Operational Efficiency

How Massachusetts General Hospital Re-Captured $1 Million in Missing Revenue

October 5, 2021 / Clinical Documentation, Hospital Finance, Hospital Management, Operational Efficiency, Radiology, Revenue Cycle, The Business of Surgery /

Massachusetts General Hospital (MGH), the Boston-based, #3 ranked hospital according to US News and World Report, has successfully deployed RFID-based technology from Mobile Aspects to automate charge capture and inventory management across its procedural areas. MGH performs about 650,000 radiology examinations annually, and the Interventional Radiology (IR) department carries out around 15,500 procedures. In 2001, […]

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How to Use Data to Get Lean With Medical Devices and Increase Patient Safety

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

We’ve all seen it (and maybe even done it ourselves) – thousands of dollars of medical devices tucked away in our desks, filing cabinets, ceilings, wherever we can find a secret space. This isn’t a practice intended to waste hospital dollars, it’s done with the best intention – patient safety. When a patient needs a

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How Your Medical Devices Can Tell You When They’re About To Expire

October 5, 2021 / Big Data, Cath Lab, Hospital IT, Operating Rooms, Operational Efficiency, Radiology, Supply Chain, The Business of Surgery /

A recent survey conducted by Cardinal Health showed that 24% of hospital staff have seen or heard of an expired product being used on a patient during a procedure (original article here). This comes as no surprise, as we have witnessed the usage of expired inventory at hospitals first-hand.  Without the proper processes and vigilance

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How To Make Your Scopes Tell You When They’re Missing

August 30, 2017 / Cost Reduction, Hospital Finance, Hospital IT, Managing Endoscopes, Operating Rooms, Operational Efficiency /

All successful endoscopy practices within private practices and hospitals face the same dilemma – how do I track down scopes that have gone missing? With numerous docs, interns, techs and nurses all having access to all the scopes in your facility, it’s a near impossibility to keep track of all of your scopes with 100%

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Be Transparent With Physicians on Pricing to Drive More Value

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

One of the biggest obstacles to value analysis teams within hospitals is physicians who are reluctant to switch devices or vendors.  Physicians often grow attached to certain medical devices, with good reason – they have been proven to work for them and their patients.  Often times, showing evidence that a substitute item with similar functionality

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How To Make Your Scopes Tell You When They Need To Be Washed

August 30, 2017 / Cost Reduction, Hospital IT, Managing Endoscopes, Operating Rooms, Operational Efficiency /

There has been a lot of discussion lately about the number of days a flexible endoscope can safely be in storage before another cleaning is required. Different medical societies like SGNA, ASGE, AORN and APIC have come out with guidance on what the appropriate hang-time limits are. Some hospitals that we’ve talked to have listened

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Why You Need To Focus On Data Quality In Your Electronic Medical Record Today

October 5, 2021 / Big Data, Clinical Documentation, Hospital IT, Operational Efficiency, The Business of Surgery /

Data integrity is becoming a focal point of many hospitals that have recently gone live with their multi-million dollar electronic medical record (EMR) systems.  While moving from paper to electronic medical records helps hospitals improve EMR accessibility and portability, it does not do much in the way of removing human error.  This becomes a potential

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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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3 Dangers of Expired Medical Devices

October 5, 2021 / Cath Lab, Operating Rooms, Operational Efficiency, Patient Safety, Radiology, The Business of Surgery /

A recent survey conducted by Cardinal Health showed that 24% of hospital staff have seen or heard of an expired product being used on a patient during a procedure.  This comes as no surprise, as we have witnessed the usage of expired inventory at hospitals first-hand.  Without the proper processes and vigilance to prevent these

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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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