Economics

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October 2017
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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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Device manufacturers strengthening product guarantees

Editor's Note Faced with weak demand and falling prices, manufacturers are improving their product warranties and adding cost-sharing guarantees to compensate hospitals if their medical-surgical devices don’t perform as expected, Reuters reports. Among the companies offering the new guarantees are Medtronic, Johnson & Johnson, and St Jude Medical, which have…

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By: OR Manager
July 9, 2015
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Economic pressures lead ASCs to seek new owners

Fremont Surgery Center stands in America’s heartland, about 30 miles northwest of Omaha, Nebraska. It faces economic conditions typical of ambulatory surgery centers (ASCs) across the country: stable revenue but minimal growth prospects. Last year, however, Fremont made a strategic move that placed it in the industry’s vanguard. Fremont was…

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By: OR Manager
March 25, 2015
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Reducing emergency surgical procedures could save $1 billion

New research shows that even a modest 10% reduction in the proportion of emergency surgical procedures for three common conditions could save nearly $1 billion over 10 years. The study also showed significantly lower rates of mortality and better outcomes among patients who had these procedures on an elective basis.…

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By: OR Manager
January 15, 2015
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Increased patient safety, cost savings head list of overall accomplishments

In response to an open-ended question about what they considered their greatest accomplishments of the past year, OR directors and managers cited numerous examples. Their answers have been grouped into the categories listed below, which are arranged roughly according to how often most survey respondents cited advances in these categories.…

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By: OR Manager
October 1, 2013
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September Editorial

The economy continues to present staffing and budgetary challenges, our annual staffing survey finds; little has changed since the 2008 recession despite slightly better overall conditions (see cover story). Perioperative leaders report they’ve had to reduce overtime, eliminate open positions, and tell staff to take time off without pay in…

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By: OR Manager
September 1, 2013
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Survey finds continued economic stress for ASCs

Although economic difficulties have started to ease in some areas of the US, many ambulatory surgery centers (ASCs) are still feeling the pinch, according to the 23rd annual OR Manager Salary/Career Survey. More than one-fourth (28%) of respondents say economic conditions have caused financial difficulties for ASCs primarily because of…

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By: OR Manager
September 1, 2013
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