Business

Latest Issue of OR Manager
October 2017

Conference takes OR business leaders to the next level

More than 400 surgical services directors, business managers, and thought leaders gathered in New Orleans in early February for the 2017 OR Business Management Conference. They came to explore new technology, learn from experts in the field, and network with their peers. They left with a wealth of ideas on…

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By: Elizabeth Wood
February 17, 2017
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Hospital teaching status and Medicare payments, outcomes

Editor's Note Risk-adjusted Medicare payments for an episode of surgical care were similar at teaching and nonteaching hospitals for three complex surgical procedures, this study finds. Teaching vs nonteaching hospital payments included: abdominal aortic aneurism repair−$29,946 vs $27,993 pulmonary resection−$25,407 vs $26,813 colectomy−$34,949 vs $30,352. Very major teaching hospitals had…

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By: Judy Mathias
February 10, 2017
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Building a business case for new technology

OR leaders besieged by surgeons and others clamoring for the latest innovations must ensure that the business case for any new technology makes good sense both for patients and the organization’s bottom line. Building a strong business case requires careful assessment, clear writing, and a strong partnership with the finance…

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By: OR Manager
January 18, 2017
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Collaboration spells success for award winner

The inaugural Best in OR Business Award will be presented at the 2017 OR Business Management Conference in New Orleans on February 1. The award recognizes an individual who demonstrates strong business acumen with the ability to make complex logistical decisions, meet scheduling demands, think strategically, and focus on the bottom line.…

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By: OR Manager
January 18, 2017
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Reimbursement denials diminish with more precise precertification

With no increases in reimbursement on the healthcare horizon, the leadership team at Advocate Good Samaritan Hospital in Downers Grove, Illinois, knew they needed to maximize revenue capture. The team, including Katrina Spears, MAOL, manager of business and informatics, used Lean methodology to improve precertification and reduce denials, resulting in…

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By: OR Manager
January 18, 2017
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Adding new business to the ASC, one procedure at a time - Part 1

An ambulatory surgery center (ASC) looking to expand its market may want to add new procedures, but only after careful consideration of resource investment versus ultimate benefit. In the first of a three-part series, OR Manager explores surgical specialties that appear to show promise for the outpatient setting. One of…

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By: OR Manager
January 18, 2017
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Surgical receipt raises quality standards, lowers costs

Increasing costs and shrinking margins have continued to pressure business managers and senior hospital leadership to rethink strategies for raising surgeons’ awareness of product and nonlabor costs within the OR. Often providers are asked to cut costs but are unaware of the actual costs of the products they use. In…

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By: OR Manager
December 14, 2016
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Variation in hospital and surgeon payments for general vs orthopedic procedures

Editor's Note Hospital and surgeon payments for routine general and orthopedic surgical procedures vary greatly, this study finds. Hospital payments averaged $12,744 for general surgery procedures and $22,386 for orthopedic procedures. Orthopedic surgeon reimbursement on average was twice as high as general surgeon payments ($2,349 vs $1,191). Postoperative complications resulted…

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By: Judy Mathias
December 2, 2016
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OR business conference brings big ideas to the Big Easy in 2017

Trends such as bundled payment models, adding service lines, and increased competition among providers are just some of the challenges facing today’s OR business leaders. Year over year growth of the annual OR Business Management Conference attests to the need for expert advice on the increasingly complex world of budgets,…

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By: OR Manager
October 17, 2016
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Smart marketing helps ASCs attract patients and surgeons—Part 1

Recent developments, including the push to outpatient services, increased consumer engagement, and a focus on outcomes, have made ambulatory surgery centers (ASCs) well positioned in the healthcare marketplace. But as with any marketplace, it takes bold thinking and thoughtful strategy to ensure an ASC stands out to consumers, physicians, and…

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By: OR Manager
October 17, 2016
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