Headaches of Hospital Leaders Validate Need for Health Care Data Solutions

Hospital CEOs have bigger headaches than most, as their institutions face a growing demand for services and rising costs. As a result, for the 13th year in a row, hospital managers put financial challenges at the top of a list of their leading administrative afflictions, according to a recent survey by Becker’s Hospital Review*. The frustration centers on new regulations and the complex transmutation of health care still underway as a result of the Patient Protection and Affordable Care Act (ACA). Government mandates and patient safety and quality appeared as No. 2 and No. 3 on the blacklist, which means that solution providers like ORhub, Inc. (ORHB) (ORhub Profile), Medical Transcription Billing, Corp. (MTBC), Cerner Corporation (CERN), Quality Systems, Inc. (QSII) and Allscripts Healthcare Solutions, Inc. (MDRX) are in a good position to alleviate some health care industry challenges.

The financial issue that poses the knottiest challenge is Medicaid reimbursement. In the report, 63 percent of respondents identified this as their chief concern. Increasing costs for staff and supplies pose another threat to their institutions, said 60 percent of respondents, while reducing operating costs worried 55 percent of those sampled. Participants were asked to select all the issues that affected them and not just the one that was of the greatest concern. These data indicate that a majority of hospital managers view…

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