Financial Management
Mayo Clinic has four operating units to create new tools, processes and businesses. The Division of Systems and Procedures is a consulting unit responsible for designing and implementing large and small process improvements. The Center for Innovation uses 'design thinking' to create new models of…
Given economic and industry trends related to the worldwide financial markets, the nation's economy, and U.S. health care reform, access to external capital has become more important than ever for hospitals nationwide.
The economy is taking its toll on the patients and communities hospitals serve. For the majority of hospitals: The proportion of emergency department patients without insurance is increasing. A higher proportion of patients are unable to pay for care and many hospitals are seeing more patients…
Data from the 2008 AHA Annual Survey – which would have only picked up the very beginnings of the economic crisis – show a marked deterioration in the financial health of hospitals. Data from subsequent AHA surveys in 2009 indicate challenges continue.