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This is important because most of us work in a hospital and while our department might not be experiencing drug shortages overall if the hospital decreases it’s profits it will affect us. It costs U.S. hospitals $230 million annually just to purchase more expensive generic drugs for shortage drugs Hospitals and health systems try their […]
Read MoreI thought this was interesting so I wanted to share it with our readers. The attorneys general (AGs) of 16 states warn that hospital employment of physicians, which is considered in many quarters to be the inevitable fate of medical practice, is driving up healthcare costs without necessarily improving the quality of care. The AGs […]
Read MoreFailing to effectively communicate with your employees isn’t just bad for business. It also can create a work environment that’s ripe for legal trouble. If you take time to communicate, explain your actions, stay involved and make the workplace seem rational to employees, you will increase your chances of staying out of the courtroom. Below […]
Read MoreAmerica spends a lot of money on the paperwork that makes hospitals run— $218 billion per year, to be exact. That works out to 1.43 percent of the entire American economy is spent on hospitals’ administrative costs. Of every $100 spent in America, that means $1.43 is going toward the billing specialists and schedulers that […]
Read MoreU.S. healthcare spending grew at a moderate rate of 3.6% in 2013, but spending will likely increase at a faster clip in years to come, outstripping growth in the gross domestic product (GDP), according to an analysis released on by the U.S. Centers for Medicare and Medicaid Services (CMS). Calling the rate of growth for […]
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