Iwimbong KUM Ghabowen Ph.D.’s Post

NFP hospital margins of 4.1% are a sign of resilience in a challenging landscape where 40% of hospitals are facing negative margins. In comparison, a 4% margin in other industries like technology would trigger panic. This disparity highlights the unique financial dynamics in healthcare. Even hospitals with positive margins are only slightly in the black. Learn more about the intricacies of hospital finance here: [Link to article] #HealthcareFinance #HospitalMargins

A new report from Third Way highlights the 7 major challenges facing US healthcare, including consolidation, high prices, administration costs, and patient safety. Addressing these issues is crucial for ensuring lower healthcare costs for all. Read more here: https://bit.ly/40rf8MF

In the world of healthcare, we're striving for #PatientPartnership. Here are the six principles of patient partnership: 🌟 Treating patients as equals: Your views are valued, and you have a say in decisions. 📚 Patients fully informed: The NHS provides info that's accessible and easy to understand. 🤝 Shared decision making and patient partnership: Make it routine practice. 🌍 Recognising inequalities: Identify and meet all patient groups and communities' unique needs. 🗣️ Seeking patient input: Patient views are not just welcomed but actively valued and acted upon. 🔗 Joining services around patients: Services work with you to make things as easy as possible. #PatientCare #HealthcareEquality https://lnkd.in/eSiPwkZd

🎉 Exciting News! Our latest research article, "The Value of Admission Avoidance: Cost-Consequence Analysis", has been published in BMC Cost Effectiveness and Resource Allocation. This study delves into the significant advantages and cost-effectiveness of the Hospital at Home (HaH) service over one year, highlighting its impact on reducing healthcare costs while maintaining high standards of patient care. Our findings demonstrate notable improvements in health outcomes, including reduced emergency room visits and overall healthcare expenditures post-discharge.   Read more about our findings in: https://lnkd.in/ek2fzHRb Congratulations to our incredible team: Carme Hernández Carcereny. PhD, MsC, RN, FERS; Carmen Herranz; Erik Baltaxe; Nuria Seijas Babot; Maria Asenjo; Emmanuel Coloma; Joaquim Fernandez; Emili Vela; Gerard Carot-Sans, PhD; Isaac Cano; Josep Roca; David Nicolás Ocejo. #HealthcareInnovation #CostEffectiveness #HospitalAtHome #BMC

PCPs: don't abandon the dream of adopting value-based care in your practice. Instead seek out the help of those who can enable you to deliver better care that drives healthier patient outcomes. Our very own Chief Clinical Officer Michael Kwame Poku, MD, MBA, FACP recently chatted with Physicians Practice about how PCPs can get started with #vbc. Check it out. https://lnkd.in/gMqVBwrY

While working on a crucial report, I recently noticed a significant aspect affecting primary care wait times that deserves attention. While healthcare professionals are diligently working to reduce these wait times and improve patient care, the issue of Did Not Attend (DNA) appointments is adding to the challenge. 📊 Key Observations: Ongoing Efforts: The healthcare teams are making tremendous efforts to manage and reduce wait times for primary care appointments. Impact of DNAs: A notable number of missed appointments (DNAs) contribute to inefficiencies. When patients do not attend their scheduled appointments without notifying the practice, it exacerbates the wait times for everyone. Personal Responsibility: Each individual plays a crucial role in this system. It’s essential for patients to cancel or reschedule their appointments if they cannot attend, allowing others in need of care to benefit from available slots. ⏩ Steps Forward: Patient Awareness: Increasing awareness about the importance of canceling or rescheduling appointments can help mitigate the impact of DNAs on wait times. Efficient Systems: Implementing user-friendly systems for appointment management and reminders can support patients in keeping or adjusting their appointments as needed. Collaboration: Encouraging a culture of mutual respect and responsibility between healthcare providers and patients will contribute to a more efficient healthcare system. 🤝 Let’s Collaborate: Addressing the issue of DNAs and improving appointment management requires a combined effort. By fostering greater patient responsibility and supporting our healthcare professionals, we can work together to enhance the efficiency of primary care services and reduce wait times. 📣 What Are Your Thoughts? Have you observed the impact of DNAs on primary care wait times? What measures do you think could help address this issue effectively? I’d love to hear your ideas and suggestions! #NHS #PrimaryCare #WaitTimes #HealthcareEfficiency #DNAs #PatientCare

Poor patient experience is costing U.S. healthcare providers millions each year. From higher readmission rates to extended hospital stays, the financial impact is undeniable. However, by improving patient satisfaction, healthcare organizations can reduce operational costs, boost HCAHPS scores, and improve financial performance. In our latest blog post, we explore how addressing patient experience can benefit both patients and providers: https://buff.ly/3TjReyd #healthcare #patientexperience #financialperformance #hospitals #novobeing #patientcare

Insights and Future Plans for the NHS - Edition 10 (Part 1) In this edition, we delve into the pivotal progress and implications of the pilot scheme at Hospital X, a cornerstone in our ongoing efforts to reform and enhance the NHS. As we approach the final stages of planning, the significance of this pilot as a testing ground for broader NHS reforms is becoming increasingly clear. The Pilot Scheme: A Crucial First Step The pilot scheme at Hospital X marks a crucial initial phase towards potentially transforming the NHS on a national scale. This initiative serves to test the viability of proposed reforms in a controlled environment, enabling real-time adjustments and refinements. Focusing on a single hospital allows for close monitoring of new strategies' impact, comprehensive data collection, and prompt addressing of practical challenges. Anticipated Outcomes and Benefits The primary objective of the pilot scheme is to achieve notable enhancements in efficiency and patient outcomes. Through meticulous planning and execution, we aim to optimize resource utilization, resulting in significant cost savings. These savings can then be reinvested in hospital infrastructure to improve patient care, reduce waiting times, and enhance the overall patient experience. The integration of advanced technologies like AI-driven diagnostics and digital health records is expected to streamline operations, minimize errors, and empower healthcare professionals to deliver top-quality care. Emphasizing preventative healthcare in the pilot program is anticipated to yield better health outcomes, decrease the incidence of chronic diseases, and reduce the necessity for costly treatments. Stay tuned for more information! By the end of the year, the complete book covering all topics will be available as a free issue. #NHS #HealthcareReform #PatientCare #Innovation #FutureofHealthcare

It's no secret that hospitals across the country are homing in on length of stay to enhance patient flow and boost financial performance as it remains a costly challenge nationwide: If a 425-bed hospital with an average length of stay of six days achieved a one-day reduction, it would realize more than $20 million in operating expense savings per year. "There are a lot of factors that can affect length of stay, but the number one opportunity in my opinion nationwide is the development and support of your case management or care coordination team...I have seen hospitals dramatically reduce their length of stay when they have an engaged care coordination team that is supported and empowered." - Erik Summers, CMO of MUSC Health At Repisodic, we have always viewed case managers as one of the most important stakeholders in reducing LOS, and our platform has empowered case management teams across the country to reduce length of stay for patient discharges to post-acute care by 0.4 days or greater at many of our customer sites! #casemanagement #lengthofstay #postacutecare https://lnkd.in/gcBQus7e