What You Should Know: - Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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Hospital Sustainability Demands that Revenue Integrity Move Front and Center
Razor-thin operational margins coupled with substantial and ongoing losses related to COVID-19 are culminating in a perfect storm of bottom-line issues for U.S. hospitals and health systems. A study commissioned by the American Hospital Association (AHA) found that the median hospital margin overall was just 3.5% pre-pandemic, and projected margins will stay in the red for at least half of the nation’s hospitals for the remainder of 2020. The reality is that an increase in
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8 Common Characteristics of Successful Standalone Hospitals
The Chartis Group shares 8 characteristics of successful independent hospitals and provides an assessment for hospital executives. Over the last 20 years, the percentage of U.S. hospitals over 200 beds, that are part of health systems, has risen from 56 percent to 77 percent. This trend continues as local regional and national health systems expand in search of greater scale, financial stability, and market presence. This seemingly inexorable trend towards systems expansion has caused industry
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KLAS Report Finds Chartis Group, ECG, Impact Advisors Top Consulting Firms for Vendor Selection Beyond EMRs
The Chartis Group, ECG(Kurt Salmon), and Impact Advisors stand out as the top consulting firms for helping healthcare providers select systems beyond EMRs, according to a recent KLAS report. The KLAS report, "Crucial Factors to Consider When Choosing A Consulting Firm," reveals Cerner’s acquisition of Siemens’ healthcare IT, the sunsetting of McKesson Horizon, the release of MEDITECH 6.0, and the continued record-breaking pace of healthcare mergers and acquisitions—have caused many providers
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