Attracting and retaining talent is the most critical issue facing the U.S. hospital sector, according to an Economist Intelligence Unit (EIU) survey of more than 300 industry executives conducted for this research program. It is also a widespread problem: 74% of respondents believe their own organisation needs to pay more attention to attracting and retaining the best talent. Only 3% disagree.
To learn more about the research programme, visit http://hospitalresilience.eiu.com/.
From rising costs to an aging population, today’s hospital leaders have no shortage of concerns. However, they are all connected to a single issue—the need to acquire
talent. This emerges from a new Economist Intelligence Unit (EIU) survey—sponsored by Prudential—of more than 300 executives from hospitals of different sizes, locations and structures.
The survey reveals that talent is becoming a more pressing issue. In 2015, when the EIU conducted the first survey of the sector, attracting the best talent was less of a concern than other challenges. Now it is the second-leading issue for the
industry, according to survey respondents.
Part of the problem is that, in a cost-constrained environment, it will not be easy for hospitals simply to increase pay packages to secure top talent. And this challenge is being compounded by an industry-wide shortage of nurses, doctors and other clinical staff.
For many, it is a game of catch-up. “For every vacancy filled, two or more positions come open and need to be filled,” says Julie Hill, Recruitment Coordinator for Tidelands Health and President of the National Association for Health Care
Recruitment.
To compete for talent in this environment, hospitals are finding creative solutions. While remuneration must remain competitive, hospitals are using other weapons in their battle to win recruits, from developing candidates internally to using social
media as a recruitment tool.
Adding it Up - Accounting for the Transformational Power of an Optimized Work...API Healthcare
The white paper, “Adding It Up: Accounting for the Transformational Power of an Optimized Workforce,” sheds light on the growing body of evidence that supports workforce optimization’s impact on staff and patient satisfaction, increased revenue and quality of care.
Lessening the Negative Impact of Human Factors Linking Staffing Variables & P...API Healthcare
In the United States, healthcare is a $2.9 trillion industry, costs $9,255 per capita and consumes 17.4% of the GDP.1 Healthcare is big business, and the way the entire industry conducts business is changing. While hospitals have always been in the business of providing patient care, the care delivery and payment models are undergoing an enormous paradigm shift. It’s no longer about the number of services provided, but instead about the quality of care delivered.
Key Principles and Approaches to Populaiton Health mManagement - HAS Session 21Health Catalyst
Population Health Management is in its early stages of maturity, suffering from inconsistent definitions and understanding, and is overhyped by vendors and ill-defined by the industry. And yet, many systems are moving forward in innovative pioneering ways to address this growing trend. In this session, you will hear from two very different, successful health systems: a physician-led group and a large integrated delivery system. They will share their best practices, learnings, and different approaches to population health management.
In an article for Healthcare Executive, Don Seymour, Kevin Talbot, and Chad Stutelberg share their insight on developing compensation strategies that link executive and physician compensation models to acute care outcome-based payment methodologies.
To lower health costs, physician networks and medical homes must employ a closed loop population management program that focus on patient SOH stratification, chronic disease management, care coordination and incentive management. This approach will enable them to consistently reduce ER and inpatient admissions, which are the greatest expenditures in health care today.
From rising costs to an aging population, today’s hospital leaders have no shortage of concerns. However, they are all connected to a single issue—the need to acquire
talent. This emerges from a new Economist Intelligence Unit (EIU) survey—sponsored by Prudential—of more than 300 executives from hospitals of different sizes, locations and structures.
The survey reveals that talent is becoming a more pressing issue. In 2015, when the EIU conducted the first survey of the sector, attracting the best talent was less of a concern than other challenges. Now it is the second-leading issue for the
industry, according to survey respondents.
Part of the problem is that, in a cost-constrained environment, it will not be easy for hospitals simply to increase pay packages to secure top talent. And this challenge is being compounded by an industry-wide shortage of nurses, doctors and other clinical staff.
For many, it is a game of catch-up. “For every vacancy filled, two or more positions come open and need to be filled,” says Julie Hill, Recruitment Coordinator for Tidelands Health and President of the National Association for Health Care
Recruitment.
To compete for talent in this environment, hospitals are finding creative solutions. While remuneration must remain competitive, hospitals are using other weapons in their battle to win recruits, from developing candidates internally to using social
media as a recruitment tool.
Adding it Up - Accounting for the Transformational Power of an Optimized Work...API Healthcare
The white paper, “Adding It Up: Accounting for the Transformational Power of an Optimized Workforce,” sheds light on the growing body of evidence that supports workforce optimization’s impact on staff and patient satisfaction, increased revenue and quality of care.
Lessening the Negative Impact of Human Factors Linking Staffing Variables & P...API Healthcare
In the United States, healthcare is a $2.9 trillion industry, costs $9,255 per capita and consumes 17.4% of the GDP.1 Healthcare is big business, and the way the entire industry conducts business is changing. While hospitals have always been in the business of providing patient care, the care delivery and payment models are undergoing an enormous paradigm shift. It’s no longer about the number of services provided, but instead about the quality of care delivered.
Key Principles and Approaches to Populaiton Health mManagement - HAS Session 21Health Catalyst
Population Health Management is in its early stages of maturity, suffering from inconsistent definitions and understanding, and is overhyped by vendors and ill-defined by the industry. And yet, many systems are moving forward in innovative pioneering ways to address this growing trend. In this session, you will hear from two very different, successful health systems: a physician-led group and a large integrated delivery system. They will share their best practices, learnings, and different approaches to population health management.
