Operating Rooms

How One Health System Negotiated Its Way To $1.5 Million In Annual Savings On Ortho Implants

HonorHealth, a Scottsdale, Arizona-based health system with over $1.7 billion in annual revenues, recently undertook a process to identify cost savings opportunities across the system. Early on, the joint-replacement service line jumped out as a prime candidate for cost savings. An early analysis by the five hospital system and their group purchasing organization pointed out […]

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Expensive Medical Supplies Stolen From Hospitals

A medical supply rep from Maryland was recently charged in the theft of expensive medical kits from area hospitals that he later sold on eBay.  Each of the medical kits were sold for approximately $33,000 each, netting the man nearly $200,000. As this article from The Washington Post explains: “Burke Slater, 52, of Gaithersburg, was

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Medical Device Recalls Reach Historic Highs In 2018

The first quarter of 2018 included 343 medical device recalls by the US Food and Drug Administration (FDA). This was the highest for a first calendar quarter of any year on record and was up 126% from 2017. Experts point to the proliferation of software on medical devices as a primary driver for the record

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Supply Stock-Outs Have An Outsized Effect On The Bottom Line

A recent survey conducted by Cardinal Health showed that 40% of hospital staff have cancelled a case due to an out-of-stock supply, and 69% of staff have had to delay a case while a missing supply is being tracked down. Having spoken to hundreds of staff in operating rooms, cath labs and interventional radiology labs,

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The Key To Figuring Out Your Cost Per Case

Historically, the cost of a surgical procedure has been a difficult equation to solve. As the US healthcare system moves more and more toward a value-based system, hospitals require now more than ever an accurate understanding of their procedure costs. These accurate procedure costs then need to be compared to outcomes in order to perform

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How To Set And Track Hang-Time Limits For Flexible Endoscopes

Hang-time limits for flexible endoscopes have been a hot topic among GI, Infection Control and Sterile Processing professionals for the last several years. With no consensus emerging in hang-time limits (sometimes called an endoscope’s shelf life), hospitals are left to make this decision on their own. With different stakeholders within the hospital looking at different

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How To Create A Digital Audit Trail For Your Tissue

Tissue and related specimens present a unique tracking challenge for hospitals and surgery centers – these often expensive and occasionally one-of-a-kind items are required to be closely monitored during the hospital’s handling of each unit. The US Food & Drug Administration (FDA), state Departments of Health and hospital accreditation bodies, such as The Joint Commission

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Increasing Procedural Revenue

For the past several decades in healthcare, inventory has been managed independently from the rest of the business of providing healthcare. When you step back and look at how supplies impact the business of providing healthcare, you’ll see that hospitals can benefit greatly from extending the visibility of supplies to clinical documentation and billing. Charges

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Medicare To Consider Tracking Unique IDs For Medical Implants

As discussed in a recent article, recalled medical devices continue to be a patient safety and financial concern for hospitals and insurers. A recent study by Medicare estimated that over a 10 year span, they spent over $1.5 billion on surgeries and follow-up for over 73,000 patients implanted with one of seven defective heart devices. 

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How Michigan Medicine Tracks Tissue To Meet Joint Commission Standards and Reduce Costs

University of Michigan Hospitals and Health Centers (U-M) in Ann Arbor, Michigan is one of the nation’s top medical centers, and was recently named the #6 hospital in the United States according to the 2016-17 Best Hospitals Honor Roll rankings by US News and World Report.  As the main medical campus of the Michigan Medicine

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