Chief Healthcare Executive’s Post

It is a sad testament to the state of healthcare in New Yorks State that there are more F rates facilities in New York than anywhere else, and New York does not boast one single A rated facility. I fear the situation will only worsen especially with recent reports that there are more rural hospitals at risk of closure in New York than any other state. NYS leadership needs to step up for the sake and safety of our citizens to provide the healthcare they deserve. https://lnkd.in/er-QZeNP https://lnkd.in/eZhQ7Cp3

Charted: Hospital bankruptcies reach 5-year high According to the report, there were 79 bankruptcy filings in the health care sector in 2023, the highest since 2019, which saw 51 filings. The report found that case volumes in 2023 were more than triple the level in 2021 and more than 1.7 times the level in 2022. #BOMADenver #BOMADenverMetro #DenverMetroBOMA #BOMAInternational #CommercialRealEstate

Nashoba Valley Medical Center faces potential closure on August 31, raising significant concern among local communities and first responders. The closure looms as Steward Health Care, the hospital's owner, has filed for Chapter 11 bankruptcy and is transitioning six of its hospitals to new ownership. Unfortunately, Nashoba Valley Medical Center has no buyer yet. This situation violates Massachusetts state law requiring a 120-day notice before closing a hospital, according to the Massachusetts Nurses Association (MNA). The MNA has expressed worries about the broader impact on healthcare services, noting that other hospitals, already overwhelmed, will have to accommodate displaced patients. Local emergency response times are expected to nearly double, affecting towns like Ayer, Pepperell, and Groton, with patients being transported to hospitals in Leominster, Lowell, Concord, or Nashua, NH. Lawmakers, including Rep. Ayanna Pressley and Sen. Elizabeth Warren, have criticized Steward Health Care's leadership and demanded accountability, while a Senate committee investigates Steward’s financial practices. Our RCM team safeguards healthcare entities from potential closures and financial instability by optimizing revenue cycles, enhancing billing accuracy, and ensuring timely reimbursements. We provide strategic support in navigating legal compliance and financial challenges, helping institutions maintain stability and avoid disruptions like those faced by Nashoba Valley Medical Center. We are the One! #revenuecycle #revenuecyclemanagement #priorauthorization #medicalbilling #medicalcoding #healthcare #healthcaretechnology #accountsreceivables #denialmanagement #consulting #management #implementationpartner Spectrum News 1

Trent Bourland, this article reminded me of you. Check out this impactful article from Becker's explaining why hospital CEOs are nervous. If you're a #ruralhealthcare leader who has sleepless nights about the future of your hospital, definitely let me know. Rural hospital leaders feel like they're getting the short end of the stick when it comes to #Managedcare contracts and #medicareadvantage, along with other obstacles from #labor costs and an increase in employees who are not directly responsible for patient care. Although you may feel alone, just know that we're all in this together. #stayruralstrong #nevergoitalone

Insightful comments on the future of HaH!

Further visability as to the why! Potentially selling Shields after three years is indicative Walgreens just doesn’t get the services business. On top of exiting a rather dense series of markets as Tampa and Orlando also suggests they didn’t get the VBC components as well. You would have thought as they acquired these businesses that they would have retained the original management teams to insure not only a suitable transition but a sustainable model for success. The fact that the executive team is out suggests they blew it badly. It’s a rather impressive failure of a once terrifically performing business. I suspect they will get it resolved but at the expense of billions to its shareholders is somewhat disappointing and extraordinary. I learned this lesson early in my career that when acquiring a new business especially in the services sector make sure to retain the founding management team as everything is anchored there. Brand, relationships, know-how, customers, and just about everything else. Failure to do so will lead to these types of catastrophic outcomes.

Once again, our staff at Cheshire Medical Center is trying to triage a major public healthcare problem. However, this time, it’s not a global pandemic prompting new patient pipeline issues. Instead, it’s about battling something perhaps even more complex — an unprecedented overcrowding situation. Harneet Sethi, MD, chair of Cheshire Medical Center's Emergency Department, explained the nuanced problem in a recent op-ed that appeared in The Keene Sentinel. If you or a loved one has recently required care in the emergency department anywhere in New Hampshire, then you are probably aware of the longer-than-normal wait times. So, the most obvious question — why the wait? Unfortunately, there are no easy answers or quick fixes to this healthcare conundrum. As someone who has dedicated my professional life to serving the urgent medical needs of the Keene community and our surrounding area, I’m compelled to be transparent with you (or residents) about this mounting public health quandary. By making our community members more aware of the nuanced issues surrounding this problem, hopefully, we can work together to correct it. At the most basic level, the overcrowding crisis is about numbers — too many patients, and not enough beds. Currently, Cheshire Medical Center is operating with two-thirds of the inpatient beds unavailable due to “boarding” of both behavioral health and medical patients. Although we are seeing an increase in the number of people entering the emergency department, this is only a portion of a complex predicament. To read the full story: https://lnkd.in/eBemWZxj

That's exactly what this group is - a team. Having team players is key to success. Team players bring a collaborative spirit, a willingness to support others, and a focus on the collective goal. How does your team ensure everyone is aligned with this mindset?

Are you looking to learn how to organizationally launch and grow true virtual wards? Now after over 1000 patients, it is clear Cambridge University Hospitals NHS Foundation Trust, Dr. Iain Goodhart , Gemma Czech and Dr. Andrew Bailey are leading by example both in the model and the implementation engagement, achieving improved outcomes, costs and saving lives. Check out this great info video to further help with the understanding of virtual wards to advance this essential care improving service. https://lnkd.in/erVh7vuv

If the legislature can be extended and enough use cases created to prove the concept so that all Medicare Beneficiaries have access to the "hospital-at-home" model beyond 2027, then not only will the cost of care tremendously decrease at hospitals, but it will provide significant solutions to overcrowded hospitals, increase reach and access to rural areas, decrease hospital readmissions, and improve patient's overall quality of life. Yes, there's still a lot to figure out, primarily the billing concepts, as this is not directly a traditional Medicare Part A Service; perhaps the MLTCs can pick up on this? As someone who had spent much time caring for an ailing family member in their final transition, I have seen tremendous benefits of this concept - primarily making their final time easier, kinder, and more humane - and it gave our family something that can never be taken for granted, seeing more smiles and peace on the family member's face when they were at home - rather than the agony, fear, contempt, and delirium when they were in the hospital. What do you think about the pros and cons of the Hospital Inpatient Services Modernization Act? What needs to be improved/implemented for it to succeed? Is it a good idea or are we way off base and other models be our focus? #hospitalathome #medicare #medicareparta #aginghumanely #hr7053 #Inpatient #hospitalinpatientservicesmodernizationact #medicareadvantageplans #ruralhealthcare #ruralhospitals #ruralhospital #rpm #remotepatientmonitoring