Why hospitals’ finances are bouncing back this year

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Top Story Decreased Volume Variability & Declining Labor Expenses Are Helping Hospitals' Finances Bounce Back Hospitals' operating margins are still in a worse place than they were before the pandemic, but 2023 is ending up as a much more stable year for hospital finance than 2022, according to a new report from Kaufman Hall. Because this year hasn't had any large Covid-19 surges, hospitals have seen less variability in patient volumes. This has helped them allocate their resources more efficiently and decrease their reliance on expensive contract labor. Sponsored Content Startups: Apply for Nashville's Project Healthcare 2024 Cohort by Oct 13! Presented by Nashville Entrepreneur Center and MedCity News Nashville Entrepreneur Center is seeking applications from healthcare startups to take part in its Project Healthcare 2024 cohort.  Applications must be submitted by October 13 to be considered for the 2024 cohort! Click here to apply! Join Us in Dallas October 26th Be a part of the conversation on: wild west of AI, solving pain points, evolution of advanced research, leveraging data, femtech, value based care, ROI and so much more. Have you seen our exciting speaker line up? INVEST Digital Health. Reserve Your Seat Today

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Payer's Place: Camille Harrison, GuideWell What does the future hold with AI and the healthcare ecosystem? Camille Harrison with GuideWell, Florida Blue joins the Payer's Place to share her thoughts. Investors Share Perspectives on 2023 Deals and Offer a Look at Emerging Areas of Interest Investment trends will be a big theme at the HLTH event at the Las Vegas Convention Center October 8-11. In the runup to the conference, investors from Bessemer Venture Partners, Cleveland Clinic Innovations, Third Culture Capital and Intuitive Ventures offered their takes on 2023 investments. Already Partnered With Nvidia and Eli Lilly, Iambic Adds $100M for AI Drug Discovery Iambic Therapeutics brings together software engineers and drug-hunting scientists, all sharing the goal of using artificial intelligence to optimize properties of small molecule drugs. The startup will apply its Series B financing to a cancer drug pipeline that includes two candidates on track for the clinic in 2024. ICHRAs Are Gaining Steam, But Employers are Still Out of the Know ICHRAs provide employees with more choice on their health benefits. But many employers aren't very familiar with the new insurance model, executives say. Emerging Behavioral Health Technology: Keeping it Human-Centric While it's easy to be consumed by the latest technology and the potential influence it could have, it's important to remember the ultimate role these platforms should play when it comes to improved patient outcomes.  Providence Plans to Spin Out a New Patient Engagement Startup, Marking Its 4th Incubated Company Providence announced that it will spin out its fourth digital health startup in the first quarter of next year. The company, called Praia Health, offers a platform designed to build stronger relationships with patients by personalizing their healthcare journeys and connecting them to relevant resources and services. Individuals Living with Kidney Disease Deserve More From Our Healthcare System Policymakers must work to increase access to the Medicare Kidney Disease Education Benefit and expand the Medicare annual wellness benefit to include kidney disease screening. These reforms will catch disease at earlier stages and equip patients to better recognize their risk.

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MedCity Moves Podcast: Recent Hires, Layoffs & an Interview with Chris Allen, CFO at Keck Medicine of USC For September's guest interview, we were joined by Chris Allen, who recently became CFO at Keck Medicine of USC. Some of his recent past roles include CFO of Adventist Health and senior director of budget and decision support at UC Irvine Health. Listen Now

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