Hospital Management

Leverage Your Electronic Medical Record Investment – You Only Spent Billions

August 30, 2017 / Big Data, Clinical Documentation, Hospital Finance, Hospital IT, Hospital Management, Operational Efficiency, The Business of Surgery /

You’ve seen the reports of larger healthcare systems and their investments into Electronic Medical Records (“EMR”). Most are spending hundreds of millions of dollars, and many are spending over a billion dollars!  This includes the actual software modules of the EMR, vendor labor-hours spent implementing the project, consultants, your hospital IT budget, servers, and so […]

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The Cost of Hospital Waste

August 30, 2017 / Cath Lab, Cost Reduction, Hospital Finance, Hospital Management, Operating Rooms, Radiology, Supply Chain, The Business of Surgery /

Each year, the US healthcare system wastes $765 billion according to a 2012 National Academy of Medicine study. According to the same study, that total eclipses the annual budget of the Defense Department and the amount could be used to cover the insurance coverage of 150 million American workers. While the numbers are staggering, there

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Using Surgeon Scorecards To Drive Down Costs In the OR

August 30, 2017 / Big Data, Cost Reduction, Hospital Finance, Hospital Management, Operating Rooms, Operational Efficiency, The Business of Surgery /

Recent studies have shown a strong link between sharing pricing data with physicians and a resulting drop in case costs.  The latest study to show this link was recently published in March 2017 in JAMA.  According to JAMA, the OR Surgical Cost Reduction (OR SCORE) project was conducted in a single health system with multiple

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ECRI List of 2017 Patient Safety Concerns Includes Inadequate Safety and Quality Systems

August 30, 2017 / Hospital Management, Infection Control, Managing Endoscopes, Patient Safety, Regulatory Compliance /

ECRI Institute’s annual list of patient safety concerns has been released.  One concern missing from the list that has been a staple for several years is the infection risk associated with inadequate cleaning of flexible endoscopes. With the number of incidences being reported by hospitals and the associated changes to scopes being issued by the

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How to Get More Value Out of Your EHR Implementation

August 30, 2017 / Big Data, Clinical Documentation, Hospital Finance, Hospital IT, Hospital Management, Operational Efficiency, The Business of Surgery /

Many US hospitals are now reaching the end of their electronic health records roll-outs.  Companies such as Epic and Cerner have reaped large windfalls from these implementations at most hospitals across the country.  While the software companies have benefited greatly from the implementations, many hospitals are left scratching their heads about how best to take

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Medical Device Makers to Partner With Hospitals to Achieve Triple Aim

August 30, 2017 / Hospital Management, Supply Chain, The Business of Surgery /

As the Centers for Medicare & Medicaid Services (CMS) announce the expanded rollout of the bundled payment programs, including the Comprehensive Care for Joint Replacement (CJR) program, medical device makers are seeing an opportunity to expand their relationships with hospitals.  Johnson & Johnson, for example, recently announced its CareAdvantage program that aims to partner with

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The Joint Commission Survey From a Hospital COO’s Perspective

October 9, 2017 / Hospital Management, Infection Control, Joint Commission, Managing Endoscopes, Patient Safety, Regulatory Compliance /

Recently, I had a chance to sit down with a couple of Chief Operating Officers (COOs) from hospital clients who use the iRIScope system from Mobile Aspects. The system was developed to help hospitals improve patient safety and documentation around flexible endoscope usage. According to the COOs, this has become a hot topic due to

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Data and the Healthcare Triple Aim

August 30, 2017 / Big Data, Hospital IT, Hospital Management, The Business of Surgery /

More hospitals are using the Triple Aim framework as a systematic approach to thinking about value. The Triple Aim framework from the Institute for Healthcare Improvement is designed to help hospitals optimize performance by focusing on three dimensions: Population Health, Experience of Care and Per Capita Cost. As hospitals dig deeper into the framework, they

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How Hospitals Can Drive More Value From Data Analytics

August 30, 2017 / Big Data, Cath Lab, Hospital Finance, Hospital IT, Hospital Management, Operating Rooms, Operational Efficiency, Radiology, The Business of Surgery /

As adoption of EMRs at hospitals reaches saturation, hospitals and health systems are now trying to figure out how to make the most of the vast amounts of data being collected by their information systems. Focusing on data analytics in the perioperative setting can drive significant value for a hospital, given the large share of

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Opposition to Medicare Bundles is Growing

August 30, 2017 / Cath Lab, Hospital Finance, Hospital Management, Operating Rooms, The Business of Surgery /

On December 20, 2016, the Centers for Medicare & Medicaid Services (CMS) announced the roll out of the Acute Myocardial Infarction (AMI), the Coronary Artery Bypass Graft (CABG), and the Cardiac Rehabilitation (CR) incentive payment models. With these programs scheduled to go live in July 2017, they will join expanded Comprehensive Care for Joint Replacement

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