Diversicare Healthcare Services Inc.’s Post

VHS President & CEO Mark Klyczek was recently included in an article for Becker's Healthcare on career lessons from 90 healthcare executives. Participants answered, "What is the most important lesson you've learned throughout your career?" "... One of the most important lessons I have learned is that more than one thing can be true at the same time. This was primarily evident during COVID, when we were giving great care, and meeting all regulations (which were changing daily in long-term care), however patient outcomes for many individuals were not positive. Having this realization helped me to focus not only on the negatives, but the forward motion we had generated, which led us to exiting the pandemic with clarity and many initiatives underway, which improved our overall performance in 2023," Mark said. "Not only did we have positive financial performance, we achieved the lowest nursing turnover rates in our region along with the highest quality scores. Nearly every day, whether in a positive or negative direction, the reality of multiple truths is evident in our work." Mark will be a participant during the Becker's Healthcare CEO + CFO Roundtable in November. Read more career lessons from 90 healthcare leaders: https://bit.ly/3X0WOZk #BeckersHealthcare

As I hit the road to the J.P. Morgan Nashville Leadership Summit, I find myself reflecting on the yesterday’s announcement of Walmart shuttering its healthcare business. This news, while significant, isn't unexpected. It's yet another chapter in the ongoing saga of non-traditional players grappling with the complexities of healthcare delivery. From the ambitious collaboration of JP Morgan, Berkshire Hathaway, and Amazon (remember Haven?) to the likes of Microsoft HealthVault and Google Health, the narrative repeats itself: outside companies entering healthcare, only to exit later with little impact. The question begs: why? The answer, I believe, lies in understanding the essence of healthcare delivery. Consumers yearn for convenience and affordability, particularly in underserved areas like rural America, where Walmart often serves as a lifeline. However, the core desire for healthcare transcends mere accessibility. It hinges on trust, continuity, and a deeply ingrained relationship with one's healthcare provider. While retail giants like Walmart excel in delivering goods and services, the intricacies of healthcare provision are vastly different. Consumers may appreciate the convenience of a one-stop-shop, but when it comes to matters of health, they prioritize expertise and personalized care. (This created a demand-side problem for Walmart.) What these repeated failures highlight is not a lack of effort or innovation but rather a fundamental mismatch between the expectations of consumers and the capabilities of new entrants. Healthcare isn't merely a product to be sold; it's a deeply human experience rooted in trust and expertise. As we reflect on Walmart's exit and the broader landscape of healthcare innovation, let's acknowledge that the solutions to our healthcare challenges won't come from disruptive newcomers alone. Yes, our system needs fixing, but it requires a nuanced approach that addresses the root causes of inefficiency and inequity. We must focus on fundamental reforms that prioritize quality outcomes and cost-effectiveness. It's a journey that demands time, patience, investment, and hard work. Yet, amidst the setbacks, I remain optimistic that we are making progress, one step at a time. As we push for meaningful change, we must stay grounded in the needs of those we serve while acknowledging the constraints of our current reimbursement model. Reimbursement drives the system. (This contributed to the profitability problems cited by Walmart.) While working within these constraints, we must strive to better align the model with accountability on outcomes, cost-effectiveness, and the growing need for efficiency due to staffing shortages. (The staffing problems Walmart experienced.) Join me in this conversation as we strive to redefine the future of healthcare, one ambitious yet thoughtful step at a time. #HealthcareInnovation #Walmart #TimeforBetter #PatientCentricCare #QualityOutcomes #JPMorganHealthcare Morgan Reed

Honored to connect with hospital leadership, thought leaders, and innovators who tirelessly support healthcare professionals and their teams at Minnesota Hospital Association’s leadership conference. At Associated Healthcare Credit Union, our legacy spans 71 years of partnering with hospitals, systems, and other heathcare employers to enhance the financial well-being of their team members. We understand their vital role and are committed to supporting them. In just two days, I've gained an even deeper understanding of the challenges hospitals face and the need for our complimentary financial well-being resources to lift financial stress from healthcare heroes. I am also inspired by the hospitals commitment to supporting all team members. Whether it’s through exploring AI to allow clinicians to focus on patients, or ways to share appreciation, it’s heartwarming to see the empathy and commitment hospitals have for their employees. The timing of this conference is outstanding, especially since my role with AHCU expanded earlier this month. Please let me know if you know of a healthcare employer interested in learning more. It's both a professional and personal mission to help employers provide free benefits to improve productivity, show appreciation, and increase the financial well-being of healthcare professionals and their families. Let's ensure the financial wellbeing of those who care for us all. Please share your thoughts on how we can help hospitals and their teams. It takes a village! To get us started, consider thanking a hospital leader for their dedication. They have a lot on their plates. Appreciation goes a long way. #Healthcare #FinancialWellbeing #Hospitals

