You might think the recent bank failures are a novelty or an anomaly or even a surprise, but there has been a total of 71 since 2013. According to the Federal Deposit Insurance Corporation, between 2001 and 2023 there were 564 bank failures — almost 25 per year. How could bank closures affect your health care practice? There are 7 questions and 3 actions you should consider.
> Continue ReadingA well-developed and comprehensive succession plan will help ensure smooth transitions within a business during times of change. Its importance cannot be understated, as having a solid plan in place can mean the difference between the success and failure of your business.
> Continue ReadingWhen healthcare dashboards and the corresponding KPIs are used, they gather real-time data and consolidate it in a meaningful manner so it’s clear and consistent. That way, stakeholders can identify and quantify issues before they become critical.
> Continue ReadingMany healthcare organizations continue to face falling reimbursements and rising costs. Add in staffing shortages, supply chain disruptions and higher interest rates, and budgeting has never been more important.
> Continue ReadingImproved profitability. Increased clarity. A talented and dedicated pool of employees. Defined structure. A less stressful and chaotic environment. These traits are not simply a pipe dream for health care organizations. Each one — and more — can be achieved by doing one thing: planning.
> Continue ReadingRural communities in the United States have long faced unique challenges when it comes to healthcare. These communities suffer from significant issues such as limited and insufficient health services and resources, a shortage of available providers, long distances between rural communities and health care providers, and inadequate infrastructure.
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