In today’s healthcare environment, it’s more important than ever to maximize the revenue your hospital is receiving for each procedure. Hospitals are being squeezed from both ends – declining reimbursements and increasing supply costs for more complex medical devices. Research shows that the average 350-bed hospital is missing $22 million in revenue capture opportunities per […]
Are You Maximizing Your Revenue Per Procedure? Read More »
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
How to Use Data to Get Lean With Medical Devices and Increase Patient Safety Read More »
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
How Your Medical Devices Can Tell You When They’re About To Expire Read More »
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
Be Transparent With Physicians on Pricing to Drive More Value Read More »
With the seemingly endless amount of information clinicians are required to enter into medical records software each day, it comes as no surprise that doctors and other hospital staff are looking for short-cuts to reduce their documentation burden. At our customers, we’ve seen copying and pasting of data from templates or other patient records to
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Big data has been a buzzword in the healthcare industry for the past few years, but more often than not, the benefits of big data have been hard to quantify. Not so for St. Louis, Missouri-based Mercy health system. Mercy has recently turned big data findings in the perioperative area of their hospitals into savings
How Big Data In The OR Saved One Health System Nearly $10 Million Last Year Read More »
In talking with our hospital customers, case mix index (CMI) often comes up as a source of confusion and misunderstanding by clinical staff. CMI is widely tracked by employees on the financial side of the hospital, but not monitored nearly as closely on the clinical side, so its impact is widely misunderstood. CMI is an
Why Case Mix Index Matters To Your Hospital And How To Maximize It Read More »
Recently, dozens of societies representing different members of the medical community joined together to support the appreciation of scientific evidence, education and investment. Groups as varied as the American Academy of Pediatrics, the American Psychiatric Association and the Association of American Cancer Institutes joined the cause to fight what they feel is an onslaught of
Medical Groups Come Out In Support Of The Importance Of Scientific Evidence Read More »
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
Why You Need To Focus On Data Quality In Your Electronic Medical Record Today Read More »
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
Leverage Your Electronic Medical Record Investment – You Only Spent Billions Read More »