Martin C. Daks

1 month ago | njbiz.com | Martin C. Daks

The basics:NJ hospitals are under pressure from rising costs, low reimbursements and possible tariffsNJBIZ spoke with some health care insiders to see how they’re meeting the demand for care, given the tight financesVirtua Health, Valley Health System and Holy Name Medical Center share insights A variety of medical cost increases – coupled with fluctuating insurance provider reimbursement rates and looming tariff hikes – are placing health care organizations under financial strain.

1 month ago | njbiz.com | Martin C. Daks

The basics:Health care networks like HMH and Atlantic Health are expanding virtual and hybrid care options‘Hospital at Home‘ models provide inpatient-level care remotelyTelemedicine, AI as well as urgent and ambulatory care centers improve access and reduce costsDriven by growing demand for convenience, accessibility and cost-effective models that do not compromise quality, health care institutions are meeting patient needs with services outside of traditional settings.

1 month ago | njbiz.com | Martin C. Daks

The basics:NJ hospitals adopt AI and other tech tools to reduce staff burnoutWellness programs and flexible schedules support work-life balanceTeam-based care models aim to improve patient outcomes and moraleHospitals are under fire, grappling with issues like persistent nursing and other staff shortages, and clinician burnout, according to a recent American Hospital Association report. How are New Jersey-based health care institutions responding?

2 months ago | njbiz.com | Martin C. Daks

President Donald Trump‘s trade policies are sending some companies scrambling to revise their supply chain and other strategies, experts told NJBIZ. But it’s not an easy job. New tariffs are a moving target that can significantly increase the cost of imported goods, driving many businesses to reevaluate their supply chains and operational strategies.

2 months ago | njbiz.com | Martin C. Daks

Singer BJ Thomas had a hit in 1969 with “Raindrops Keep Falling on My Head.” Today though, tariffs keep falling on the heads of U.S. trading partners. How can businesses keep ahead of this? Import less, reshore more? Should inventory-heavy companies change their accounting methods (Last In, First Out vs First In, First Out) to reflect the change in pricing? A lot of eyes will be turned to the White House, observed Luis Abad, an international tax principal at KPMG.