Tuesday, February 23, 2010

Hospital Social Media Adoption Data Via Ed Bennett Ed Bennett has updated his hospital social media data on his blog Found in Cache. This time he has dug a bit deeper into the data and produced some interesting findings. He also very kindly provides access to the raw data of US hospital social media use(excel file) to perform your own analysis. After qualifying the number of hospitals to those over 100 beds and that have open access to social media platforms, Ed suggests that there is now a 53% adoption rate of social media for US hospitals. Without the qualifiers, however, this number is closer to 14% of all hospitals in the US. Personally, in regard to hospitals embracing social media as a valuable method of promoting and monitoring their brand, we still have a long way to go. If it's true, as Ed suggests, that about 50% of the hospitals in the US are still blocking access to social media there are still some major roadblocks for mass adoption. Ed also gives some great reasons as to why he believes the adoption rates are higher for larger hospitals. The disparity should not be a surprise. Smaller hospitals, like those with less than 100 beds, have less resources to invest in most outward facing services. There’s usually only one person responsible for everything – marketing, public affairs, media relations, web development, philanthropy, etc. No wonder social media isn’t a priority. In fact only 14% (65) of the hospitals on my list have less than 100 beds, and 86%...
Revenue Continues to Drop for Major Healthcare Staffing Firms The top two staffing agencies in the industry continue to see their revenue decline. Yesterday, Cross Country Healthcare Inc. reported a fourth-quarter revenue decline of 39.7% to $124.1 million from fourth quarter 2008 revenue of $205.9 million. In addition, Cross Country's nurse and allied staffing revenue fell 47.1% on a year-over-year basis to $65.4 million. However, on a slightly positive note, their revenue in this area rose 2.1% sequentially from the third quarter. They also reported fourth-quarter net income of $398,000 compared with a net loss of $161.3 million in the same period in the previous year. Today, AMN Healthcare announced similar numbers. AMN reported fourth-quarter revenue fell 51.1% on a year-over-year basis to $144.7 million. However, their relative good news was that their gross margins improved, reporting improvements from 25.7% to 28.4% from the previous years quarter. AMN's fourth-quarter nurse and allied healthcare staffing revenue also fell 64.3% to $74.0 million from $207.3 million in the year-ago quarter. Unlike Cross Country, revenue in the segment fell 9.9% sequentially from the third quarter. "I'm certain most would agree that 2009 represented the most challenging year in the history of the healthcare staffing industry," President and CEO Susan Nowakowski said. "The unprecedented rise in unemployment and severe economic contraction wreaked havoc and resulted in precipitous drops in demand volumes unlike any other time." Sadly, signs of economic recovery for the healthcare staffing industry still seem distant.

Jason Lander

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