Regaining stability after the storm By: Kyle Worthy Like many businesses, hospitals are slowly beginning to find their footing. After months of uncertainty and fear, many are seeking to return to normal. But the experiences of the last few months will stay with us for sometime.    Some clients have shared with us that revenue…

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COVID-19 Update: Continuing to support our friends in healthcare By: Kyle Worthy In light of the ongoing coronavirus pandemic, we wanted to express our gratitude for our clients and friends in the healthcare community who are leading our nation through these uncertain times. We’ve always felt it was an honor to work with individuals who have…

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Courage in Healthcare: Kevin Callanan, CFRE By: Kyle Worthy Foundations: shaping healthcare in their communities and beyond   During his 25-year fundraising career, Kevin Callanan has raised over $56 million for community hospitals and schools. His biggest project to date was the $10 million capital campaign that funded the creation of a state-of-the-art cancer center at…

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The impact of call coverage on a hospital’s reputation By: Kyle Worthy Hospitals tell us that nearly 80 percent of their patients come through their emergency departments. That means that the majority of patients are directly affected by which service lines are available on call. Therefore, this availability (or lack thereof) has an impact on…

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Value-based care creates opportunities for alignment By: Kyle Worthy It’s no secret that incentivised compensation programs can enhance organizational alignment across many industries. But incentivisation is a complex issue in healthcare due to federal regulations put in place to prevent kickbacks. This complexity causes many hospitals to be wary of implementing any strategy that involves…

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Proposed legislation could impact physician compensation By: Kyle Worthy Most patients assume their care will be covered by insurance as long as they go to an in-network hospital. But this is not the case if they’re treated by an out-of-network physician. Patients in this situation can end up with surprise medical bills for tens of…

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Curbing ED costs could save rural hospitals By: Kyle Worthy A recent study confirms that rural hospitals are threatened by significant financial instability. Out of the country’s 1,844 rural hospitals, 453 are vulnerable to closure. In fact, nearly 50% are operating in the red, and this number is steadily increasing, evidenced by the 39% that…

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Addressing physicians’ top employment concerns By: Kyle Worthy More physicians are considering employment than ever before, but many have concerns about the hospital-physician employment arrangement. Due to our current physician shortage, competition continues to rise among healthcare organizations for physician talent. Organizations have an opportunity to stand out from their competitors by addressing physicians’ top…

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The Politics of Pay Why nonprofit hospitals boards must be prepared to defend their executive compensation By: Kyle Worthy Competition for healthcare executive talent is on the rise. This is evidenced by reports that the average tenure of a hospital CEO is only 5.6 years and that 67% of executives who leave their organizations are…

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Ambulance diversion and the struggle to secure 365 coverage By: Kyle Worthy Last week, a bill was introduced in congress that would require hospitals to report instances of diversion. Failure to do so would result in funding cuts. Diversion is the practice of turning away ambulances when an emergency department is full. The practice has…

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