Hospital Vending

First a personal disclaimer:  I really dislike vending machines.  I travel a lot, in and out of facilities every week.  Vending machines never have anything I eat when I want to eat it.  They are filled with sugary and salty snacks and sugary beverages; occasionally, with the one or two healthy options of a bag

By |June 15th, 2017|blog, Vending|

Let’s Manage the Antibiotic Misuse

Regulatory Compliance Part 2: The misuse of antibiotics in hospitals is prevalent.  It is estimated that up to 50% of antibiotic use is unnecessary or inappropriate leading to increased costs, adverse medication effects, rise in C. Difficile, and increased resistances. In June 2015, The White House organized a forum on Antibiotic Stewardship bringing together over

Project REFRESH – rehaul of the accreditation process by the Joint Commission

Regulatory Compliance Part 1: Last year, TJC announced a major overhaul to the accreditation process in an initiative called Project REFRESH.    The core principles of the new accreditation process are: simplification, relevance, innovation, and transparency.  Essentially, the goal of the refresh is to simplify the survey process, post survey follow-up, and recommendations so that an

Unlocking Value from Healthcare Real Estate, Part 2

In the second part of our look at health system real estate we’ll look at some additional trends health systems are facing.  Moody’s Investor Services maintains a stable outlook on the nonprofit and public healthcare sector based on expected cash flow growth and patient volume moderation.  Unlocking cash from real estate is an attractive vehicle

By |February 6th, 2017|blog, Soriant Source|

Understanding Costs is Key to Value-Based Healthcare Reimbursement

While it’s virtually impossible to predict the timeline for the transition of healthcare reimbursement from fee-for-service to value based, there is absolute certainty that the impending shift will place significant downward pressure on a provider’s financial performance. Attempts to grow lingering FFS volumes and profits cannot keep pace with the reimbursement shift to value-based reimbursements.

Unlocking Value from Healthcare Real Estate, Part 1

Health systems are facing more pressure than ever on sources of hospital revenue. Hospital cash flow, though strong the last couple of years, is expected to moderate to historical lower levels of three to four percent growth.  Health systems will need to identify alternative sources of cash to make investments to transition from fee-for-service to

By |January 11th, 2017|blog, Soriant Source|

Value Based Health Care – Ready or Not

No one working in healthcare can deny the shift that’s occurring from volume-based to value-based patient care and reimbursement.  The pace varies depending on your market demographics, but the change itself is undeniable. The shift toward value-based healthcare impacts every payor category – federal and state based programs as well as commercial payers are placing

Dealing with Data in Today’s Healthcare Setting

The medical industry has always collected a huge amount of data.  This has evolved from paper laden processes into today’s massive electronic data stores.  The information is often corralled into different repositories controlled by individual doctors’ surgeries, hospitals, clinics and administrative departments. Hospitals are being driven to invest in analytics for many reasons, but two

By |November 29th, 2016|blog, Soriant Source|

Improving Patient Experience – No Longer a “Nice to Do” on Your List

When Centers for Medicare and Medicaid Services introduced the Hospital Value-Based Purchasing Program in FY2013, the direct link between patient experience and hospital financial performance was proven. This program rewards – or penalizes, hospitals based on a combination of core measures, hospital-acquired conditions and the facility’s score on the Hospital Consumer Assessment of Healthcare Providers

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