In an article for Healthcare Executive, Don Seymour, Kevin Talbot, and Chad Stutelberg share their insight on developing compensation strategies that link executive and physician compensation models to acute care outcome-based payment methodologies.
To lower health costs, physician networks and medical homes must employ a closed loop population management program that focus on patient SOH stratification, chronic disease management, care coordination and incentive management. This approach will enable them to consistently reduce ER and inpatient admissions, which are the greatest expenditures in health care today.
At the 2014 HFMA National Institute, PYA Principal and Chief Medical Officer of PYA Analytics, Kent Bottles, MD, spoke about the strategies that hospitals and health systems are using to decrease per-capita cost, while increasing quality. In the session, “Achieving Rapid Cost Reduction and Revenue Improvement by Engaging Clinicians and Administrators,” Bottles offered tactics for engagement.
Population Health Management: Where are YOU?Phytel
This presentation explains how population health is fundamental to value-based delivery models, including key principles and definitions of PHM, as well as how to assess your organization’s “population health readiness.”
The Imperative of Linking Clinical and Financial Data to Improve Outcomes - H...Health Catalyst
Quality and cost improvements require the intelligent use of financial and clinical data coupled with education for multi-disciplinary teams who are driving process improvements. Once a data warehouse is established, healthcare organizations need to set up multi-disciplinary clinical, financial, and IT specialist teams to make the best use of the data. Sometimes, financial involvement is minimized or even excluded for a number of reasons that can turn out to be counterproductive. However, including financial measurements and participation up front can help enhance the recognized value and sustainability of quality improvement or waste reduction efforts. the In this session you will learn keys to success and real-life examples of linking clinical, financial and patient satisfaction data via multi-disciplinary teams that produce impressive results.
How many times have we all heard (or asked) "What is the ‘average’ caseload?" Sounds like a simple question, doesn't it? However, case management programs have struggled for years trying to determine realistic, standard caseloads. People are looking for "a number" that defines the average caseload, but in reality, there is no "magic" number.
The ACA and other health reform initiatives have driven the need to use analytics to enhance the care management experience. As workflows change and new approaches are explored, patient motivation becomes the “tipping point” of success in surfacing true opportunities for reduced and avoidable costs. This session will explore how to combine analytics, using patient motivation as a cornerstone, and incorporating greater insights into the clinical workflows, resulting in successful engagements.
Top seven healthcare outcome measures of healthJosephMtonga1
The seven healthcare outcome measures are meant to understand the quality of health systems and how they could be measured and how quality care could be provided to clients.
Using Advanced Analytics for Value-based Healthcare DeliveryMichael Joseph
Promoting Value-based Healthcare Delivery
The fundamental principles of the Affordable Care Act recognize that the volume-based, fee-for-service payment model is unsustainable and that a value-based healthcare delivery system is essential. With the emergence of Accountable Care Organizations (ACOs), providers are incentivized to implement payment reforms and participate in shared savings programs that seek to balance quality of care, access to care and cost of care.
Our healthcare analytics payment model uses predictive analytics to assist ACOs in patient attribution, budget development, bench-marking and performance monitoring to maximize incentives through shared savings and quality improvements.
Moving to Value Based Care – Leveraging advanced analytics to measure physici...LexisNexis Risk Solutions
Payment reform and emphasis on value-based care is forcing payers, ACOs, and Integrated Delivery Networks to look for ways through which physician performance can be evaluated and measured over time with the goal of creating highly efficient and effective physician networks. With more pressure and risk moving to physicians – they will expect fair measurement of quality against their peers. Join this webinar to understand the implications of value-based care as it relates to physician performance analysis and why the ability to effectively monitor physicians with less than acceptable cost performance and those with high-quality performance will be non-negotiable.
The many ways in which healthcare reform affects the healthcare industry are still playing out. Undoubtedly, a question for physicians and the hospitals that employ many of them is “how will physician compensation be affected?”
PYA Principal Carol Carden recently spoke at the 2013 AICPA Healthcare Industry Conference, where she addressed this question with her presentation, “Current Reform Initiatives and Their Impact on Physician Compensation.”
A 360° view of value-based healthcare: how to position your facility for successSourceMed
The shift from volume to value-based healthcare is underway and many outpatient providers are already participating. How are you preparing for this transition?
This presentation will explore the move to value-based care, and share ways for your facility to adapt what it is doing today to thrive under collaborative service delivery models, including: revenue cycle management, data analytics, patient engagement and system interoperability.
At the 2014 HFMA National Institute, PYA Principal and Chief Medical Officer of PYA Analytics, Kent Bottles, MD, spoke about the strategies that hospitals and health systems are using to decrease per-capita cost, while increasing quality. In the session, “Achieving Rapid Cost Reduction and Revenue Improvement by Engaging Clinicians and Administrators,” Bottles offered tactics for engagement.
Population Health Management: Where are YOU?Phytel
This presentation explains how population health is fundamental to value-based delivery models, including key principles and definitions of PHM, as well as how to assess your organization’s “population health readiness.”
The Imperative of Linking Clinical and Financial Data to Improve Outcomes - H...Health Catalyst
Quality and cost improvements require the intelligent use of financial and clinical data coupled with education for multi-disciplinary teams who are driving process improvements. Once a data warehouse is established, healthcare organizations need to set up multi-disciplinary clinical, financial, and IT specialist teams to make the best use of the data. Sometimes, financial involvement is minimized or even excluded for a number of reasons that can turn out to be counterproductive. However, including financial measurements and participation up front can help enhance the recognized value and sustainability of quality improvement or waste reduction efforts. the In this session you will learn keys to success and real-life examples of linking clinical, financial and patient satisfaction data via multi-disciplinary teams that produce impressive results.
