How a Demand Management Assessment of Your Hospital Laboratory Can Help Improve Quality, Reduce Costs

04/28/22

Laboratory testing is used across all care settings and specialties for screening, diagnosis and disease management, and has a significant impact on care outcomes and costs. While hospitals work to improve the health of their patients and communities, they continue to be confronted with financial pressures stemming from the COVID-19 pandemic, such as lost revenue and increased costs associated with labor and treating COVID patients. Hospital laboratory leaders tasked with identifying cost savings may come up short by focusing on traditional, often-used methods such as price reductions, improved contracting and inventory management. Shifting your focus to demand management can be an effective way to secure laboratory cost reductions while supporting physicians, improving outcomes and remaining abreast of emerging science.

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Beyond Leadership: Five Factors to Sustaining Health Care Improvement

03/22/22

Many health care organizations can achieve top performance across multiple domains for a short period of time. However, sustaining those achievements year after year has often proven elusive. For the past 15 years, Vizient has evaluated the performance achievements of academic medical centers in Vizient’s Quality and Accountability ranking and compared the practices of consistent top performers with those of peer institutions with less consistent success. Here's what we learned.

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The New Public Health Imperative for Hospitals

02/24/22

Hospitals have always been the organizations that truly matter when it comes to healthcare delivery. And now, highlighted by COVID, hospitals have become the organizations that truly matter when it comes to public health. Moving forward, hospitals will be asked by communities across the country to be the organizations that deal with a broader set of national problems related to the well-being of patients and communities.

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AI, Breast Cancer, and a New Mindset for Healthcare

02/14/22

AI is a new idea, one that even data experts don’t fully understand. It requires big data, expertise, resources and a new view of the role healthcare plays in improving health and preventing disease.

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Amazon Doubles Down

02/01/22

The third quarter of 2021 was not a good one for Amazon’s financial performance, and Amazon says that the fourth quarter will likely be worse. Confronting a sharp decline in revenue, almost any business would look to cut costs—to reduce operating expenses and delay or cancel expensive capital initiatives. That’s business school 101. Amazon is taking a different approach. With the COVID crisis entering its third year and continuing to demand the immediate attention of hospitals, executives should look closely at Amazon’s example.

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Time to Evaluate Your Hospital’s Laboratory Courier Capabilities: 5 Good Practices for the New Year

01/25/22

It’s a new year and a great time to make sure that your hospital’s or health system’s laboratory courier system—the lifeblood of your laboratory outreach program and critical for operational and financial success—is fine-tuned for 2022. Here's five good practices for the new year.

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Sustaining Virtual and Digital Health Beyond the COVID Pandemic: Strategic Questions for Health Care Leaders

01/19/22

As hospitals grapple with how virtual and digital health will change the health care landscape, it’s hard to ignore its continued influence and disruption since the COVID-19 pandemic began nearly two years ago. Care models were operationalized in virtual environments at an exponential pace, and this dramatic shift has forced a reimagination of how to better meet patients’ needs. Vizient and its subsidiary Sg2 explored the rate of adoption nationwide, and how virtual and digital health was stood-up or expanded in response to COVID.

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Hospital Surprise Billing Regulations Effective Now: Here’s What you Need to Know

01/10/22

While 2021 ended with uncertainty around the future of the Biden Administration’s Build Back Better Act and the return to any sense of normal, we entered 2022 with the start of hospitals’ and other health care providers’ required compliance with surprise billing regulations. Because we know Vizient members and providers throughout the country have been overwhelmed by the COVID-19 pandemic, here’s what you need to know. 

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The Workforce Challenge Is a Segmentation Challenge

12/17/21

In my conversations with senior executives at healthcare organizations around the country, I find that leaders have three critical topics on their minds: workforce, workforce, and workforce.

 And no wonder. 

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The Future of Health Care is Connection

12/15/21

A few weeks ago, I had the privilege of welcoming our members, suppliers and staff to the Vizient Connections Summit, our first in-person event since the start of the pandemic. The conference centered around the concept of unity, which was palpable in the excitement of peers and colleagues from all corners of the health care industry reuniting for the first time in too long. Not to mention the word Unite in big block letters sprawled across every screen. But as the ballroom filled and the noise of conversation swelled, I found myself captivated by a different word just above those big block letters – Connections.

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