Operational Efficiency

How Hospitals Can Help Offset the Rising Costs of Heart Valve Replacement Surgery

Hospital Finance, Hospital Management, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

Due to an aging population, the number of patients with heart valve disease requiring valve replacement is expected to rise, reaching more than 800 000 annual procedures worldwide by 2050. The total cost of these surgeries is expected to grow by 10% through 2025, reaching over $10 billion. The cost of an average heart valve to […]

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The Growing Cost of Medical Implants and How Proper Inventory Management Can Help

Hospital Finance, Hospital Management, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

Costs of medical implants are growing rapidly and according to one recent estimate, the medical implants market reached $89.2 billion in 2020 and is growing at 6.5% annually. As implants are a required, rapidly growing expense for the healthcare industry, hospitals should manage their implant inventory consciously. Surgery is an expensive and complicated endeavor, and

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Nurses Face Severe Challenges With Supply Chain Issues

Hospital Finance, Hospital Management, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

A new survey conducted by Sage Growth Partners revealed that a vast majority of nurses feel overwhelmed with supply management tasks and are looking for better software tools to help alleviate the burden. The survey reached out to over 100 nurses – 50 nurse leaders and 50 front-line nurses – and asked them a series

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How One Hospital Used Data To Cut Its Endoscope Reprocessing Time In Half

Hospital Finance, Hospital Management, Managing Endoscopes, Operational Efficiency /

High-quality endoscope reprocessing is paramount for patient safety, but hospitals must also make sure that they are being efficient in reprocessing to maintain a profitable operation. Many patient safety hazards can occur if a single process is skipped or mishandled, so hospitals must be thorough in their processes. As hospitals are continually trying to find

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Burnout in the Healthcare Industry and How Better Technology Can Help To Alleviate It

Clinical Documentation, Hospital Management, Operational Efficiency /

We are in midst of a global pandemic, with healthcare providers on the frontlines struggling to keep up with the needs of patients who are fighting COVID-19. Amid uncertainties, changing guidelines, and intermittent access to personal protective equipment, there have been increasingly burdensome demands placed on healthcare providers all over the world. Even before the pandemic,

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Studies Show That US Clinicians Spend More Time In EHRs Than Clinicians In Other Countries

Clinical Documentation, Hospital IT, Hospital Management, Operational Efficiency, The Business of Surgery /

A pair of recent studies highlighted the extraordinary amount of time that US clinicians spend documenting their encounters in electronic health records (EHRs). While previous studies have looked at the general amount of time that clinicians spend documenting in EHRs, these particular studies looked at the gap between US-based clinicians and clinicians based in other

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Fitch Ratings Foresees Dark Days Ahead For Hospitals

Cost Reduction, Hospital Finance, Operational Efficiency, Supply Chain, The Business of Surgery /

Covid-19’s recent resurgence is straining already struggling hospitals that were showing recovery signs in the 3rd quarter of 2020. With the increasing infection rates of Covid-19 around the country during the holiday season, a combination of voluntary and forced reductions of elective procedures is negatively impacting hospitals’ bottom line. Hospital operating margins suffered severely during

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Report Shows That Hospital Margins Continue To Shrink During Pandemic

Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, Supply Chain, The Business of Surgery /

With Covid-19 showing no signs of abating, and with the pandemic most likely consuming the US healthcare system for the next 6-12 months, hospitals and healthcare systems must continue to rein in costs in order to operate profitably for the short- and medium-term. Even after Covid-19 is finally under control, it may take some time

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Texas Health System Successfully Reprocesses N95 Masks Using Hydrogen Peroxide

Cost Reduction, Hospital Finance, Hospital Management, Infection Control, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

With the US projected to continue to have a shortage of N95 masks for the duration of the Covid-19 pandemic, several hospitals are testing various methods of sterilizing masks to enable multiple uses. Researchers at the Memorial Hermann – Texas Medical Center in Houston recently oversaw a series of tests where N95 masks were reprocessed

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Ensure Employee Accountability With A Vocera Tracking System

Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, The Business of Surgery /

Many hospitals have implemented Vocera smartbadges throughout their campus in order to improve communication between employees. These devices have become ubiquitous in some of the busiest areas of the hospital to help improve collaboration and reachability. However, due to the sheer number of smartbadges in circulation at some hospitals, tracking and maintaining the devices has

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