How many times have we all heard (or asked) "What is the ‘average’ caseload?" Sounds like a simple question, doesn't it? However, case management programs have struggled for years trying to determine realistic, standard caseloads. People are looking for "a number" that defines the average caseload, but in reality, there is no "magic" number.
The ACA and other health reform initiatives have driven the need to use analytics to enhance the care management experience. As workflows change and new approaches are explored, patient motivation becomes the “tipping point” of success in surfacing true opportunities for reduced and avoidable costs. This session will explore how to combine analytics, using patient motivation as a cornerstone, and incorporating greater insights into the clinical workflows, resulting in successful engagements.
Top seven healthcare outcome measures of healthJosephMtonga1
The seven healthcare outcome measures are meant to understand the quality of health systems and how they could be measured and how quality care could be provided to clients.
Using Advanced Analytics for Value-based Healthcare DeliveryMichael Joseph
Promoting Value-based Healthcare Delivery
The fundamental principles of the Affordable Care Act recognize that the volume-based, fee-for-service payment model is unsustainable and that a value-based healthcare delivery system is essential. With the emergence of Accountable Care Organizations (ACOs), providers are incentivized to implement payment reforms and participate in shared savings programs that seek to balance quality of care, access to care and cost of care.
Our healthcare analytics payment model uses predictive analytics to assist ACOs in patient attribution, budget development, bench-marking and performance monitoring to maximize incentives through shared savings and quality improvements.
Moving to Value Based Care – Leveraging advanced analytics to measure physici...LexisNexis Risk Solutions
Payment reform and emphasis on value-based care is forcing payers, ACOs, and Integrated Delivery Networks to look for ways through which physician performance can be evaluated and measured over time with the goal of creating highly efficient and effective physician networks. With more pressure and risk moving to physicians – they will expect fair measurement of quality against their peers. Join this webinar to understand the implications of value-based care as it relates to physician performance analysis and why the ability to effectively monitor physicians with less than acceptable cost performance and those with high-quality performance will be non-negotiable.
The many ways in which healthcare reform affects the healthcare industry are still playing out. Undoubtedly, a question for physicians and the hospitals that employ many of them is “how will physician compensation be affected?”
PYA Principal Carol Carden recently spoke at the 2013 AICPA Healthcare Industry Conference, where she addressed this question with her presentation, “Current Reform Initiatives and Their Impact on Physician Compensation.”
A 360° view of value-based healthcare: how to position your facility for successSourceMed
The shift from volume to value-based healthcare is underway and many outpatient providers are already participating. How are you preparing for this transition?
This presentation will explore the move to value-based care, and share ways for your facility to adapt what it is doing today to thrive under collaborative service delivery models, including: revenue cycle management, data analytics, patient engagement and system interoperability.
What is average first reply time?
This metric shows how long it takes for your support team to get back to a customer’s first request.
Why should you measure average first reply time?
First reply time is more important than overall reply times because it’s an acknowledgement to the customer that their issue is being looked into.
It also indicates how quickly your team is addressing new tickets, and helps you see if you have enough team members to deal with volume.
Different channels have different expectations for first reply time, but in general a high first reply time means that customers may channel switch because they aren’t sure if you’ve received their message or are working on their case.
Learn everything you need to know about customer service metrics: https://blog.kayako.com/customer-support-metrics
HealthcareSource® Behavioral Assessments: Recruit for Higher Retention in Hea...HealthcareSource
By harnessing behavioral assessment solutions from HealthcareSource that are designed to increase retention and improve patient satisfaction, HR teams can help leaders, managers, and employees reduce costs and improve the patient experience—the ultimate goal for any healthcare organization. In addition, Southwest General Health Center shares their success story with using Staff Assessment to develop high performers.
Harness Your Clinical and Financial Data with an Enterprise Health Informat...Perficient, Inc.
The importance of Enterprise Health Information Exchange (EHIE) as a key way to empower your physicians and patients and demonstrate meaningful use of electronic health records:
- Present the business case for EHIE as an important architecture that matters to progressive health systems
- Take a look at some of the market-leading EHIE architectures and products
- Provide real exam...ples of organizations that are using EHIE to improve their operations
Presentation Uncovers Trends in the Unpredictable Healthcare IndustryPYA, P.C.
With the healthcare industry in a state of flux, not much is known about what lies ahead; but trends across the industry have become apparent and are likely to stick. These trends were the subject of a presentation given by PYA Principal David McMillan at the PKF North America Healthcare Fly-In.
Overcoming Challenges in implementation of Quality Process in Healthcare By D...Healthcare consultant
Research has shown that 95 percent of diets fail over the long term. Oddly enough, various studies show that 60 to 80 percent of major change initiatives also fail. In both cases, it is certainly not for lack of good intentions. For a person who has been on a successful diet, it is frustrating to see those pounds sneak back on. And it is just as frustrating for an organization which has implemented a major improvement initiative to have costs, errors or inefficiencies creep in again. This is the short-term-gain, long-term-wane syndrome.
Chocking the Barriers to Change in Healthcare System.By.Dr.Mahboob ali khan Phd Healthcare consultant
Change is undeniably hard, whether the subject is weight control for an individual or “wait control” in the emergency department. But even though it is easy to come up with excuses for allowing diets or change initiatives to slide, there are measurable rewards for adopting an approach that allows a person or an institution to set the right targets, achieve those goals and stay on track.
in order to meet cost reduction targets, CMOs
* Share patient data across ecosystems
* Embed shared organizational intelligence
* Establish guidance for quality & cost within physician workflows
* Prepare physician leaders to create a culture of continual improvement
Will There Be a Productivity Revolution in Health Care? - David CutlerWSU
Health care is poised to undergo a revolution in productivity. With changes in organization and financing of care, we could improve productivity in medical practices, and for the system as a whole. The talk will describe how health care productivity can be increased, and the paths that might be taken with or without reform.
