Through its print and digital magazines, website, and newsletters, Healthcare Business Review, offers readers high-quality, timely, and informative business news, industry insider’s views, and usable market research to assist them in navigating their healthcare businesses in these changing markets.
Healthcare Business Review has two key objectives:
We aim to bring insights to mid to senior-level professionals holding positions in management, operations, and administration in all healthcare industry facets through our learn-from-peers model.
We want to help our subscribers identify, choose, and engage with the most appropriate solutions and services providers for their businesses by leveraging our market research team and their collective wisdom.
To sum it up, we strive to be a trusted source for managers in the healthcare industry when they are searching for advice and information on topics ranging from Finance, Human resources, Marketing their organizations, Revenue cycle management, Practice management, business services to clinical services to healthcare consulting services or anything in between related to managing business and operations of healthcare.
The Nuances of Managing the Healthcare industry
The Healthcare industry consists of organizations like hospitals, medical and dental practices, residential health facilities, pathology clinics, and diagnostics laboratories.
The Healthcare industry is singularly unique due to its inherent structure and needs. For example, every client (patient) is chemically, structurally, and emotionally unique--so no assembly line or standardization here. Moreover, unlike any other industry, in healthcare, you can not choose whom to serve. Anyone who walks into an emergency department or a clinic needs to be served.
This is probably the only industry where the price gets dictated by other parties (insurance companies) or by the Government because the payments for services usually come from these intermediaries. Moreover, matrixes to even make these payments are in flux. Payment systems that will not reimburse preventable readmissions or bundle payments for goals or episodes of care rather than visits reflect a population approach to health focused on outcomes rather than processes. Today’s standard practice of reimbursing for office visits and hospitalizations is likely to be displaced once better measures of outcomes can provide a substitute that’s more relevant to our key goals. If we can measure success, why pay for the process?
Managing HR has its challenges in healthcare. The most important members of the workforce, the physicians delivering care, are seldom employed by the hospital. Most of the top hospitals are teaching hospitals, who are training doctors for someone else.
However, on the positive side, physicians are most cooperative with each other, no matter whom they work for. In the essence of that admirable collaborative spirit, Healthcare Business Review brings to the non-medical professionals and managers in the Healthcare industry on a broader scale by providing them a platform to share their experiences, views, and advice, so they all make better management decisions.