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Month: August 2019

The List is in: Hospitals’ Most Profitable Specialties

The List is in: Hospitals’ Most Profitable Specialties

August 28, 2019 “These are the top ten physician specialties that generate the most revenue for hospitals.” During the height of his hosting career, comedian David Letterman made famous the highly popular “Top Ten” segment of his late-night shows.  Moving from ten to one, the audience would giggle after hearing each item in the list while simultaneously anticipating the last—the number one—item.  “Top ten famous last words . . . number five: ‘You’re in my parking space, Mr. Capone.’”  Number one,…

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Supply Chain Management: Analysis and Action

Supply Chain Management: Analysis and Action

August 21, 2019 “The average hospital could save millions of dollars in the next fiscal year.” When it comes to the successful administration of a healthcare facility, few tasks are more important than ensuring the efficient flow and availability of medical supplies.  Where would a hospital be without a sufficient number of syringes?  How would a surgery center cope without an adequate supply of sterile gloves?  Supply chain management (SCM) is a core function to be sure.  It is central…

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