Category: Category Insights

Dialysis is a necessary procedure that allows nearly 500,000 patients in the United States with kidney failure the opportunity to live normal, productive lives. The treatment removes waste, salt, and extra water when the native kidneys are no longer able. Though there are several types of dialysis, the most common is Hemodialysis, in which blood is removed from the body, run through a dialyzer, cleaned, and replaced into the body. Dialysis takes three hours to complete and is offered by health systems as inpatient and outpatient treatments.

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To ensure there’s no disruption to patient care or billable services, covering open, or even absent, healthcare positions is critical. According to Select International, a position vacancy for one physician can translate to an annual loss of $250,000 to $1.4 million.[1] Cost efficient staffing strategies must be in place to keep services and revenue flowing. In our previous post, we discussed the opportunities for cost-containment in staffing. This post, however, will focus on a specific part of staffing–locum tenens.

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A report by Kaufman, Hall & Associates revealed that the number of hospital mergers and acquisitions increased 55%, from 66 announced in 2010, to 102 in 2016.^[1] Last year also saw a flurry of mergers nationwide, from Kansas to New Jersey, with healthcare systems around the country consolidating in order to maintain their financial viability in an era of legislative uncertainty  and marketplace volatility. Both independent and newly acquired hospitals are actively seeking areas for cost-containment to strengthen their bottom lines. One way to do this is to closely examine all purchased services expense categories (over 1,200!) for hidden savings opportunities. In this post, we’ll discuss, specifically, the category of staffing and what to look for when researching this category. 

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In previous posts of this series, we learned about why hospital document management matters and talked about three of the four main categories of healthcare document management:

Storage

Scanning

Shredding

Today’s post focuses on the last aspect of healthcare document management: printing.

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Do you know how many reference labs your hospital is using? If its a question you havent considered, youre not alone: most hospital executives arent aware of how many reference labs their hospitals rely on. We pulled the average number of reference labs being used across the 60+ hospitals within Valify, and Im surprised to inform you that its 15 unique vendors.

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