Operating Rooms

How Hospitals Can Prepare For The Coming Wave Of Bundled Payments

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

In December 2016, the Centers for Medicare & Medicaid Services (CMS) finalized regulations regarding the Cardiac Rehabilitation (CR) Incentive Payment Model. This new bundled payment program affects over 1,100 hospitals nationwide and how they are paid for their heart attack and bypass surgery cases. The goal of this program, which has joined the orthopedic bundling […]

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How One Hospital Uses Advanced Analytics to Drive Savings and Improve Outcomes

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

Geisinger Health System, a leading health system in Eastern Pennsylvania, has begun realizing tremendous benefits from a data analytics program established in 2015. The hospital’s Unified Data Architecture (UDA) collects and stores data from electronic medical records and other data sources to provide a holistic view of a patient’s health. Benefits of the UDA so

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How Physician Feedback Can Save Millions In Your OR

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

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

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How Operating Rooms Are Throwing Millions of Dollars Away Each Year

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

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

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Moving to the ‘Rep-Less’ Model For Medical Devices to Save Money and Reduce Risk

October 12, 2021 / Cath Lab, Cost Reduction, Hospital Finance, Hospital Management, Operating Rooms, Radiology, The Business of Surgery /

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.

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Increase Surgical Revenue – Part 3 of 3 (Case Mix Index)

November 30, 2017 / Cath Lab, Clinical Documentation, Hospital Finance, Hospital Management, Operating Rooms, Radiology, Revenue Cycle, The Business of Surgery /

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

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Increase Surgical Revenue – Part 2 of 3 (Documentation Improvement)

November 30, 2017 / Cath Lab, Clinical Documentation, Hospital Finance, Hospital Management, Operating Rooms, Radiology, Supply Chain, The Business of Surgery /

Why is documentation so important for proper reimbursement for surgical procedures? In order to get properly reimbursed for a surgical procedure, you must be able to prove through documentation what you’re are trying to get reimbursedfor.  If you can’t prove it, then you will not get paid for it. Government programs such as Medicare and

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Increase Surgical Revenue – Part 1 of 3 (Charge Capture)

November 30, 2017 / Cath Lab, Clinical Documentation, Hospital Finance, Hospital Management, Operating Rooms, Radiology, Revenue Cycle, The Business of Surgery /

In the past and for most of healthcare today, inventory has been managed independently from the rest of the business of providing healthcare. Recent articles ( 7 Reasons to Merge Revenue Cycle and Supply Chain Management ) have suggested the benefits of combining supply chain and revenue cycle. When you step back and look at

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Patient Safety Impact of Medical Device Recalls

August 30, 2017 / Cath Lab, Operating Rooms, Operational Efficiency, Patient Safety, Radiology, The Business of Surgery /

What is a Medical Device Recall? A recall is an action taken to address a problem with a medical device that violates FDA law. Recalls occur when a medical device is defective, when it could be a risk to health, or when it is both defective and a risk to health. A medical device recall

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Daily Dose: Study – Knee replacement procedures double, Emerging as critical healthcare cost

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

Daily Dose: Curious how the U.S. spends $2,300,000,000,000 ($2.3  Trillion) annually on Health Care?  Follow @mobileaspects for a daily look at the numbers of Healthcare Recently the Wall Street Journal revealed that the number of knee replacements paid for by Medicare has more than doubled over the past two decades.  Is the explosive growth of

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