OR Business

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February 2024
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Stryker unveils ortho robotic technologies, updates at AAOS meeting

Editor's Note Stryker Corp announced its plans to showcase new joint-replacement technologies and updates to its Mako surgical robotic platform at the American Academy of Orthopaedic Surgeons (AAOS) meeting in San Francisco, according to a February 16 article in The Robot Report. The announcement includes the introduction of myMako and…

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By: Tarsilla Moura
February 16, 2024
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Hospital institutes $100,000 bonuses to improve nurse retention

Editor's Note Palomar Health, a hospital system in Escondido, California, reports improvement in nurse retention after instituting $100,000 sign-on bonuses for new nurses and $100,000 retention bonuses to current staff paid over a three-year period.  Becker’s Hospital Review reported the news on January 17. The $100,000 bonuses were instituted in March…

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By: Brita Belli
February 12, 2024
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Healthcare employment up in January

Editor's Note Healthcare employment in the US rose by 70,300 from January to February, according to the latest report from the Bureau of Labor Statistics, released on February 2. That is compared to an overall monthly gain of 353,000 in January—similar to the 333,000 gained in December—for a total of…

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By: Brita Belli
February 9, 2024
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Save the Date for OR Business Management Conference 2025

Editor's Note After three days of education and networking last week at the 2024 OR Business Management Conference (ORMBC) last week, we’ve already got our sights set on next year. Mark your calendar for February 9-12, 2025, for another chance to hone in on OR profitability at the 13th iteration…

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By: Matt Danford
February 9, 2024
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Session: What to expect from healthcare policy, regulation in 2024

Editor's Note Since the pandemic, the view of the healthcare industry in congress has essentially gone from “hero to zero” – a shift with potentially big implications for the healthcare business leaders gathered at yesterday’s closing session from Soumi Saha, PharmD, JD, senior vice president of government affairs at Premier…

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By: Matt Danford
February 8, 2024
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Session: How to make the case for a robotic services line

Editor's Note Robotic surgery can improve patient outcomes, reduce costs, and improve efficiencies and turnover time, but only if it’s done right. In a conference session yesterday,  Michelle Toder, MD offered insights, best practices, and lessons learned during two decades of experience in pioneering robotic applications in weight loss and…

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By: Matt Danford
February 8, 2024
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Session: Imminent supply chain disruptors—What's your business continuity plan?

Editor's Note “Can cost and resiliency co-exist?” Michael Schiller, CMRP, executive director (interim) of the Association for Healthcare Resources and Materials Management—a professional membership group of the American Hospital Association—asked this session’s audience on the last day of the OR Business Management Conference. “They can co-exist,” he said, “but resiliency…

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By: Tarsilla Moura
February 8, 2024
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Session: How value-based care will impact surgical services

Editor's Note Understanding the impact of value-based care on the surgical suite (VBC) will be essential for hospitals to understand as payers begin to seek partners in new payment models. In a conference session yesterday, Lauren Cricchi, associate principal, financial services at Avalere Healthcare and Katie Sullivan, senior vice president,…

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By: Matt Danford
February 7, 2024
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Session: What are the legal implications of AI in healthcare?

Editor's Note How will healthcare regulators deal with artificial intelligence? How will malpractice law change, and who will be liable for harm derived from AI diagnosis and treatment recommendations? What can be done about bias in AI? Even amid a surge in algorithms cleared by the FDA, all of these…

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By: Matt Danford
February 7, 2024
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Session: OR optimization driven by more than just data

Editor's Note For Northwell Health University System, a large hospital system in New York state, saving millions in OR expenses in just a few years’ time was possible not just through meticulous analytics, but also cultural transformation. This was among the chief conclusions of a session led by Adam Becker,…

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By: Matt Danford
February 6, 2024
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