Mike Bunch

Financial Stability in the Face of Staffing Challenges Hospital CFOs are grappling with a significant issue: maintaining financial stability while managing escalating staffing costs. The latest discussions have pinpointed several pressing concerns: Labor Costs: Rising wages and benefits for clinical staff. Retention: High turnover rates impacting budget predictability. Cost-Effective Staffing: Balancing internal, per diem, and international hires to optimize costs without compromising care quality. Technology Investments: Allocating funds for new staffing technologies that promise long-term savings but require upfront investment. As we tackle these financial hurdles, it's crucial to find innovative solutions that not only manage costs but also enhance patient care and staff satisfaction. How is your organization navigating these challenges? #HealthcareFinance #CFOChallenges #HospitalManagement #StaffingSolutions #FinancialStability #MedPro

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Discover how Yale New Haven Hospital and others have harnessed the power of EMR data and HIMSS digital maturity models to drive significant operational improvements, cost savings. and improved patient satisfaction. 💡 🔗 Read the full story here: https://gag.gl/Lkosrv #HealthcareInnovation #EMR #EMRAM #HIMSS #Data

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Learn how technology leaders are stepping into a new era of health equity with the help of AI and ML: https://gag.gl/PKvMfJ. 🌇 Tech is closing the gap in social determinants of health (SDOH) by helping us understand and address the non-medical factors that influence health outcomes. 🔍 With new diagnosis codes focused on SDOH, healthcare providers can now offer personalized care like never before, giving a complete picture of patient health beyond the clinical data. ⚕️ By embracing AI and ML, healthcare organizations are not just treating symptoms, they’re transforming lives and considering the whole person. #HIT #healthcare #SocialDeterminants #SDOH #PatientCare #Innovation

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Transparency is key to any successful partnership. That's why I've been leading programs for over 20 years that prioritize hospital control, insight, and ethical partnerships for the best possible workforce program governance. If you're ready for a partner who works for you in the way you need, reach out to me. Check out our latest post for more details on how bill rate transparency can provide clarity and strengthen your partnerships. #workforcegovernance #transparency #partnerships

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Navigating Mandated Staffing Ratios: Why the Right Clinical Staffing Partner Matters Mandated hospital staffing ratios continue to be a hot topic in healthcare. Recent data highlights the importance of maintaining appropriate nurse-to-patient ratios to ensure patient safety and improve outcomes. However, these mandates also introduce significant challenges, particularly regarding workforce management and cost control. Choosing the right clinical staffing solution partner is essential in navigating these complexities. A trusted partner not only helps meet mandated ratios but also provides flexibility, expertise, and support to maintain high-quality care. The right partner can assist in strategic planning, recruitment, and retention, ensuring your staffing needs are met without compromising quality or efficiency. As the industry evolves, finding a partner who understands the unique needs of your organization and can offer tailored solutions is more important than ever. Let's work together to ensure our staffing strategies are as effective and efficient as possible, leveraging the latest data and best practices to achieve optimal outcomes.

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Technology is not meant to replace healthcare professionals, but rather to enhance capabilities and efficiency. By incorporating technology thoughtfully and with careful consideration, it is possible to find a common ground where technology becomes a valuable tool for improving patient outcomes and increasing the capacity of healthcare providers. Recognizing the concerns raised by healthcare professionals, it is essential to provide adequate training and support to ensure that they feel confident and competent in utilizing technology in their practice. By addressing these concerns and providing ongoing education and resources, healthcare organizations can help bridge the gap between the excitement and distaste for incorporating technology. In the wake of the continued staffing crisis it is important to highlight the benefits that technology can bring to healthcare professionals. From streamlining administrative tasks to facilitating access to vial information, technology has the potential to free up valuable time for physicians and nurses, allowing them to focus more on direct patient care and improving overall quality of care. By understanding and addressing these concerns, healthcare organizations can successfully incorporate the right technology as a tool for boosting their capacity without compromising the personal touch and human connection that are integral to patient care. #IntellifyTalentSolutions #healthcare #HealthcareTechnology #VendorNeutralSolutions #VMS #DataandAnalytics #Staffing #HealthcareStaffing #FIndingtheBalance #ReduceAdministrativeBurden #NursesRock #CNO #CHRO #Physicians #HealthcareTech #PatientCare #TechnologyIntegration

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All workplaces, including healthcare, need more women for the value they bring to the table, ranging from empathy, communication, collaboration, and teamwork to leadership skills and positive financial performance. There is no way to have innovation without an inclusive culture, and at Optum, we’re evolving our policies, programs and practices to recruit, engage and retain diverse teams, and to cultivate future women leadership pipelines. Optum India MD, Uma Krishnan, shares more on this in this Economic Times Insights feature. #OptumIndia #Optumadvocate