Will There Be a Productivity Revolution in Health Care? - David CutlerWSU
Health care is poised to undergo a revolution in productivity. With changes in organization and financing of care, we could improve productivity in medical practices, and for the system as a whole. The talk will describe how health care productivity can be increased, and the paths that might be taken with or without reform.
Top_Down_or_The_Bottom_Up to Save Money.pdfNelson Hendler
The article describes the need for a more "granular:" assessment of workers' compensation claims, rather than the typical approach of insurance carriers which average large numbers, which causes the loss of valuable data.
Decades of economic growth and development along with better governance and nutrition-specific programmes had lifted hundreds of millions of people in Asia out of poverty, as well as starvation and malnutrition. However, due to the uneven development, while a large segment of Asian's population had changed their eating habits to over-nutrition diets and worrying about lifestyle diseases like diabetes, cancer and heart diseases, there are still some countries and regions suffering from lack of nutrition. For example, childhood malnutrition and stunting is still prevalent in South Asia, one Indian survey found that 21% of children suffer wasting, and a further 7.5% of children suffer it severely.
For more details, please visit: https://eiuperspectives.economist.com/sustainability/fixing-asias-food-system/white-paper/food-thought-eating-better?utm_source=OrganicSocial&utm_medium=Slideshare&utm_campaign=Amundi&utm_content=Slideshare_whitepaper
Digital platforms and services stimulate economic growth and development. Countries are looking to the “internet economy” to provide new market opportunities and help achieve the UN’s Sustainable Development Goals (SDGs) such as promoting economic growth and sustainable industralisation, a process often relying on an increase in online access rates and smartphone penetration.
For more details, please visit: https://eiuperspectives.economist.com/technology-innovation/digital-platforms-and-services-development-opportunity-asean?utm_source=OrganicSocial&utm_medium=Slideshare&utm_campaign=Amundi&utm_content=Slideshare_whitepaper
The world’s top 100 asset owners (AOs) represent about US$19trn in assets under management. The largest, and potentially most influential, proportion is in Asia—more than a third of the total. Out of the top 20 largest funds, three out of the first five and nearly half of the total are in Asia.
For more insights, please visit: https://eiuperspectives.economist.com/sustainability/sustainable-and-actionable-study-asset-owner-priorities-esg-investing-asia?utm_source=OrganicSocial&utm_medium=Slideshare&utm_campaign=Amundi&utm_content=Slideshare_whitepaper
Internet connectivity has proven to be one of the most profound enablers of social change and economic growth of our time. Beginning with fixed narrowband internet connections and moving through successive generations of increasingly pervasive and powerful networks, connectivity has come to underpin our working and personal lives, empowering businesses to operate more efficiently and with wider reach. In turn, connectivity has sparked and fuelled countless new industries, products and services that are coming to define our modern age. Connectivity has proven to be a vital ingredient for business success.
This report examines the burden of lung cancer in Latin America and how well countries in the region are addressing the challenge. Its particular focus is on 12 countries in Central and South America, chosen for various factors including size and level of economic development: Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, Ecuador, Mexico, Panama, Paraguay, Peru and Uruguay.
In the cyber world, many are attacked but not all are victims. Some organisations emerge stronger. The most cyber-resilient organisations can respond to an incident, fix the vulnerabilities and apply the lessons to strategies for the future. A key element of their resilience is governance, a task that falls to the board of directors.
To learn more about the challenges of governing a cyber-resilient organisation, The Economist Intelligence Unit (EIU) conducted a global survey, sponsored by Willis Towers Watson, of 452 large-company board members, C-suite executives and directors with responsibility for cyber-resilience.
Among the findings:
-In the past year, a third of the companies surveyed experienced a serious cyber-incident — one that disrupted operations, impaired financials and damaged reputations — and most placed high odds on another one in the next 12 months.
-Many companies lack confidence in their ability to source talent and develop a cyber-savvy workforce.
-Executives cite the size of the financial and reputational risk as the most important reason for board oversight.
Artificial intelligence (AI) will profoundly affect the ways in which businesses and governments engage with consumers and citizens alike. From advances in genetic diagnostics to industrial automation, these widespread changes will have significant economic, social and civic implications. As such, Intelligent Economies explores the transformative potential of AI on markets and societies across the developed and developing worlds.
This report, developed by The Economist Intelligence Unit and sponsored by Microsoft, draws on a survey of more than 400 senior executives working in various industries, including financial services, healthcare and life sciences, manufacturing,
retail and the public sector. Survey respondents operate in eight markets: France, Germany, Mexico, Poland, South Africa, Thailand, the UK and the US.
As businesses generate and manage vast amounts of data, companies have more opportunities to gather data, incorporate insights into business strategy and continuously expand access to data across the organisation. Doing so effectively—leveraging data for strategic objectives—is often easier said
than done, however. This report, Transforming data into action: the business outlook for data governance, explores the business contributions of data governance at organisations globally and across industries, the challenges faced in creating useful data governance policies and the opportunities to improve such programmes.
It wasn’t long ago that a work meeting meant gathering around a table to discuss an agenda. These days you may be using Slack, Hangouts or other digital collaboration platforms that blend messaging with video and allow real-time editing of
documents. Even with these tools, communication at work can still break down, potentially endangering careers, creating stressful work environments and slowing growth.
