The healthcare industry has just experienced its biggest disruption yet—the impact of COVID-19 rattled the industry by driving intense transformation and adaptation in all aspects of patient care. According to the American Hospital Association, the healthcare industry lost over $200 billion dollars in 2020. In a time when patients were not seeking out healthcare for fear of getting sick,
Investing in the right digital tools can help healthcare organizations attract new business, get paid faster, and provide better patient care. The rapid advancement in technology has wedged a large gap between patients and providers. To close this gap, providers must meet patients where they are, and that means having a presence in the digital space.
Health. Tuesday’s decision by the Third Circuit Court of Appeals officially ends the NJ hospitals’ plans to merge.
Some people refer to it as the “Big Quit,” while others call it “The Great Resignation.”
If you missed the ”60 Minutes” segment on Sunday, January 9th, it discussed why more Americans are quitting their jobs. Many businesses are having difficult finding skilled workers to hire. To summarize the segment:
- More and more “baby boomers” have decided to retire and not go back to work
- Many moms decided to stay home and not go back to the workforce
- Others relocated to areas with more affordable housing,
A 2021 law drafted as a compromise between tax-exempt non-profit hospitals and the NJ municipalities in which they’re located is being challenged by a lawsuit. State legislators tried to address the dispute, where billion-dollar hospitals paid little to nothing in property taxes, with the law. A 2015 court ruling found that Morristown Medical Center was liable for taxes as a result of operating in large part as a for-profit organization.
A recent rise in ransomware attacks shines a spotlight on the importance of cyber security for healthcare providers and their practices.
Microwize Technology, a privately held healthcare IT consulting firm in Paramus, NJ, cautions healthcare providers of all sizes not to take security lightly, especially now. The steady increase of news articles describing cyberattacks and ransom payments should concern any business.
The US’ largest health insurer, UnitedHealthcare, is delaying a controversial new policy. Emergency room visits considered “non-emergent” may be partially or fully denied coverage. The policy to deny claims was set to go into effect on July 1. However, UHC is now delaying implementation at least until the pandemic is over.
American Hospital Association president Richard Pollack rebuked the plan in a public letter to UHC’s CEO.
Big retail companies like Walmart, Amazon, CVS, and Walgreens are investing more in telehealth. What can this mean for the future of the healthcare industry?
Did you ever stop to think that what happened in the food industry could happen in healthcare? There’s no question that the big boys are moving in,