Pivot Point Consulting, a Vaco Company

Pivot Point Consulting, a Vaco Company, is proud to announce that we’ve been named 2024’s No. 1 Best in KLAS: Managed IT Services and No. 1 Best in KLAS: Technical Services. We could not have done this without our superb team members, and we’re honored to be recognized for the support and passion we bring to our clients every day. Read the full press release here: https://bit.ly/42t4u7h #HealthcareIT | #BestinKLAS | #ManagedServices | #TechnicalServices | KLAS Research

In 2023, nonprofit hospitals and health systems had an average of fewer than 200 days of cash on hand, the lowest level in a decade. A recent S&P Global Ratings report attributed that to inflation and limited strengthening of reserves but noted that systems increased capital spending, with some taking on new debt. Median operating margins ranged from 2.5% to -2.7%. We help healthcare organizations improve their revenue cycle operations to improve financial processes, maximize revenue, reduce denials, increase point-of-service collections and deliver an exceptional patient experience. Learn more in the comments below. Read more: https://lnkd.in/gBuYdf7i I #Hospitals #HealthcareSystems #HospitalFinances #NonprofitHospitals HealthLeaders

Healthcare providers in California will soon have to disclose their use of generative AI for patient communications. That requirement is part of a flurry of recent AI-related laws the state passed. Another requirement is that insurers?consider California members’ medical history and clinical factors when using AI for prior authorization and coverage decisions. They must ensure AI tools are equitably applied, and a licensed clinician must decide whether services are medically necessary. The legislation is backed by the California Hospital Association. Read more: https://lnkd.in/gpcZtbdr I #AIHealthcare #HealthTech #AI #HealthcareData Modern Healthcare

The U.S. ranked last in health system performance among 10 high-income countries, according to a report from The Commonwealth Fund. The study evaluated 5 areas: ? Access to care ? Administrative efficiency ? Equity ? Health outcomes ? Care process Despite spending twice as much, the U.S. came in last for access, outcomes and overall, and second-to-last in administration and equity. The one bright spot? A second-place ranking for care process. Read more here: https://lnkd.in/e9NCxeUg I #Healthcare #HealthcareSpending #HealthEquity #USHealthcare Healthcare Dive

The U.S. Department of Health and Human Services (HHS) Office of Technology and the Health Sector Cybersecurity Coordination Center recommends healthcare organizations adopt a multi-layered security approach: 1.????Risk assessment 2.????Access control 3.????Incident response plan 4.????Continuous training We provide cybersecurity assessments, remediation planning, policy development and training to protect patient data and clinical systems against evolving threats. Learn how in the comments below. For a summary of the HHS presentation, click here: https://lnkd.in/gw7_xQbs I #Cybersecurity #HealthTech #HealthcareInnovation #HealthcareCybersecurity #HHS #HealthcareData JD Supra

Of U.S. health consumers: ? 48% are optimistic about the adoption of AI in healthcare ? 40% are willing to follow medical advice generated by AI ? 48% think it will increase access to healthcare ? 29% think it will improve patient outcomes These survey findings highlight the cautious yet growing interest in AI for healthcare. The keys to its success will be in how well it’s implemented. Missteps can be costly and harmful. Our experts can guide you in using AI effectively. Learn more in the comments below. See more survey results here: https://lnkd.in/gcFYW6e4 I #Artificialintelligence #HealthcareAI #HealthTech #HealthcareInnovation

“Bandwidth” and “burnout” are among the buzzwords most despised by healthcare executives. Others on the list, according to a Becker's Healthcare survey: ? Workforce crisis ? Providers ? Population health ? Value-based care What buzzwords get under your skin and why? Let us know in the comments. https://lnkd.in/gBvB3jd3 I #ClinicianBurnout #WorkforceCrisis #HealthcareBuzzwords #PopulationHealth #ValueBasedCare?

“We set out to do everything with purpose and to create a culture that aims to embrace and support the health and well-being of our people—whether that’s our employees, our consultants, or our clients.” –Rachel Marano, President & Founder. ? That quote from a Fast Company article speaks to our company culture that repeatedly wins Pivot Point “Best Workplaces” awards. The most recent win?is the 2024 Best and Brightest in Wellness Award from the National Association of Business Resources that honors excellence in the corporate community. ? Whether it’s our paid wellness days off or our Happyology program, we're committed to our employees' wellness and enabling them to thrive both professionally and personally. ? Click here to learn more about the award: https://lnkd.in/gXuQ-FQY?I #EmployeeWellness #BestPlacesToWork #EmployeeHealth

What is the ROI on AI? That was one of the most-asked questions at a recent HIMSS AI in Healthcare Forum where health system leaders pondered where, when and how to integrate the technology. Hospitals are bringing their legal and compliance teams into the conversation to develop strategies based on the best returns and greatest risks. Pivot Point Consulting helps healthcare systems realize ROI on AI by helping them turn their data into a strategic asset that can lead to significant savings and strategic insights. Find out how in the comments. Read more about the HIMSS conference here: https://lnkd.in/gSCYGCA6 I #HealthcareInnovation #DigitalHealth #DigitalTransformation #ArtificialIntelligence #HealthTech HealthLeaders

Median base salaries for healthcare executives have increased 3.8%, according to the Modern Healthcare 2024 Executive Compensation Survey. Among the survey findings: 1.????Rising base salaries reflect ongoing labor challenges 2.????Systems are realigning incentive packages as performance improves 3.????IT and cybersecurity executives are becoming a necessity 4.????Organizations are reassessing structures and redefining leadership roles 5.????Leaders are going beyond pay to cultivate internal talent Read more here: https://lnkd.in/giUvQNeD I #Hospitals #Healthcare #HospitalCEOs #Leadership #ClinicianBurnout #LaborChallenges #Cybersecurity