Archive for April, 2006

MBA Update

Sunday, April 9th, 2006

I haven’t done an update on my MBA progress for a while. I’m just now finishing my second year of the 4 year, distance MBA program through Colorado State University. The distance cohort is an extension of the evening, MBA program at Fort Collins, CO–there is no full time MBA program. Nevertheless, the program is AACSB accredited and the Business School ranks in the top 100.

My current course on Business Economics will finish in a few weeks and I’ll have the summer off this year. For now however I am 1 DVD lecture behind and have my first project coming due in a week. This actually isn’t too bad. Lectures for this course occur on Tuesday evenings and I receive my DVD on Friday mornings–I will be caught up before the next lecture arrives. Previous to Econ I took Statistics. I entered the course with a measure of dread but actually came out quite well (B+), an outcome that is due in a large part to high-quality teaching staff. I can only hope for the same with economics.

After this…

Only two more years to go!

Health Illiteracy

Sunday, April 9th, 2006

Physicians at the University of arizona and at the University of North Carolina have developed a quick reading test to help assess patients’ individual cognitive levels to help them tailor their teaching accordingly. Patients are asked to read a nutrional label on a product and are then asked six simple questions. This test, which the doctors have called ”the newest vital sign,” can be completed in the span of time in which the patient’s other vital signs such as pulse, temperature, respirations and blood pressure are measured. The February issue of Healthcare Financial Management points out a study indicating on average, that those with a 3rd grade reading level or less cost Medicaid $10,000 annually while patients with more developed skills average only $3000.

More Hospitals, Less Beds

Sunday, April 9th, 2006

According to USA today, America is enjoying a historic building boom in new-hospital construction. Construction spending for the past five years has exceeded spending in the previous five years by 47%. Bed capacity however, has fallen. Bed capacity in 2004 fell by 18000 to 808,000. Some of the change may be attributable to long anticipated regulatory rules requiring ”private-room-only” for all patients.

What Keeps Healthcare CEOs up at Night?

Sunday, April 9th, 2006

Modern Healthcare reports that over two thirds of US hospital CEOs interviewed cited finances as their biggest worry. Healthcare staffing ran a distant second. Interestingly, Hospitals in the USA have reported an average 5.2% margin for 2004 with a slightly hire margin anticipated for 2005 when all accounts are in. On the other hand, another recent article suggests that 4% would be a more realistic estimate for 2004. With that kind of ambiguity it’s hard to know what to worry about the most.