A survey from The Economist Intelligence Unit and sponsored by Lucidchart reveals some of the perceived causes and effects of these communication breakdowns. The survey, conducted from November 2017 to January 2018, included 403 senior executives, managers and junior staff at US companies divided equally and from companies with annual revenue of less than
US$10m, between US$10m and US$1bn and more than US$1bn. The survey research provides insights about what employees see as the biggest barriers to workplace communication, the causes of the barriers and their impact on work life. Complete survey results are included at the end of
this report.
Successful young entrepreneurial innovators have achieved something akin to rockstar status. They grace magazine covers and keynote global conferences, inspiring burgeoning
start-ups and Fortune 50 companies alike.
Collectively, young entrepreneurs are innovative by nature and their thinking is an important source of growth and job creation across the world. Today, with digital tools in hand, leaders are better positioned to expand their businesses across borders, seize niche opportunities and shape the global economic future.
Yet, most of today’s young entrepreneurs want more than status and a global corporate footprint. Their ideas of success arise from powerful social, political and economic convictions.
To find out what really makes young innovators tick, The Economist Intelligence Unit, sponsored by FedEx, surveyed more than 500 of these young entrepreneurs around the globe about their motivations, ideals and priorities. Our survey respondents were between 25 and 50 years of age and all founders, owners or partners of firms with fewer than 500 employees. They are living in North America, Europe, Middle
East, India and Africa, Asia-Pacific, and Latin America. We surveyed them on matters of globalization, technology and social values.
We then compared their views with a similar survey of the general public in the same regions. Side by side, these surveys enabled us to differentiate the outlooks of today’s young and innovative entrepreneurs.
Our surveys identified four key mindsets that guide young entrepreneurs: leading with passion; thinking globally; embracing social responsibility; and banking on connectivity. This report explores the similarities and divergences of today’s young entrepreneurs and the general public. It seeks insights into the elements of the business environment that matter most to entrepreneurs, as well as their views on a variety of issues including free trade and social responsibility.
Education systems across the world are grappling with the challenge of preparing their students for the rapid changes they will experience during their lifetimes. To this end, schools have a critical role in equipping students with the requisite skills and
competencies that will be in demand, particularly as digital technologies such as artificial intelligence (AI) increasingly transform businesses and influence economies. In this report, The Economist Intelligence Unit (EIU) discusses the results of a study that explores how to best prepare primary and
secondary school (referred to in this report as “K-12”) students for the 21st century workplace (“the modern workplace”), where
a mix of hard and soft skills are crucial for success. The research, sponsored by Google for Education, draws on a survey of 1,200 educators in 16 countries.1 It looks at the
strategies most effective in developing 21st century skills and how technology can support such efforts.
Gone are the days when marketing chiefs focused solely on the classic 4Ps: Product, Price, Promotions and Place - they now must take an integrated approach to drive company goals.
Corporate and shareholder sentiment towards MA has rebounded since the dark days of 2008. Low borrowing costs have coaxed many new buyers, including acquisitive Chinese conglomerates, into the market. The prices of prized assets have risen accordingly. It remains a sellers market in technology-driven deals, particularly in the consumer-goods, financial services, and media and telecommunications sectors.
Corporate treasury is now a top target for cyber-criminals. Treasury’s trove of personal and corporate data, its authority to make payments and move large amounts of cash quickly, and its often complicated structure make it an appealing choice for discerning fraudsters.
Corporate treasury is now a top target for cyber-criminals. Treasury’s trove of personal and corporate data, its authority to make payments and move large amounts of cash quickly, and its often complicated structure make it an appealing choice for discerning fraudsters.
In today’s low-yield and regulated environment, many Asia-Pacific investors are more actively monitoring their portfolios with a willingness to increase turnover and shift asset allocations for higher returns.
Asia-Pacific institutional investors are struggling to balance long-term liabilities with the need to secure yield in a world where it is increasingly scarce. They are also in the world’s fastest-growing region that has no shortage of volatility. How are they achieving returns while managing risks?
How are institutional investors in North America adapting to increasingly complex risks? Are these risks driving investors to make portfolio changes based on short-term goals or are they making tactical moves to stay focused on long-term objectives?
Political risks and the search for yield are pushing some North American institutional investors toward more tactical decisions. Investors are focused on reallocating to equities and using alternative investments to mitigate risks.
How are EMEA investors responding to changing macroeconomic and regulatory environments, stakeholder objectives and pressures, and market conditions? Based on a survey of 200 institutional investors in the region, this report takes a detailed look.
CHAPTER 1 SEMESTER V - ROLE OF PEADIATRIC NURSE.pdfSachin Sharma
Pediatric nurses play a vital role in the health and well-being of children. Their responsibilities are wide-ranging, and their objectives can be categorized into several key areas:
1. Direct Patient Care:
Objective: Provide comprehensive and compassionate care to infants, children, and adolescents in various healthcare settings (hospitals, clinics, etc.).
This includes tasks like:
Monitoring vital signs and physical condition.
Administering medications and treatments.
Performing procedures as directed by doctors.
Assisting with daily living activities (bathing, feeding).
Providing emotional support and pain management.
2. Health Promotion and Education:
Objective: Promote healthy behaviors and educate children, families, and communities about preventive healthcare.
This includes tasks like:
Administering vaccinations.
Providing education on nutrition, hygiene, and development.
Offering breastfeeding and childbirth support.
Counseling families on safety and injury prevention.
3. Collaboration and Advocacy:
Objective: Collaborate effectively with doctors, social workers, therapists, and other healthcare professionals to ensure coordinated care for children.
