Literature Review

Hospital staffing shortages draws hundreds to California rally AFSCME, American Federation of State, County & Municipal Employees; by UNANC/UHCP and AFSCME International Staff; 5/21/24 SACRAMENTO, Calif. – More than 400 health care union members went to the California state Capitol during National Nurses Week this month to appeal to the state’s elected leaders to fix the nursing education backlog and hospital staffing issues that affect patient care. ... Rally participants pressed lawmakers to make health care education and training programs more accessible so students remain in their California communities for their health care careers. They also appealed to lawmakers to empower health care professionals to enforce safe staffing standards in the state’s hospitals.Editor's Note: Pair this article with others in today's issue, in our "Education" section.

Walmart Health is closingWalmart; 4/30/24Back in 2019, we launched Walmart Health centers. During our five-year journey, we made meaningful impacts with patients while continuing to learn, pivot and evolve. While our mission to help people save money and live better remains, today we are sharing the difficult decision to close Walmart Health and Walmart Health Virtual Care. Through our experience managing Walmart Health centers and Walmart Health Virtual Care, we determined there is not a sustainable business model for us to continue.

HCA's CEO-to-worker pay ratio over the past 5 years Hospital CFO Report; by Andrew Cass; 4/22/24 Nashville, TN-based HCA Healthcare CEO Sam Hazen was paid between 254 and 556 times more than the health system's median employee since becoming the health system's chief executive in 2019, according to proxy statements filed with the Securities and Exchange Commission. ... Here is how the ceo-to-median-worker pay ratio has changed the past five years: ...

The Dos and Don’ts of enhanced service contractsSpecialty Pharmacy Continuum; by Marcus A. Banks; 4/25/24 ... Any pharmacy that interacts with patients—an independent pharmacy, an ambulatory infusion clinic, a health system or specialty pharmacy—can enter an enhanced service contract with a pharmaceutical company. All services offered under these contracts should be documented, auditable and offered at fair prices. Before approaching the company about partnering, Mr. Suchanek advised understanding the distinction between basic and enhanced services. ... “Pharmacy leaders need to demonstrate that they are credible partners,” [David] Suchanek said [Executive Vice President for  Biotech & Specialty Services at D2 Solutions].

Executive compensation at HCA, CHS, Tenet and UHS: 7 things to know Becker's Hospital Review, by Alan Condon; 4/16/24 Most of the top-earning executives, including CEOs and CFOs, at four of the largest for-profit health systems in the U.S. saw their overall compensation increase in 2023, according to proxy statements recently filed with the Securities and Exchange Commission. Seven things to know about executive compensation at HCA Healthcare (Nashville, Tenn.), Community Health Systems (Franklin, Tenn.), Tenet Healthcare (Dallas) and Universal Health Services (King of Prussia, Pa.): ... [Click on the title's article for salary figures.]

Former nursing home CEO gets 2.5 years, must pay $11 million restitution for neglecting payroll taxes McKnights Long-Term Care News, by Josh Henreckson; 4/9/24The former CEO of a healthcare administrative services company was sentenced Friday to 30 months in prison followed by two years of supervised release for failing to pay more than $10 million in payroll taxes at companies he owned. Josef Neuman had been CEO of a Lakewood, NJ, company that provided services to nursing homes and other healthcare providers, including around 20 that Neuman also co-owned. 

I’m a CEO: Here’s how much I made in my first role & how that inspired me to keep going Nasdaq.com, by Martin Dasko; 4/10/24 If you’ve ever wondered what a CEO made in their first job, we’ve spoken with someone who shared insights into his journey from an entry-level position to being in charge of an entire business. [Lessons:]

Hospital charity care falls short of nonprofit tax breaks: Lown Modern Healthcare, by Caroline Hudson; 3/26/24The vast majority of nonprofit hospitals aren't providing a level of community support equal to the value of what they are receiving in tax breaks, according to a study published Tuesday. ... Using 2021 Internal Revenue Service data, Lown found about 80% of nonprofit hospitals, or more than 1,900 out of 2,425 hospitals, received more in tax break benefits than the support provided to communities.

Other Business Headlines of Interest, updated 3/28/24 per nasdaq.com

15 top health system workplaces, per USA Today Becker's Hospital Review, by Giles Bruce; 3/21/24 Fifteen health systems were named top workplaces in the U.S. by USA Today and human resources technology company Energage. Released March 20, the Top Workplaces USA 2024 list was determined using Energage's confidential employee engagement surveys and participating company benchmarks that take into account years of workplace culture research. [Click on the title's link to view these 15 health systems]Editor's Note: Each of these health systems has a hospice and/or palliative program. We honor your commitments and innovations to ensure "top workplace cultures" for your employees. 

Aging Media Network, a WTWH media company, announces 2024 Aspect Awards WinnersSkilled Nursing News, by Jessica Longly; 3/18/24 Aging Media Network, a WTWH Media company, is proud to announce the 2024 Aspect Awards winners. With more than 60 submissions across the categories of Behavioral Health, Home Health & Home Care, Hospice & Palliative Care, Senior Housing & Senior Living, and Skilled Nursing (SNF), the focus on innovation and creativity is sharper than ever before. [Click on the title's link for the full list. Of note for this newsletter's readers:]

What's not talked about in healthcare enough? Becker's Health IT, by Naomi Diaz; 3/14/24 In the rapidly evolving landscape of healthcare technology, industry leaders express a common concern: the overshadowing of fundamental practices by the allure of cutting-edge innovations. Becker's asked seven hospital and health system leaders at the HIMSS 2024 annual meeting: What's something in healthcare or the health tech space that is not talked about enough?

5 hospitals seeking CEOs Becker's Hospital Review, by Kelly Gooch; 3/11/24 Here are five hospitals that recently posted job listings seeking CEOs.|