CEOs: survival tips for the tough times ahead.
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Biomedical subjects
Publications and source records attributed to J Johnsson.
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A great deal has happened in the imaging area this year. Our imaging special report examines changes in the field: from hospitals' new negotiating tactics to the impact of the new Medicare capital payment regulation. In an in-depth report, we examine new trends developing in hospitals' and hospital groups' contracting for imaging equipment purchasing. Then we take a look at how hospitals' technology acquisition strategies--and vendors' research and development plans--are being remolded by the new capital regulation. Finally, we revisit the capital fold-in regulation itself.
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The amount of data available to hospital CEOs is growing exponentially. But these numbers are worthless if executives can't use them to make effective decisions. As one CFO puts it, "Information systems are only helpful so long as you have the management processes that allow you to use the data."
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Hospitals are learning some important lessons these days about managed care contracting. Many are moving away from automatically signing every managed care contract that comes their way. Instead, they are planning carefully for the future by developing an overall contracting strategy and by using a variety of techniques to save money.
There are a number of classic warning signs that a CEO's firing is imminent, experts say. Chief among these: when the board or a board component begins meeting without the CEO; or when unhappy trustees redirect the administrator to change policy or reconsider decisions.
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Franklin (NH) Regional Hospital is a tiny rural provider with a huge commitment to its community. In the past five years, the 49-bed hospital has pumped nearly $1 million into social and educational programs. The ambitious outreach effort is a key reason why Franklin recently won the Foster G. McGaw Prize, presented by the Baxter Foundation, Deerfield, IL, and the AHA.
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What makes for a successful hospital turnaround? The answers are a lot more than just financial in nature. To underscore the point, the winners and finalists in the first Hospital Turnaround of the Year Contest, sponsored by Hospitals and Coopers & Lybrand, offer a diversity of solutions. Institutions of all bed sizes, from all areas of the country, and of all different types have proven that turning a hospital around requires the input and collaboration of every sector of the hospital and strong leadership from top management.
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