Objective: Advocate for the rights and best interests of their patients, especially when children cannot speak for themselves.
This includes tasks like:
Communicating effectively with healthcare teams.
Identifying and addressing potential risks to child welfare.
Educating families about their child's condition and treatment options.
4. Professional Development and Research:
Objective: Stay up-to-date on the latest advancements in pediatric healthcare through continuing education and research.
Objective: Contribute to improving the quality of care for children by participating in research initiatives.
This includes tasks like:
Attending workshops and conferences on pediatric nursing.
Participating in clinical trials related to child health.
Implementing evidence-based practices into their daily routines.
By fulfilling these objectives, pediatric nurses play a crucial role in ensuring the optimal health and well-being of children throughout all stages of their development.
Leading the Way in Nephrology: Dr. David Greene's Work with Stem Cells for Ki...Dr. David Greene Arizona
As we watch Dr. Greene's continued efforts and research in Arizona, it's clear that stem cell therapy holds a promising key to unlocking new doors in the treatment of kidney disease. With each study and trial, we step closer to a world where kidney disease is no longer a life sentence but a treatable condition, thanks to pioneers like Dr. David Greene.
ICH Guidelines for Pharmacovigilance.pdfNEHA GUPTA
The "ICH Guidelines for Pharmacovigilance" PDF provides a comprehensive overview of the International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use (ICH) guidelines related to pharmacovigilance. These guidelines aim to ensure that drugs are safe and effective for patients by monitoring and assessing adverse effects, ensuring proper reporting systems, and improving risk management practices. The document is essential for professionals in the pharmaceutical industry, regulatory authorities, and healthcare providers, offering detailed procedures and standards for pharmacovigilance activities to enhance drug safety and protect public health.
India Clinical Trials Market: Industry Size and Growth Trends [2030] Analyzed...Kumar Satyam
According to TechSci Research report, "India Clinical Trials Market- By Region, Competition, Forecast & Opportunities, 2030F," the India Clinical Trials Market was valued at USD 2.05 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 8.64% through 2030. The market is driven by a variety of factors, making India an attractive destination for pharmaceutical companies and researchers. India's vast and diverse patient population, cost-effective operational environment, and a large pool of skilled medical professionals contribute significantly to the market's growth. Additionally, increasing government support in streamlining regulations and the growing prevalence of lifestyle diseases further propel the clinical trials market.
Growing Prevalence of Lifestyle Diseases
The rising incidence of lifestyle diseases such as diabetes, cardiovascular diseases, and cancer is a major trend driving the clinical trials market in India. These conditions necessitate the development and testing of new treatment methods, creating a robust demand for clinical trials. The increasing burden of these diseases highlights the need for innovative therapies and underscores the importance of India as a key player in global clinical research.
Medical Technology Tackles New Health Care Demand - Research Report - March 2...pchutichetpong
M Capital Group (“MCG”) predicts that with, against, despite, and even without the global pandemic, the medical technology (MedTech) industry shows signs of continuous healthy growth, driven by smaller, faster, and cheaper devices, growing demand for home-based applications, technological innovation, strategic acquisitions, investments, and SPAC listings. MCG predicts that this should reflects itself in annual growth of over 6%, well beyond 2028.
According to Chris Mouchabhani, Managing Partner at M Capital Group, “Despite all economic scenarios that one may consider, beyond overall economic shocks, medical technology should remain one of the most promising and robust sectors over the short to medium term and well beyond 2028.”
There is a movement towards home-based care for the elderly, next generation scanning and MRI devices, wearable technology, artificial intelligence incorporation, and online connectivity. Experts also see a focus on predictive, preventive, personalized, participatory, and precision medicine, with rising levels of integration of home care and technological innovation.
The average cost of treatment has been rising across the board, creating additional financial burdens to governments, healthcare providers and insurance companies. According to MCG, cost-per-inpatient-stay in the United States alone rose on average annually by over 13% between 2014 to 2021, leading MedTech to focus research efforts on optimized medical equipment at lower price points, whilst emphasizing portability and ease of use. Namely, 46% of the 1,008 medical technology companies in the 2021 MedTech Innovator (“MTI”) database are focusing on prevention, wellness, detection, or diagnosis, signaling a clear push for preventive care to also tackle costs.
In addition, there has also been a lasting impact on consumer and medical demand for home care, supported by the pandemic. Lockdowns, closure of care facilities, and healthcare systems subjected to capacity pressure, accelerated demand away from traditional inpatient care. Now, outpatient care solutions are driving industry production, with nearly 70% of recent diagnostics start-up companies producing products in areas such as ambulatory clinics, at-home care, and self-administered diagnostics.
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Agriculture: Engineering crops resistant to pests and harsh environments.
Research: Studying gene function to unlock new knowledge.
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Talent management: The key to efficient, value-based care
1. 1
Tipping point: Hospital resilience in a perfect storm
Talent management: The key to efficient, value-based care
Written by
Attracting and retaining talent is the most critical issue facing the U.S.
hospital sector, according to an Economist Intelligence Unit (EIU) survey of
more than 300 industry executives conducted for this research program.
It is also a widespread problem: 74% of respondents believe their own
organization needs to pay more attention to attracting and retaining the
best talent. Only 3% disagree.
