Economics

Latest Issue of OR Manager
December 2017
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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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Cost-effectiveness of appendectomy for abscessed appendicitis

Editor's Note Appendectomy is cost-effective for abscessed appendicitis in patients less than 34 years old, this study finds. For an 18-year-old patient, appendectomy costs $9,417.22 with a gain of 16.59 quality-adjusted life years (QALYs), compared with no appendectomy, which costs $11,613.57 with a gain of 16.52 QALYs. For a 35-year-old…

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By: Judy Mathias
August 15, 2016
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NYC hospital downsizing in response to changes in care models

Editor's Note New York City’s (NYC’s) 825-bed Mount Sinai Beth Israel hospital will close in 4 years and be replaced by a much smaller 70-bed facility while expanding outpatient surgery, primary care, and behavioral health services, the May 25 New York Times reports. Officials blame the high cost of health…

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By: Judy Mathias
June 1, 2016
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Cost-effectiveness of free colonoscopy for high-risk uninsured

Editor's Note Performing free colonoscopies for uninsured patients at high risk for colorectal cancer can identify cancers at an earlier stage and is cost neutral for a health system, this study finds. Of 682 uninsured patients screened, 9 cancers ( 1 stage 0, 3 stage I, 2 stage II, and…

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By: Judy Mathias
May 26, 2016
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Study: Performing total knees in high-volume hospitals could save billions

Editor's Note If all total knee replacements were performed at high-volume hospitals, it could save the US healthcare system between $2.5 and $4 billion annually by 2030, finds a study presented March 4 at the annual meeting of the American Academy of Orthopedic Surgeons. In this study of nearly 90,000…

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By: Judy Mathias
March 7, 2016
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US healthcare spending grew 5.3% in 2014

Editor's Note Overall US spending on healthcare grew 5.3%, and per-capita spending grew 4.5% in 2014, the Centers for Medicare & Medicaid reports. The share of gross domestic product allotted to healthcare spending was 17.5%, up from 17.3% in 2013. The increase in spending was primarily driven by coverage expansion…

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By: Judy Mathias
December 9, 2015
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Medical schools including healthcare costs in curricula

Editor's Note Medical schools are beginning to teach students about healthcare costs and payment models as more patients enroll in high-deductible insurance plans and healthcare moves toward value-based care, according to a report by Kaiser Health News/KPCC/NPR. An Association of American Medical Colleges survey found that 129 of 140 responding…

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By: OR Manager
September 14, 2015
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Hazards of hospital consolidations

Editor's Note Consolidation of hospitals into massive chains threatens healthy competition, reduces patient choice, and could drive up costs, Martin A. Makary, MD, and other Johns Hopkins researchers say. In this commentary, they caution the Federal Trade Commission to be more vigilant when hospital systems seek approval to consolidate and…

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By: OR Manager
August 18, 2015
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Medicare patient mortality, hospitalizations, and expenditures down

Editor's Note Deaths, hospital stays, and spending all decreased for Medicare patients from 1999 to 2013, this study finds. In 1999, the all-cause mortality rate was 5.3%, and by 2013 that rate had fallen to 4.5%. Hospitalizations decreased from around 35,000 per 100,000 annually to 27,000 per 100,000. Inpatient inflation-adjusted…

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By: OR Manager
July 30, 2015
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Healthcare spending to grow 5.8% annually

Editor's Note The Centers for Medicare & Medicaid Services Office of the Actuary estimates that healthcare spending will grow an average of 5.8% each year from 2014 to 2024. The estimate is higher than the projection of 5.7% made a year ago. Prior to the Affordable Care Act in 2014,…

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By: OR Manager
July 29, 2015
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