So, it is not a stretch to say that 2020 has sucked, and we are all excited to get it behind us. According to the US Department of Health and Human Services the national hospital use is currently at 70.1% of inpatient beds and 60.14% of ICU beds. With story after story about how hospitals are downsizing their workforces amidst this increased national use of hospital resources, it is clear hospitals are trying to do more with less. Considering that, on average, the Operating Room generates 70% of a hospital’s total revenue and elective procedures are down 30%-55% in 2020, these further highlights that hospitals are operating in survival mode.
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Topics: eSignature ROI Electronic Signature revenue Hospital
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Part 2 of 5: step-by-step business case & grant funding
As the health care industry faces historic financial losses and a recession due to the COVID-19 pandemic, hospital leaders must quickly identify value-focused initiatives and seek out the financial resources to fund them. While hospital project budgets are at risk of being cut, we can proactively look back at the last recession for gaps and where to invest.
The poignant words of Dr. Martin Luther King, Jr. give humble guidance on where to reflect on the past to shape the future: “We are not makers of history. We are made by history.”
Other blogs in this series
Part 1 of 5: Pre-Registration & Telehealth Consent Strategy
Part 3 of 5: Clinician Champions, Team Structure, & Training
Part 4 of 5: The Best Telehealth Room Design for Your Clinicians
Telehealth ebook: HOSPITAL TELEHEALTH TOOLKIT: A best practice Guide