TIPPING POINT:
HOSPITAL RESILIENCE IN
A PERFECT STORM
Talent management: The key to efficient, value-based care
2. 2
Tipping point: Hospital resilience in a perfect storm
Talent management: The key to efficient, value-based care
The demands of talent management, however, risk being obscured amid
the multiple concerns of a highly challenging environment. For their
own individual organizations, surveyed executives are far more likely to
consider other issues besides talent to be more pressing. In particular, the
shift from fee-based to value-based payments and rising healthcare costs
are listed as “very” or “extremely” critical concerns at their hospitals
markedly more often than the most critical personnel issue—dealing with
talent shortages—let alone attracting and retaining talent itself. This
ranking is consistent across the U.S.; respondents’ region, hospital size
and seniority make little difference.
My industry’s problems and my own…
What are the most critical issues facing the hospital sector?
(% of respondents)
Attracting and retaining the best talent
Shift towards greater use of value-based payments
Shift in patient demographics/disease load
Cuts in payments/rates
(Medicaid, Medicare and managed care)
Mandates on technology compliance/upgrades
Diminished operating margins
Impact of Big Data on patient outcomes,
payments, business models, etc.
Ongoing impact of the ACA
Industry consolidation/Mergers
and acquisitions (M&As)
Regulatory compliance
0 5 10 15 20 25 30 35 40
Which are critical at my own institution?
(% of respondents)
Shifting from fee-based to value-based payments
Rising healthcare costs
Lower Medicare and Medicaid payments
Changing patient demands around
service levels, personalisation of care
Planning for new regulations
Leveraging Big Data to inform patient
outcomes, payments, business model changes
Managing against more limited operating margins
Managing against key service talent shortages
Capital requirements for technology-related
expenses (EHRs, upgrades)
Compliance with existing regulations
Changing patient medical requirements
as a result of ageing populations
Managing integration from consolidations/M&As
Drop in patient numbers
Accessing credit/financing/capital
Attracting and retaining the best talent
Lower payments from private insurers/managed care
0 10 20 30 40 50 60 70 80
Extremely critical Very critical
Source: The Economist Intelligence Unit survey, 2016
3. 3
Tipping point: Hospital resilience in a perfect storm
Talent management: The key to efficient, value-based care
Yet issues of strategic change and cost control are not distinct from
talent management. In hospitals they are closely intertwined. According
to the Harvard Business Review, some two-thirds of a typical healthcare
provider’s costs go toward human resources.1
Charles “Chip” Kahn,
president and CEO of the Federation of American Hospitals, notes that
addressing these costs in an era of tight margins is made all the harder
by “tremendous pressure regarding salaries.” Meanwhile, he adds, an
evolution in some fields (in particular among top physician talent) away
from a traditional, largely arm’s-length relationship to one of hospital as
employer has both HR and strategic implications.
Thus the need to align the management of talent—especially of
leading clinicians—with other strategic priorities is critical. It is also
extraordinarily difficult. James Rebitzer, Professor of Markets, Public
Policy and Law at Boston University Business School, explains: “[In
healthcare] I don’t think we fully know how to structure incentives to
move individuals to do the right thing. We want to get physicians working
on process improvement, to coordinate care better, etc., but the actual
incentive structures in place tend to work against that. Getting them right
is challenging.”
Three leading talent strategies and where they can
undermine strategic needs
Hospitals are using three primary—sometimes overlapping—tactics to
manage their best talent. These emerge clearly in the survey data:
• Competitive pay and benefits;
• Using data to ensure value for money; and
• Restructuring processes to reduce the role of more-costly personnel
wherever feasible.
Dr. Kip Webb, North American Healthcare Provider Portfolio Lead at
Accenture, says, “We are seeing all three approaches [used by those we
advise], and all three are important levers.” Nevertheless, given the other
critical issues facing hospitals, each needs to be employed in a way that
helps hospitals keep costs down and move toward value-based care.
Money can be a problem as well as a solution: An obvious starting point
in addressing HR issues is remuneration. Unsurprisingly, the second
and third most common strategies hospitals are employing to manage
their best talent are improved pay (cited by 48%) and ensuring that the
organization has market-leading total compensation packages (46%).
More than a third of hospitals combine both strategies, while 59% use at
least one.
1 Robert Kaplan and Derek Haas, “How Not to Cut Health Care Costs,” Harvard Business Review, 2014.
Issues of strategic
change and cost control
are not distinct from
talent management;
in hospitals they are
closely intertwined.
4. 4
Tipping point: Hospital resilience in a perfect storm
Talent management: The key to efficient, value-based care
Even in a time of tight budgets, this makes financial sense. As Dr. Webb
notes, “If someone can see lots of patients—and keep beds full—that
has economic value.” The problem, he says, is that as healthcare moves
increasingly from fee- to value-based payments, higher rewards for
clinicians and specialists who generate a lot of service activity may not
bring correspondingly more income to the hospital.
Indeed, poorly structured compensation can impede change. Professor
Rebitzer cites a common, but self-defeating practice. This hospital “pays
its oncologists almost entirely by patient contact, i.e. with a kind of piece
rate. In some ways, that makes a lot of sense: it is simple to communicate;
there is no favoritism; it is great to generate a lot of fee-based revenue. But
it makes it impossible to engage clinicians in process improvements. They
are socialized toward putting patients through the system.”
High pay is also, by its very nature, expensive in an era of substantial
financial challenges. Nor does money on its own cure HR headaches:
21% of hospitals that use better pay and market-leading compensation
as employee inducements report that retaining and managing talent is an
extremely critical issue; among those that use neither tactic, the figure is
just 12%. Says Lloyd Dean, CEO of Dignity Health: “You want to pay to be
competitive, but if the critical play you are running is ‘I am going to pay
more,’ you get a diminishing return. Pay alone is a short-lived strategy.”
