]
Running a productive OR is an essential competency for hospitals since the Operating Room Suite (OR) provides the average hospital with 40% of its annual revenue, the largest single departmental percentage in the hospital. As hospitals adjust their procedure prices to become more transparent and competitive, they must follow traditional rules of economics: Profit = Revenue – […]
June 20, 2014
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