The Business of Surgery

Ensuring Precision in Blood Management: The Power of iRISecure – Blood Tracking

February 20, 2024 / The Business of Surgery /

In the intricate realm of healthcare, precision is paramount, especially when it comes to managing blood inventory. Every transfusion must be meticulously tracked to guarantee the right blood reaches the right patient at the right time. This critical task demands a sophisticated solution that not only enhances patient safety but also streamlines inventory management processes. […]

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Transforming Hospital Supply Chain Efficiency: A Case Study in Inventory Turnover

January 19, 2024 / Hospital IT, The Business of Surgery, Uncategorized /

In the relentless pursuit of cost reduction and operational efficiency in healthcare, the spotlight is increasingly on transforming hospital supply chains. Surgical implants and supplies, significant contributors to supply costs, have historically been managed inefficiently, with top-down ordering and a hands-off approach to inventory management. Amid this landscape, a pivotal metric has emerged as a

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The Crucial Role of Inventory Turnover in Hospital Supply Chain Efficiency

October 29, 2024 / Hospital IT, Hospital Management, Supply Chain, The Business of Surgery /

As healthcare paradigms continue to shift, hospital executives are increasingly focused on reducing costs and improving efficiency. One of the most scrutinized areas in this effort is the hospital supply chain, particularly the management of surgical implants and supplies, which constitute a substantial portion of overall supply costs. Traditionally, a top-down approach—where physicians dictate stock

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Streamlining Hospital Operations: How RFID Cabinets and iRISupply Enhance Inventory Management

April 2, 2024 / Hospital Finance, Revenue Cycle, The Business of Surgery /

In the dynamic world of healthcare, efficient inventory management can make all the difference in delivering quality patient care and maintaining a financially sustainable operation. Hospital administrators and clinicians alike understand the challenges of keeping track of a vast array of supplies, devices, and implants. In this blog, we’ll explore how the combined power of

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How a Software Solution Can Help Automate the Bill-Only Item Process in Hospitals

October 12, 2021 / Supply Chain, Clinical Documentation, Hospital Finance, Revenue Cycle, The Business of Surgery /

The healthcare supply chain has come a long way over the past few decades. For most hospitals, the supply chain included mainly manual processes for obtaining resources, managing supplies, and delivering goods and services to providers and patients. Because there are thousands of products and services that go through a hospital’s supply chain, along with

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

October 12, 2021 / 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

September 15, 2021 / 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

October 12, 2021 / 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 Supply Chain in the Healthcare Industry has Evolved, and Where It’s Going From Here

April 16, 2021 / Hospital Finance, Revenue Cycle, Supply Chain, The Business of Surgery /

Healthcare supply chain management has come a long way. Just a decade ago the supply chain in hospitals included mainly manual processes for obtaining resources, managing supplies, and delivering goods and services to providers and patients. Now, most hospitals no longer rely on manual processes to keep track of their supplies. While there are still

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Mobile Aspects Releases Software To Streamline Blood Bag Management In Hospitals

February 10, 2021 / Blood Management, Clinical Documentation, Hospital Management, Infection Control, Patient Safety, Regulatory Compliance, The Business of Surgery /

Why is Blood Bag Tracking Necessary? In many hospitals across the world, the tracking and documentation of blood bags are inherently difficult processes. Blood bags are typically stored in fridges and cooling chambers in central areas of the hospital such as the Emergency Department. When transfusion becomes necessary during a surgery, one or many blood

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