Seeking value for money: Rather than simply spending on HR, hospitals
want to make sure the expenditure is having the desired effect. Fifty-
one percent of survey respondents say their hospitals link performance
and quality-of-care metrics with retention decisions, rendering it the
top talent management strategy. Similarly, 37% link pay with individual
performance metrics. Overall, 70% do at least one of these.
Strategies hospitals will employ today to manage their best talent
(% of respondents)
Linking individual performance/quality-of-care
metrics with retention decisions
Improved pay overall
Ensuring total compensation packages are market-leading
Aligning human resources’ (HR) policy goals more
closely with hospitals’ overall strategic goals
Linking of pay with individual performance/
quality-of-care metrics
Changing care pathways to decrease need for most expensive personnel
(e.g. more use of specialist nurses than doctors, where appropriate)
Creating visibility opportunities to showcase
talent expertise (media, events, conferences, etc.)
Flexible work arrangements
Training/Advancement opportunities
0 10 20 30 40 50
Source: The Economist Intelligence Unit survey, 2016
Poorly structured
compensation can
impede change.
5. 5
Tipping point: Hospital resilience in a perfect storm
Talent management: The key to efficient, value-based care
This approach is widespread because its potential value is obvious.
The devil, though, is in the details. Dr. Webb says, “Not everything that
counts can be counted.” Most of the healthcare metrics developed over
the last decade, he adds, still focus on processes—e.g., if a test was
performed and the correct action was taken given the result—rather
than true patient outcomes—e.g., whether the condition was cured or
complications avoided. The latter kind of data is rarely available in real
time, as disease prevention is notoriously difficult to quantify. Even
coming up with relevant metrics may take decades. Dr. Webb believes a
data-based approach to talent management “is offputting for clinicians
and rightly so. We don’t have really good outcome measures.”
Worse still, Dr. Webb adds, it can create “perverse incentives.” “I have
heard of pediatricians firing the parents of patients if they choose not to
immunize. If someone is being graded on percent immunized, you can
see why this happens, but that is not good care.”
Reducing costs though process change: Another important way to
address the cost of HR for U.S. hospitals is to reorganize care in a more
cost-effective way. Thirty-six percent of survey respondents say their
organizations are changing care pathways to make more use of lower-cost
personnel. The same percentage is using technology to outsource services
such as specialist consultations.
Such efficiencies may help address one of the great cost issues of U.S.
healthcare—waste—says Dr. Webb. The numbers are huge, according to a
variety of studies. One, by the Institute of Medicine, was typical in finding
that about 30% of the U.S.’s total spend for clinical healthcare services
is wasteful.2
Process change can be an attractive option, hence the current popularity
of the idea that all personnel should work at “the top or their license” or
do the most demanding job for which they are trained. Such significant
change has the potential to arouse opposition among clinicians if imposed
as a pure savings measure rather than a way to improve care. Pat Fry,
former CEO of Sutter Health, says that for any major operational change
in hospitals, “you have to have physician leadership.”
2 Institute of Medicine, Best Care at Lower Cost: The Path to Continuously Learning Health Care in America,
2012, Donald Berwick and Andrew Hackbarth, “Eliminating Waste in US Health Care,” JAMA, 2012.
6. 6
Tipping point: Hospital resilience in a perfect storm
Talent management: The key to efficient, value-based care
Cooperation with staff is the key to making these
strategies work
All three of these options can be useful in helping hospitals meet their
talent management challenges. Nevertheless, each comes with risks
of arousing workplace opposition or blocking changes that are just as
necessary to the continued success of the hospital.
The way to square the circle is to implement these strategies in
conjunction with top talent rather than imposing them on senior medical
staff. Such cooperation may be feasible. A 2013 survey of physicians
overall by RAND—a research organization—found that professional
satisfaction was more affected by time spent treating patients and ability
to provide high-quality care rather than compensation levels—which most
already found acceptable.3
Leemore Dafny, Professor in Hospital and
Health Services at Kellogg School of Management, believes that changes
in care pathways or processes might be embraced by clinicians if they
“will enable them to do the job that they are trained to do.” Similarly,
metrics that demonstrably improve the quality of care are likely to be
welcomed by professionals.
For Mr. Dean, this is part of a broader, more collaborative approach
needed for successful hospital talent management. A key part of turning
Dignity Health around from a money-losing organization to one of the
largest non-profit healthcare systems in the country has been to work with
employees, integrate what they want to achieve with the hospital’s goals
and structure incentives to reward the change to value-based care. “The
totality of these changes the environment,” he says.
3 RAND Health, Factors Affecting Physician Professional Satisfaction and Their Implications for Patient Care,
Health Systems, and Health Policy, 2013.
Top issues confronting hospitals
(% of respondents)
Resistance from clinical/surgical staff
Complexity of existing financial structure
Regulatory impediments/complexity
Resistance from general management/administration
Lack of funding/access to capital
Resistance from community
Lack of talent to create or execute new model
Lack of leadership and strategic vision
A culture that impedes change
0 5 10 15 20 25 30 35 40
Source: The Economist Intelligence Unit survey, 2016
7. 7
Tipping point: Hospital resilience in a perfect storm
Talent management: The key to efficient, value-based care
Mr. Fry adds that physicians in particular should take a leading role in
all substantial talent management changes—or indeed all major shifts in
hospital operations. In his experience at Sutter Health—which in the last
three decades has grown from two hospitals to one of the country’s largest
non-profit networks—“our key to success is that our doctors buy into the
vision and, because of that, we put them into leadership.”
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This article was written by The Economist Intelligence Unit and sponsored by Prudential.
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“Our key to success is
that our doctors buy
into the vision and,
because of that, we put
them into leadership,”
Pat Fry, CEO, Sutter Health