Business

Latest Issue of OR Manager
January 2018

Where are you on the value-based care continuum?

Healthcare providers are straddling a variety of payment models while many regulatory changes remain in flux under the Trump Administration. Although the shift from fee-for-service to value-based payment began some years ago, not everyone is on board. Opinions about bundled payments also remain mixed, despite reports of improved outcomes and…

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By: Elizabeth Wood
December 14, 2017
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Robotics: Building a winning business case

Robotic-assisted surgery offers many potential advantages, including shorter operative time, less morbidity, and faster patient recovery. But rigorous comparisons with traditional surgical methods and cost-effectiveness analyses are still limited, and the price tag of the robot (in the neighborhood of $1 million) and annual maintenance contract (roughly $150,000) may give…

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By: Susan London
December 14, 2017
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Surgical robot market poised for growth

Editor's Note A Meddevicetracker analysis expects the global market for robotically assisted surgical devices to see an 11.7% compound annual growth rate, reaching $5.3 billon by 2021, the November 10 Medtech Insight reports The market is being led by Intuitive Surgical’s da Vinci systems, although the analysis predicts more competition…

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By: Judy Mathias
November 15, 2017
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Editorial

Session evaluations from the 2017 OR Manager Conference attendees gave uniformly high marks to the keynote speakers. A common theme in many of their presentations was workplace attitudes. They discussed challenges such as converting the disengaged to the highly engaged employee, and fostering a sense of ownership. A workshop on…

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By: Elizabeth Wood
November 15, 2017
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San Antonio to host 2018 OR Business Management Conference

With each passing year, the business of healthcare delivery grows more complex—never more so than in 2017, when a new administration began to grapple with a major overhaul of the Affordable Care Act and changes to provider payment models. Thanks to an unprecedented number of proposals submitted for the 2018…

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By: Elizabeth Wood
November 15, 2017
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The Silent Partner in OR Management: Use Strategic Marketing to Enhance Surgical Business

After this session you’ll be able to: 1. Explore primary care referral patterns to align with surgeons. 2. Describe tools and resources available in your hospital to measure and monitor relationship management. 3. Develop your own low- and no-cost tools to help measure and monitor relationship management. Why this is…

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Healthcare adds 21,500 jobs in October

Editor's Note Healthcare added 21,500 jobs in October to a seasonally adjusted 15,830,700 employees, the Bureau of Labor Statistics reported November 3. That’s 300,600 more than a year ago. Hospitals, specifically, added 2,800 jobs in October to a seasonally adjusted 5,130,700 employees, which is 72,400 more than a year ago.…

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By: Judy Mathias
November 7, 2017
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Value of voluntary bundled-payment program unclear

Editor's Note For the third year in a row, researchers with the Lewin Group couldn’t determine whether Medicare’s voluntary Bundled Payment for Care Improvement initiative cuts costs and improves care, the October 31 Modern Healthcare reports. The Centers for Medicare & Medicaid Services (CMS) funded analysis found that although providers…

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By: Judy Mathias
November 1, 2017
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Manufacturers optimistic about repeal of medical device tax

Editor's Note On October 24, 179 House members (including 43 Democrats) signed a letter to Speaker Paul Ryan (R-Wis) calling for repeal of the medical device tax, the October 25 issue of The Hill reports. The medical device tax, which was included in the Affordable Care Act to help pay…

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By: Judy Mathias
October 27, 2017
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AHA study: Regulatory overload is unsustainable

  Editor's Note A study from the American Hospital Association (AHA) finds that the regulatory burden faced by healthcare providers is substantial and unsustainable, the October 25 AHA News Now reports. Hospitals, health systems, and post-acute care providers spend nearly $39 billion annually on administrative activities to comply with federal…

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By: Judy Mathias
October 26, 2017
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Track ASC metrics to produce a healthy bottom line

Each day seems to bring new tasks for leaders of ambulatory surgery centers (ASCs), adding to their already overflowing plate. One task that can easily fall off that plate is collecting and analyzing metrics, yet failing to do so can have serious financial consequences. OR Manager recently asked ASC leaders…

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By: Cynthia Saver, MS, RN
October 19, 2017
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New Manager Bootcamp: Understanding Key Business Concepts in Your Transition to the Manager Seat

After this session you’ll be able to: 1. Identify strategies to keep productivity on target. 2. Discuss actions to successfully manage the capital budget. 3. Describe details that need to be included when making a business case. Why this is important: You’re not in Kansas anymore! As new managers, your…

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