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Why Employee Engagement is Important in 2023

15Five

Jacob Morgan , author of The Employee Experience Advantage , examined the financial data of hundreds of companies and found that those that invest in employee experience had more than 4 times the profits and 2 times the revenue. This is critical in the healthcare field, where patient outcomes rely on a fully-staffed care team.

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Making Hospital Partnerships Work

Harvard Business Review

In today’s health care landscape, consultants often advise independent hospitals to merge with a larger health system. Our institution — Silver Cross Hospital in New Lenox, Illinois — is taking a different approach: pursuing partnerships. Many of them want to share responsibility in how the hospital is managed.

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Health Systems Need to Completely Reassess How They Manage Costs

Harvard Business Review

hospitals and health systems experienced an average 39% reduction in their operating margins from 2015 to 2017. This was because their expenses grew faster than their revenues, despite cost-cutting initiatives. Contracted services account for significant fractions of all hospitals’ operating expenses.

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Why Hospitals Need Better Data Science

Harvard Business Review

Airlines are arguably more operationally complex, asset-intensive, and regulated than hospitals, yet the best performers are doing a better job by far than most hospitals at keeping costs low and make a decent profit while delivering what their customers expect. katyau/Getty Images. Here are a few examples: Increasing OR utilization.

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How U.S. Hospitals and Health Systems Can Reverse Their Sliding Financial Performance

Harvard Business Review

Since the beginning of 2016, the financial performance of hospitals and health systems in the United States has significantly worsened. To be financially sustainable, hospitals and health systems must revamp their strategies and insist that their investments in new payment models and physician employees generate solid returns.

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A Passion For Private Aviation

Chief Executive

Headquartered in Oxford, Mississippi, NICHOLAS AIR blends elements of Southern hospitality with pure business acumen to create a program designed for what Correnti calls “the most refined set of private flyers.” A customer base that is undeniably passionate about the brand and the quality of the personal relationships they have with the team.

Media 40
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Britain’s Patient-Safety Crisis Holds Lessons for All

Harvard Business Review

The “Berwick Report” reflects on serious problems at the Mid Staffordshire NHS Foundation Trust that arose over several years, and the abysmal care received by patients at the trust’s Stafford Hospital in Stafford, England, during that time. I still see examples of what happened at Mid Staffs in even the best of hospitals.