Large employers report that the biggest threat to self-funding medical coverage is the increasingly high cost of pharmacy claims. In their annual Health Benefits Priorities survey, MBGH found that employers consider pharmacy costs extremely problematic. Ninety-one percent of employers cited million-dollar treatments approved by the FDA, and 89% pointed to specialty drug spending as a top threat.
Source: PSG 2023 Trends in Specialty Drug Benefits Report
Employers already pay
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Health IT | News, Analysis, Insights - HIT Consultant
Report: The State of the Healthcare Employee Experience 2023
What You Should Know:
- Nurses with managers who support their development are 10.6X more likely to stay in their job, according to a new study by Perceptyx, the employee listening and manager effectiveness platform.Nurses who have opportunities for learning in their roles (e.g. upskilling) are 7.3X more likely (and those who have greater career opportunities are 6.2X more likely) to stay with their organizations in the near term.
- The report, State of the Healthcare
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Half of Americans Report Anxiety Before a Doctor’s Appointment
What You Should Know:
- Nearly half (48%) of Americans report feeling anxiety before a doctor’s appointment—up nearly 10 percent from 2022 (39%), according to PatientPoint’s 2023 Patient Confidence Index.
- The survey results released in partnership with OnePoll highlight the importance of treating the whole patient and taking their unique circumstances into consideration, as well as empowering moments that matter for better health.
2023 PatientPoint Patient Confidence Index Key
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How Hospitals Can Maximize Cybersecurity and Travel Nurse Investments
In the wake of the pandemic, the nursing field has continued to suffer large-scale burnout and a wave of retirements. An estimated 100,000 registered nurses have left the field since 2020 due to Covid-related stress, according to the National Council of State Boards of Nursing (NCSBN), accelerating the chronic understaffing crisis that already strained hospitals and healthcare organizations pre-pandemic.
The remaining nurses are caught in a vicious burnout cycle, forced to bear an
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Personalized Patient Engagement Can Help Cure America’s Non-Adherence Problem
Today, more than 131 million Americans – 66 percent of all adults in the U.S. – use prescription drugs, and one in four use three or more, according to the Health Policy Institute. Not only are we being prescribed more drugs than ever before, but we’re paying more for them too: the U.S. has the highest per-capita pharmaceutical spending among the developed countries. In 2021, the U.S. healthcare system spent $603 billion on prescription drugs.
But even as we’re being prescribed more drugs,
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Intermountain to Replace Cerner with Epic Enterprise EHR by 2025
What You Should Know:
- Intermountain Health, one of the largest not-for-profit healthcare systems based in Salt Lake City announced the implementation of Epic’s enterprise EHR platform across the organization by the end of 2025. Intermountain’s current contract with Cerner is slated to end by November.
- The deployment will establish a single, unified EHR platform across 33 hospitals and 385 clinics across seven states to optimize cost savings, patient experience, and interoperability.
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EHR Personalization: Improving Physician Satisfaction & Efficacy
What You Should Know:
Since the Arch Collaborative’s early days, analysis of clinician feedback has identified three pillars key to EHR satisfaction: (1) strong user mastery, (2) an organization-wide sense of shared ownership, and (3) EHR technology that meets users’ unique needs (personalization).This last pillar is the focus of this report. While it is important for physicians to have the flexibility to care for patients and document in a way that fits their workflow, too much freedom
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Balancing AI-Enhanced Automation in Healthcare Revenue Cycle
Typically, hearing the terms “Automation or AI” elicits one of two responses-- an immediate sense of apprehension and avoidance, or a complete overestimation of its capabilities, though in some cases those two responses go hand in hand. However, neither view is particularly helpful as one is trying to understand the tremendous power of this capability and employ it in appropriate places within their business.
The truth is, automation and AI are here and they’re here to stay. Though there are
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The Benefits of a Stand-Alone Care-Management Program
Poorly managed chronic conditions—most of which are related to lifestyle—cost employers $36.4 billion each year in the form of absenteeism and poor productivity. Add in coverage-related and other costs, and that number skyrockets to $575 billion. Coverage costs alone have increased by 47% over the previous ten years.
Research shows that at-risk employees can benefit from care management programs that help them better maintain their chronic conditions, while employers benefit from lower
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M&A: NextGen Healthcare EHR Acquired by PE Firm for $1.8B
What You Should Know:
- Thoma Bravo, a private equity software investment firm has acquired NextGen Healthcare, Inc, for over $1.8B in cash.
- Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The acquisition is expected to close in the fourth calendar quarter of 2023
- Upon completion of the acquisition, NextGen Healthcare’s common stock will no longer be listed on any public stock exchange and will become a privately held
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