Cost Reduction

New Study Puts Price Tag of US Healthcare Waste At Nearly $1 Trillion

A new study published in the Journal of the American Medical Association (JAMA) estimated the annual cost of waste in the US healthcare system between $760 billion to $935 billion. The study, conducted by researchers at Humana and UPMC, looked at 54 published reports that explored the costs of waste in US healthcare. As this […]

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How To Use Predictive Analytics In The Hospital Supply Chain

Many hospitals still rely on manual processes or antiquated technologies for managing their expensive supplies and implants. The concept of predictive analytics and artificial intelligence (AI) in their supply chains may seem like a remote possibility, but this doesn’t necessarily have to be the case. Advances in hospital supply chain technologies over the last decade

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How RFID Can Streamline Your Hospital’s Supply Chain

With hospitals turning over every cushion to find new ways to reduce costs without sacrificing quality of care, RFID technology is coming up more often as a worthwhile technology to consider in order to save millions of dollars per year. One of the most effective use cases for RFID technology in healthcare is to track

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Leading Heart Hospital Expands Use Of Supply Automation System From Mobile Aspects To Increase Efficiencies

A leading heart hospital in Texas has expanded its use of a leading supply automation technology to reduce costs and increase efficiencies in its Operating Rooms (ORs). The hospital has been regarded as one of the top cardiology focused hospitals in the state of Texas since it opened over a decade ago. The hospital has

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Are Your Endoscopes Being Reprocessed Too Slowly? How to Use Data to Speed Things Up

With all the protocols that endoscope techs and sterile processing staff must follow to properly high level disinfect every scope, flexible endoscopes can disappear into a black hole when they are needed most – only to pop up again when it is too late. There are several contributors to this inefficiency: long waiting periods in

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Are Stock Outs Giving You Headaches? How To Eliminate Them With Supply Automation Software

With many hospitals still relying on manual processes or antiquated technologies for managing their expensive supplies and implants, they are facing a multitude of consequences that are affecting their ability to provide safe and efficient healthcare. Some of the consequences of inadequate supply management techniques include using expired implants, gross overstocking of supplies, poor revenue

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The Problem With Broken Endoscopes And How To Avoid Them

Flexible endoscopes can cost a hospital a lot of money – and cost patients valuable time – when going through avoidable repairs. Repairing flexible endoscopes often requires expensive maintenance from third-party organizations, delayed or canceled cases due to unusable scopes and procurement of expensive loaner scopes to handle the required workload. Spending time and effort

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Survey: Hospital CFOs Planning To Focus On Cost Reductions In 2020

According to a recent survey, a vast majority of hospital financial leaders agreed that focusing on cost reductions will be one of their main priorities in 2020. The same survey also revealed that hospital CFOs and other financial leaders need to bulk up their investment in data analytics and management dashboards. The survey, conducted by

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Why Hospitals Need To Re-Evaluate Their Supply Chain Automation Efforts

Over the last decade, hospitals have made a varying amount of investments into their supply chains to drive costs out of their organizations. While many hospitals have been at the forefront of moving to automation technologies such as RFID and bar-coding, many other hospitals still rely on pen and paper-based manual processes to run their

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Are You Reprocessing Endoscopes Efficiently?

In today’s environment, Endoscopy and PeriOperative departments need to be very careful to follow their endoscope reprocessing protocols extremely closely. With all the reports of superbug outbreaks due to the inadequate disinfection of scopes, it is the primary job of sterile processing (or whichever department oversees reprocessing scopes) to provide safe endoscopes to use on

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