Financial challenges were the "top concern" for community hospital CEOs in 2011, the eighth straight year the issue has ranked No. 1, according to an annual American College of Healthcare Executives (ACHE) survey.
For the survey, ACHE asked 514 community hospital CEOs to rank 10 issues in order of relative concern and then to give specific concerns within each of those issues.
According to the results, hospital CEOs said health reform implementation was the No. 2 top concern for the third consecutive year, while government mandates and patient safety and quality shared the No. 3 spot.
Other top concerns included care for the uninsured, physician-hospital relations, patient satisfaction, technology, personnel shortages, and creating accountable care organizations.
- What are the major forces shaping hospital margins across the next decade? Access the Health Care Advisory Board study, Running on Medicare Margins, to read about best practices for developing a comprehensive margin improvement strategy.
Among executives who were concerned about finances:
- 88% said they were concerned with Medicaid reimbursement;
- 88% with government funding cuts;
- 78% with Medicare reimbursement;
- 71% with bad debt; and
- 54% with decreasing inpatient volumes.
Thomas Dolan, president and CEO of ACHE, says personnel shortages likely could become more of an issue as the economy recovers, noting that many hospital employees plan to retire when their financial situation improves (Barr, Modern Healthcare, 1/28 [subscription required]).
Next in the Daily Briefing
IOM: The 'big nine' chronic conditions