Pharmacy’s complexity problem Gone are the days when a patient would simply discuss a prescription with their provider, go to their local pharmacy, and leave with their medication. As with most areas in health care, yesterday’s streamlined experience is a far cry from today’s reality. Much more is happening behind the scenes due to the […]
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As average nursing turnover reaches unsustainable peaks, outlier med-surg units have been able to sustain, or even decrease, their pre-pandemic turnover. These “unicorn units” are reporting turnover rates as low as two percent—eschewing conventional responses to workforce retention which have proven insufficient. Academy Nursing Catalyst experts took a closer look at several “unicorn med-surg units” […]
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Leading Health Systems are facing unprecedented margin pressure and economic headwinds are expected to prevail through 2023. Unfortunately, this has meant tighter budgets for them, longer sales cycles, and a more challenging environment for industry partners. The Academy surveyed the top executives from Leading Health Systems on their top priorities for 2023 and not surprisingly, […]
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For the past few years, payers have been rapidly adopting the Optum playbook: acquiring provider assets to diversify and grow revenue. Today, payers (along with private equity) now employ more physician practices than hospitals. The acquisition of care delivery assets and continued vertical integration has transformed these insurers into “payviders.” According to our models, the […]
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With health systems pursuing cost-cutting measures in tandem with new revenue opportunities, pharmacy offers a frequently overlooked—but high-value—opportunity to meet both needs. Done well, health system-owned pharmacy services improve patient engagement and avoid unnecessary clinical costs. As a bonus, giving patients the opportunity to fill their prescriptions within the health system drives revenue inside the […]
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In our previous article, we discussed the need for a remote work strategy and outlined the key steps to develop a robust strategy. Of the four steps, health system executives repeatedly identify culture as particularly challenging to get right. And we get it. Culture can seem like an elusive and slippery idea. But let’s […]
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Two-thirds of full-time U.S. workers report they would immediately start looking for a new job with flexibility if their ability to work from home was taken away—and 39% would quit.1 Clearly, based on this data and other sources, remote work is here to stay. The COVID-19 pandemic accelerated the move to remote work for […]
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Healthcare has a transparency problem. In the first blog of this series, we looked at this challenge through the patient lens. Now, we pivot to look at how this lack of transparency impacts providers. Namely, providers don’t have decision-support tools capable of optimizing patient care. It’s a lose-lose situation – and it plays out every […]
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In our first article in this series, we talked about building your total rewards strategy. Now, let’s dig into some questions to gut-check whether it is working: Are your employees consistently maximizing the benefits available to them? Are your employees and broader community recognizing your organization’s investments in employee benefits? Is your total rewards […]
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Healthcare’s labor market has never been more challenging. Thoughtful investment in a total rewards strategy is an often overlooked, underutilized way to address your workforce engagement and retention issues. We are all familiar with today’s healthcare challenges. Persistent labor shortages, rising inflation and narrowing margins are crippling health systems’ best efforts to maintain a healthy […]
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