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Regina Herzlinger, Nancy R. McPherson Professor of Business Administration at the Harvard Business School, emphasizes the importance of education in promoting innovation in healthcare. She highlights the need for healthcare organizations to consider the six exogenous forces of innovation, including competition, financing, technology, accountability, public policy, and consumer ratings. She also stresses the need for healthcare organizations to have a portfolio of revenue and supply sources, and the potential for technology to improve healthcare technology. Additionally, Herzlinger argues that education is crucial for sustaining innovation, particularly in the areas of technology, cost control, and consumer involvement.

Last summer, The Wall Street Journal published an article reporting on a study by academic economists at Yale and the University of Chicago that reviewed the impact of hospital mergers.a The study’s authors argued that hospital mergers triggered a wave of layoffs by employers in surrounding communities. That finding caught my interest, so I read…

In the past few years, healthcare leaders have not only struggled with investment and adoption of new technology, but also have faced staffing shortages with nurses and physicians. Learn key questions and essential strategies to create a positive impact within your hospital or health system.

Labor shortages will not abate anytime soon, and healthcare leaders must have a strategy in place to leverage automation to generate savings and promote operational stability. AP automation is one area ripe for opportunity.

In 2023, the number of reported data breaches in the U.S. rose to an all-time high of 3,205, a 78% increase from 2022, while the average cost of a healthcare data breach hit $10.93 million. Read this article to learn what five key questions CFOs should ask CISOs to understand the threats and risks — and how to support resilience.

Check out this company's customized leasing and financing solutions, enabling clients to invest in critical equipment and infrastructure while prioritizing growth and maintaining financial flexibility.

This roundtable brought together a number of healthcare industry leaders to discuss challenges and solutions for effectively sharing medical record data with payers. Roundtable participants also say they hope that offering insurers direct access to clinical information can potentially eliminate some of providers' administrative burden of constantly responding to records requests, but that is yet to come to fruition.

OSF HealthCare in Peoria, Ill., has named Kirsten Largent, CPA, as its new CFO, while Bartlett Regional Hospital in Juneau, Alaska, has promoted Joe Wanner, CHFP, FACHE, MBA, to the position of CEO, and Madison County Health Care System has promoted Audra Ford, MHA, to the position of CFO.

Medicare payments to hospitals for outpatient services will rise by 2.9% in 2025, according to a final rule published Nov. 1. The update is derived from a 3.4% increase in the market basket and a reduction of 0.5 percentage points as required based on the economywide productivity adjustment. Any hospital that does not fulfill quality-reporting…

Bloomberg Philanthropies is investing in youth to address healthcare's talent shortage, creating "healthcare high schools" in 10 cities across the country, which combine classroom learning with hands-on experience and the opportunity to earn industry certifications and college credit.