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Healthcare Purchasing Challenges During the Coronavirus Pandemic

Recently, nearly every U.S. state experienced a coronavirus pandemic shutdown lasting several months. As a result, lucrative elective medical procedures stopped bringing in much-needed revenue for community hospitals and healthcare providers. In addition to losing substantial income, the pandemic triggered major disruptions to the global hospital supply chain. Smaller hospitals soon ran short on key medications, personal protective equipment (PPE) and standard medical supplies normally shipped from China. Smaller hospitals can overcome many healthcare purchasing challenges simply by partnering with a group purchasing organization like CHC Supply Trust. But there...


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News Room

CHC Launches Free Financial Dashboard To Monitor COVID-19 Funding And Costs

Community Hospital Corporation has launched a free downloadable financial dashboard for tracking and monitoring of COVID-related funding and costs.

The complimentary COVID-19 Financial Dashboard https://communityhospitalcorp.com/covid-19-financial-dashboard-landing/ , which CHC developed for its network of community hospitals, is an Excel file designed to help all community hospitals to manage cash flow and ensure that all COVID-related government funding opportunities are properly vetted and tracked in one place.

See the June 2020 coverage in Hospital & Healthcare...


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News Room

How to Gauge Your Hospital’s Financial Health

Some rural hospitals that were already struggling are now in serious financial trouble due to the coronavirus. The suspension of elective surgery and non-urgent care in most states led to an abrupt drop in patient volumes and hospital revenue. That loss, combined with the cost of preparing for COVID-19 protections for patients and employees, has forced rural hospitals into deeper distress. It’s especially important in these challenging circumstances to keep a close eye on key metrics that gauge a hospital’s financial health.

By monitoring indicators, creating transparency and responding swiftly...


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Blog

How to Gauge Your Hospital’s Financial Health

Some rural hospitals that were already struggling are now in serious financial trouble due to the coronavirus. The suspension of elective surgery and non urgent care in most states led to an abrupt drop in patient volumes and hospital revenue. That loss, combined with the cost of preparing for COVID-19 protections for patients and employees, has forced rural hospitals into deeper distress. It’s especially important in these challenging circumstances to keep a close eye on key metrics that gauge a hospital’s financial health. By monitoring indicators, creating transparency and responding...


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Blog

Rural Matters Podcast Features Brian Doerr, Carrie Zbierski, and Andra Smith

Rural Matters, a podcast featuring issues important to Rural America, recently spoke to Brian Doerr, Senior Vice President of Information Technology and Security, and Privacy Officer for Community Hospital Corporation of Plano, Texas; Carrie Zbierski, Chief Nursing Officer at North Texas Medical Center; and Andra Smith, Director of Practice Management at North Texas Medical Center about the evolving telemedicine presence in rural America and its capability to deliver specialty health services.

Before the pandemic, Doerr notes, rural areas accesses telemedicine in a limited way, due to regulatory and reimbursement restrictions...


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Videos

Rural Hospitals at Risk

The Value of Valify: an Interview with Jon Pruitt, SVP of Supply Chain at CHC


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Videos

Hospital Financial Distress Indicators

This one-minute video outlines financial warning signs that indicate financial trouble for your community hospital.


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Solutions

Operational Assessment: The First Step to Long-term Sustainability

Do you know where your hospital stands? Is it holding its own or barely holding on? CHC Consulting’s Operational Assessment determines your hospital’s status objectively and paves the path to performance enhancements and financial sustainability.

A Comprehensive Operational Assessment:

Includes a thorough review of operations Identifies strengths as well as areas for improvement Forms the basis for a performance enhancement plan with specific action steps

The Operational Assessment begins with an extensive review of data and documents, coupled with one-on-one interviews with individuals whose perceptions of the...


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Blog

The PPE Shortage—Mending a Crippled Supply Chain

While some states are lifting stay-at-home orders as new cases of COVID-19 level off, many rural areas are seeing an uptick in cases and may be weeks away from peaking. Therefore, rural hospitals are bracing for the same shortages that have already plagued bigger cities, including a dangerous dearth of ICU beds, staff, respirators, COVID-19 tests and—perhaps most widely reported in the media—life-saving personal protective equipment (PPE) including surgical gowns and heavier-duty N95 respirator masks.

Before the COVID-19 outbreak, most rural hospitals had ample supplies of PPE acquired through group...


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Blog

Rethinking Medical Supply Chain Costs: Good to Great

Many rural hospitals today — health care providers whose mission is to serve their community’s health care needs — are apprehensive about their own financial health. Increasing expenses, decreasing reimbursement and declining patient populations as well as hospital admissions place these hospitals at risk, threatening financial viability.

Besides salaries, supplies are the second-highest expense for hospitals. By reducing those costs and better managing the medical supply chain, a hospital can move its savings margin from good to great.

Unlocking Medical Supply Chain Savings In Order To Support Mission-Critical Objectives

CHC...


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