With hospital margins being squeezed more and more every day, administrators are tasked with trying to speed up cash flow in any way possible. One hotspot for hospitals over the past several years has been to speed up their revenue cycle by focusing on improvements in the front-end, back-end and everywhere in between. The ultimate […]
8 Ways To Speed Up Your Revenue Cycle Read More »
The short answer is – reprocessing processes are evolving, but not quickly enough. This is according to a series of recent studies Ofstead & Associates, based in Minnesota. The two studies, conducted at UPMC in Pittsburgh and another healthcare facility in the Midwest, both showed that risks of infections spread by endoscopes still exist even
How Much Have Endoscope Cleaning Practices Evolved In Recent Years? Read More »
Massachusetts General Hospital (MGH), the Boston-based, #3 ranked hospital according to US News and World Report, has successfully deployed RFID-based technology from Mobile Aspects to automate charge capture and inventory management across its procedural areas. MGH performs about 650,000 radiology examinations annually, and the Interventional Radiology (IR) department carries out around 15,500 procedures. In 2001,
How Massachusetts General Hospital Re-Captured $1 Million in Missing Revenue Read More »
The first trial accusing Olympus Corp. of wrongdoing associated with contaminated duodenoscopes in US hospitals has recently concluded. The jury ultimately decided that the Olympus duodenoscope’s design was not to blame for the death of a patient – though its lack of proper warning was determined to be partially responsible, as well as the actions
The Olympus Trial Verdict And What It Means For All Hospitals Read More »
On July 21, 2017, Fujifilm Medical Systems USA issued an Urgent Medical Device Correction and Removal notification to inform customers of a recall of its ED-530XT duodenoscopes. This voluntary recall includes the replacement of the ED-530XT forceps elevator mechanism including the O-ring seal, replacement of the distal end cap, and the provision of new Operation
Another Company Recalls Its Duodenoscopes Read More »
Maximizing revenue and patient satisfaction is a constant struggle in today’s healthcare environment. Many decisions result in improving one at the expense of the other. A recent presentation by Wise Health System at the Healthcare Financial Management Association’s ANI conference in Orlando spoke about how to accomplish both goals with a data-driven culture. The endeavor
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Kaiser Permanente’s Largo Medical Center in Maryland has issued a notice to 23 patients that they should undergo testing following the use of an improperly disinfected flexible endoscope in their cases. This recall, coupled with the recent issue at an armed forces facility in Qatar, continues to remind us of the risks that improperly reprocessed
Patient Recall in Maryland Continues Recent Spat of Endoscope-Related Issues Read More »
A recent study by a financial analysis team at the Advisory Board concluded that the average 350-bed hospital misses $22 million in lost revenue capture opportunities per year. With hospital margins often hovering near breakeven, that is $22 million in lost dollars that are sorely needed to shore up the bottom line. The reason hospitals
Average Hospital Leaving $22 Million On The Table Read More »
The recent revelation of a potential endoscope-related outbreak at the Al Udeid Air Base in Qatar reminds us once again of the risks that improperly reprocessed scopes represent to our patients. This unfortunate episode potentially exposed 135 airmen to such diseases as HIV, hepatitis B and C and other potentially fatal bugs. The most disturbing
What A Recent Outbreak in a US Military Hospital Can Teach Us Read More »
Why Explore Supply Tracking Automation? Hospitals and health systems in the US are typically generating annual revenues in the hundreds of millions to billions of dollars. Their profit margins are razor thin and getting squeezed tighter each day. Yet hospitals, and specifically their procedural areas like the ORs, Cath Labs and Interventional Radiology, are sitting
Comparing Supply Tracking Technologies Read More »