Technavio, a technology research and advisory company, has released a five-year forecast for the global gastrointestinal (GI) endoscopy devices market. Their research shows an expected cumulative average growth rate of nearly 6% from 2016-2020. This large and growing market is expected to reach a total size of $5 billion by 2020. The global move towards […]
Endoscope Market Showing No Signs of Slowing Down Read More »
Putting surgeons in the know regarding their OR spend can help hospitals reduce costs drastically. This is the main finding from a study published in JAMA Surgery by a study team at the University of California, San Francisco. A test group of surgeons who received monthly feedback on their OR costs reduced their spend by
How Physician Feedback Can Save Millions In Your OR Read More »
Disposable medical supplies are responsible for over 2,000 tons of physical waste per day, and they are making a huge impact on OR profits. A recent study by University of California, San Francisco noted that an average of nearly $1,000 of disposable medical supplies per procedure were wasted in their neurosurgical department. This equated to
How Operating Rooms Are Throwing Millions of Dollars Away Each Year Read More »
With all the recent outbreaks related to flexible endoscope usage, proper cleaning of scopes continues to be top of mind for hospitals and patients. The FDA has recently released guidance on mitigating the risk from cross-contamination of scopes, which can be found here. Whether or not this guidance will help reduce the likelihood of a
How Will Recent FDA Guidance On Endoscope Reprocessing Impact Hospitals? Read More »
A leading organization again named Endoscope Reprocessing one of its top 10 Health Technology Hazards for 2017. For several years now, ECRI Institute has listed Endoscope Reprocessing near the top of its annual list of health technology hazards. ECRI (www.ecri.org), a nonprofit organization, dedicates itself to bringing the discipline of applied scientific research to healthcare
Endoscope Reprocessing Again Near the Top of Health Technology Hazards List for 2017 Read More »
Senior executives at Olympus have recently declined to make any comment regarding emails that have surfaced in an investigation by Kaiser Health News and the Los Angeles Times. The emails seem to point to Olympus managers treating the infection risk to patients due to improper cleaning of duodenoscopes as “acceptable.” This article found at Kaiser
Silence on Endoscope-Related Outbreaks Continues Read More »
Moving to buying medical devices direct from manufacturers can yield huge financial benefits for hospitals. Loma Linda University Medical Center in California drastically eliminated reps in orthopedics after a long internal struggle to do so. They reported savings of about $1 million annually, or 50 percent on the cost of the devices, without affecting outcomes.
Moving to the ‘Rep-Less’ Model For Medical Devices to Save Money and Reduce Risk Read More »
What is Case Mix Index (CMI)? Medicare and Medicaid created a CMI score to help properly reimburse hospitals for services provided to inpatients (CMI doesn’t apply to outpatients). The CMI is an attempt to measure the resources needed to provide proper care for patients. An article from Health Leaders Media titled CDI Programs Drive Up Case
Increase Surgical Revenue – Part 3 of 3 (Case Mix Index) Read More »
I attended a fascinating session at the Becker’s Roundtable conference for CEO/CFO/CIO’s. Being a technology geek, I love hearing and seeing how technology is improving the cost of providing healthcare. The power of data can truly be amazing as in this example! For years, hospitals have been isolated from each other on how much they
If you haven’t yet attended one of Scott Becker’s “CEO/CIO Roundtable” Conferences, do try to make one of his next semi-annual meetings. Becker assembles a disparate group of speakers and powerhouse hospital luminaries to share best practices in a rather intimate environment, and attendees are absolutely unafraid to challenge moderators and speakers during sessions. After
Move it or Lose It!! Read More »