"The biggest advantage at SpendMend is our insight and visibility. And what I mean by that, anyone can tell you what they found and how they found it- it's the WHY they found it that should matter most. Educating upstream or downstream because, 9 times out of 10, everything falls on APs lap, but they're not the single source of truth. You have to go back to what was harboring that control gap to actually implement process improvement. And we provide you with that education." -David Hewitt, Senior VP of Sales at SpendMend To hear more from David on why Hospital Profit Recovery Audits are so important, listen to Episode 95 of The Healthcare Leadership Experience: https://lnkd.in/eqW766Ue #recoveryaudit #hospitals #education #healthcareleadership #costcyclemanagement #dataanalytics

Georgia Trend named Shane Jackson, president of Jackson Healthcare, one of the most influential leaders in Georgia! The publication just released its GEORGIA 500 issue, which recognizes leaders from both the private and public sectors who best demonstrate innovation, vitality and success across the state’s business landscape. This marks the second consecutive year that Shane has been selected for the special distinction. Please see the full announcement below for more information and to read the feature on Shane:

Healthcare Heroes: Leaders Shaping the Future Spotlight on Amanda Buirge: Mastering Financial Leadership in Healthcare As the Chief Financial Officer of Prime Healthcare's Roxborough Memorial Hospital & School of Nursing, Amanda Buirge stands as a pillar of financial acumen. Her stewardship has been pivotal in navigating the hospital through the complex financial landscapes typical of modern healthcare. Buirge's effective strategies in budgeting, financial reporting, and revenue cycle management have not only ensured the hospital's financial health but have also supported high standards of patient care. Under her leadership, Roxborough Memorial Hospital has thrived, reflecting a model where financial stability and quality healthcare coexist seamlessly. Amanda's commitment is evident in her drive to secure the necessary resources to advance facility modernizations and technological enhancements, thereby improving patient outcomes and satisfaction. Recognized in Becker's Healthcare as one of the "149 Black Leaders to Know in 2023," Amanda's impact extends beyond mere financial metrics; it resonates in the very community her hospital serves. Her insights on financial sustainability in healthcare are shaping how hospitals operate within their means while maximizing care quality. #HealthcareHeroes #FinancialLeadership #SustainableHealthcare #PatientCareExcellence

In healthcare, the bond between a CEO and CFO is crucial for success. KSB Hospital CEO, Dr. David L. Schreiner, Ph. D., FACHE, and CFO, Austin B. Frazier, Jr., FACHE, demonstrate how open communication, trust, and a bit of laughter can create a vibrant organizational culture. Their insights are timely as KSB Hospital prepares to merge with OSF HealthCare. "We can always be better in executive communication," says Dr. Schreiner. Learn more about their approach and the evolving role of CFOs in the full article: https://bit.ly/3UNpvGo #HealthcareLeadership #CEOCFOBond #LeadershipInsights #HealthcareMergers #OrganizationalCulture

Are you at the American Hospital Association Rural Healthcare Leadership Conference? Or maybe just enjoying the beautiful weather in sunny Orlando…Connect with Shane Hollander and Joe Monica at the M3 | Healthcare Talent Solutions to see how PracticeMatch can help your organization with your Physician Recruitment needs.

Are you at the American Hospital Association Rural Healthcare Leadership Conference? Or maybe just enjoying the beautiful weather in sunny Orlando…Connect with Shane Hollander and Joe Monica at the M3 | Healthcare Talent Solutions to see how PracticeMatch can help your organization with your Physician Recruitment needs.

Are you at the American Hospital Association Rural Healthcare Leadership Conference? Or maybe just enjoying the beautiful weather in sunny Orlando…Connect with Shane Hollander and Joe Monica at the M3 | Healthcare Talent Solutions to see how PracticeMatch can help your organization with your Physician Recruitment needs.