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All workplaces, including healthcare, need more women for the value they bring to the table, ranging from empathy, communication, collaboration, and teamwork to leadership skills and positive financial performance. There is no way to have innovation without an inclusive culture, and at Optum, we’re evolving our policies, programs and practices to recruit, engage and retain diverse teams, and to cultivate future women leadership pipelines. Optum India MD, Uma Krishnan, shares more on this in this Economic Times Insights feature. #OptumIndia #Optumadvocate

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Good article on the best states for healthcare. Kelly's re-post breaks this down into overall best, best access to healthcare, quality of healthcare and public health availability. Enjoy! https://lnkd.in/gNKtzQEu

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Did you miss the Internal Resource Pool Technology Best Practices Webinar? Utilizing your internal resources effectively and with the caregiver experience in mind can offer numerous benefits to hospitals. Resource pools can help with cost savings, improve patient care, and create work-life balance for staff. The right technology is critical to the success of a float pool. This webinar focuses on your Internal Resource Pool journey and what to look for when evaluating and implementing IRP technology solutions. Are you ready to implement a float pool? Are you looking to start a float pool? I am ready to share the technology and best practices with you. #InternalResourcePool #HealthcareTechnology #Webinar #ITS #IntellifyTalentSolutions #InternalTravelAgency #PerDiem #Nursesrock #Talent #TheRightTechnololgy #CaregiverExperience

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All workplaces, including healthcare, need more women for the value they bring to the table, ranging from empathy, communication, collaboration, and teamwork to leadership skills and positive financial performance. There is no way to have innovation without an inclusive culture, and at Optum, we’re evolving our policies, programs and practices to recruit, engage and retain diverse teams, and to cultivate future women leadership pipelines. Optum India MD, Uma Krishnan, shares more on this in this Economic Times Insights feature. #OptumIndia #Optumadvocate

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All workplaces, including healthcare, need more women for the value they bring to the table, ranging from empathy, communication, collaboration, and teamwork to leadership skills and positive financial performance. There is no way to have innovation without an inclusive culture, and at Optum, we’re evolving our policies, programs and practices to recruit, engage and retain diverse teams, and to cultivate future women leadership pipelines. Optum India MD, Uma Krishnan, shares more on this in this Economic Times Insights feature. #OptumIndia #Optumadvocate

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In the ever-evolving healthcare landscape, staffing levels may be normalizing, but the need for a robust clinical workforce solution has never been more critical. Ensuring the right balance of skilled professionals is essential to maintaining high-quality patient care and operational efficiency. Now is the time to solidify your clinical workforce strategy with a partner who understands your unique needs and can deliver tailored solutions for lasting success. A solution that includes domestic and foreign-trained clinicians offers a long-term approach to stabilize staffing, ensuring continuity and quality care. Let’s navigate this together to ensure we are prepared for whatever comes next. #MedPro #HealthcareStaffing #ClinicalWorkforce #PatientCare #HealthcareSolutions #LongTermStability

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In light of the recent Axios article on the potential freeze on U.S. visas for foreign nurses, I’d love to hear your thoughts on this significant development. How do you foresee this impacting your staffing strategies and patient care quality? As healthcare leaders, your insights are invaluable. Check out the full article here: https://lnkd.in/gVw54bgr

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Preparing for New CMS Staffing Rules With new CMS staffing rules on the horizon, nursing homes must adapt and ensure compliance while maintaining quality care proactively. Here are some steps to prepare: Evaluate Current Staffing Levels: Conduct a thorough assessment of your current staffing to identify gaps and areas for improvement. Enhance Recruitment Efforts: Leverage various recruitment channels to attract qualified staff. Consider an RPO (Recruitment Process Outsourcing) solution for a cost-effective and efficient approach. Invest in Training and Development: Provide ongoing training to ensure your staff is well-equipped to meet the new standards. Optimize Workforce Management: Implement strategies to enhance staff scheduling and utilization, balancing workloads effectively. Focus on Retention: Create a positive work environment to retain your top talent and reduce turnover rates. Explore International Staffing Options: Including foreign-trained clinicians in your staffing strategy can provide a long-term solution to stabilize your workforce. Preparing now not only ensures compliance but also enhances the quality of care for your residents. Let's work together to navigate these changes smoothly and cost-effectively! What steps are you taking to get ready for the new rules? #Healthcare #NursingHomes #CMS #StaffingSolutions #WorkforceManagement #QualityCare #CostEffectiveStrategies

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Highlighting the crucial role nurses serve in healthcare and exploring optimal support strategies. Learn from Compass One Healthcare's Chief Nursing Officer, Aundrea Mills, as she discusses the collaborative integration of new technology and workflows to foster nurses' development and well-being, enabling them to excel in their practice. Dive into the article on Nurse Leader here!

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