Whether you call it the great resignation, pandemic burnout, or the great discontent, the medical profession is not immune to the rising wave of employee turnover that's currently shaking up organizations across industries. In fact, the churn rate for staff nurses has grown by nearly 3% to just under 19%, costing hospitals between roughly $4 million to $6.5 million annually. Among physicians, 69% report feeling disengaged and 54% say they're planning to leave their current employer, with each
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Decentralized Clinical Trials: Keys to Optimizing Diversity and Inclusion
The U.S. pharma industry and research intuitions have long struggled with increasing clinical trial diversity in an effective, sustainable, and scalable fashion. Clinical research, in general, acknowledges the universal struggle of recruiting enough participants from various demographic groups. For example, racial and ethnic minorities have been historically underrepresented in clinical trials—a problem that still persists today.
According to Deloitte, African Americans comprise 13% of the
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Personalized Screening is Key to Breast Imaging AI Market Reaching $205M by 2025
As October draws to a close, so does Breast Cancer Awareness Month (BCAM), or National Breast Cancer Awareness Month (NBCAM) as it is known in the US. Breast imaging AI vendors are heavily promoting this initiative to raise awareness of the disease and highlight the importance of women attending breast cancer screening appointments. Breast cancer screening programs are an important public health intervention, and initiatives like the BCAM may prompt eligible women to attend their screening
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A State Roadmap To Successfully Deploy Medicaid Modularity (MMIS)
In 2010, the Affordable Care Act ushered in a new era for Medicaid Modularity, an approach anchored by breaking down large, monolith systems into smaller, more nimble and self-contained modules that can de-risk healthcare delivery and unlock innovation. More broadly, Medicaid Modularity is about improving states’ Medicaid Management Information Systems (MMIS).
In 2016, the Centers for Medicare and Medicaid Services (CMS) followed by issuing guidance on how states should move forward with
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Is the Smartphone Key to Unlocking Frictionless Patient Registration?
Since the beginning of healthcare’s digital revolution, organizations have been striving to achieve the Triple Aim of healthcare: better outcomes, lower costs, and improved patient experiences.
While reimbursement reforms and regulatory actions have helped realize measurable gains in population health and overall spending, progress on the patient experience piece hasn’t always been as clear-cut.
Firstly, patient satisfaction is a hard concept to quantify. And the
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How Hospitals Can Help Patients Meet Financial Obligation While Driving Revenue Excellence
Medical debt in the US has reached crisis proportions. According to a recent study published by JAMA Network, unpaid healthcare bills are one of the largest sources of debt for Americans, reaching $140 billion last year. The impact is not limited to patients. Healthcare providers are feeling the pinch as well. On average, uncompensated care accounts for approximately 8% of a hospital’s expenses.
The inability to pay medical bills is strongly correlated with a lack of
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How Healthcare NLP has Evolved from 2020 to 2021
Few industries have embraced natural language processing (NLP) as openly as healthcare. With the ability to identify new variants of COVID-19 and help speed up clinical trials for the vaccine, the pandemic is just one example of what NLP is capable of achieving. And while new research points to NLP budgets growing significantly across vertical industries, locations, company sizes, and maturity levels, healthcare is leading the pack.
Big strides have been made in AI and NLP over the last year,
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Social Determinant of The Healthcare Professional: Why We Cannot Wait
The following list provides examples of the social determinants of health, which influence health equity in positive and negative ways: Income and social protection, Education, Unemployment, and job insecurity, Working life conditions, Food insecurity, Housing, basic amenities and the environment, Early childhood development, social inclusion, and non-discrimination, Structural conflict, Access to affordable health services of decent quality.
Working life conditions refers to the working
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The Role Blockchain Could Play in Strengthening Patient-Provider Relationships
With conversations about NFTs and blockchain prominent in the news today, the future of such technology is a hot topic. The integration of blockchain technology into a variety of industries has proved to be beneficial in productivity, efficiency, and security. Because of this success, it is imperative that the healthcare industry continue to effectively adopt and utilize blockchain technology to improve data security, expand collaborative opportunities, verify the authenticity and safety of
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SDOH In Action: Achieving Financial Sustainability: A Connected Community of Care’s #1 Goal
“Show me the money!” No one old enough to have seen the 1996 movie, Jerry Maguire, will ever forget that memorable phrase. That simple but powerful phrase could apply to every person who punches a clock for a living and just about every business, including community-based organizations (CBOs) and Connected Communities of Care (CCC). For CCCs and other non-profits, a parallel but no less powerful phrase, “No margin, no mission,” also rings true― just ask Sister Irene Kraus of the
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