Costs & Cost Controls

Latest Issue of OR Manager
September 2023
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Session: Reducing staffing costs by decreasing minutes in the workday

Editor's Note In an informative presentation that focused on how data and electronic health records (EHR) played a key role in helping the team at Thomas Jefferson University Hospital understand the financial impact of turnover time inefficiency, Monica Young, MBA, RN, DNP, Vice President of Perioperative Services; Stefanie Landmesser, MSN,…

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By: Tarsilla Moura
February 7, 2023
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Session: Successful evaluation of new services, products for profitability

Editor’s Note “What problem does your OR have that you would like to solve?” posed Pamela Hunt, BS, MSN, RN, NEA-BC, FAAN, Executive Advisory, Consultant and Associate Faculty, Kelly School of Business, Indiana University, to the audience at the OR Business Management Conference. During her session, "No Margin, No Mission:…

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By: Bridget Brown
February 7, 2023
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Pre-Conference Workshop: Financial management and key concepts for success

To be a leader today you must be competent to understand the drive of financials, says Brandon Bennett, DNP, APRN, CNOR, CNS-CP, CSSM, CNAMB, NE-BC, adding that “optimization is critical.” Bennett discussed the significance of understanding financial management in the OR in the pre-conference workshop on Sunday at the OR…

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By: Bridget Brown
February 6, 2023
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Panel: Trends in the OR—What's driving profitability?

Editor’s Note Three panelists weighed in on which trends are impacting profitability in an OR Business Management Conference session titled, "Trends in the OR—What's Driving Profitability?" What is the area most affected by last year’s high inflation and supply shortages? Staffing expenses and shortages are continuing to "put pressure on…

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By: Bridget Brown
February 6, 2023
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More anesthesiology residency positions may help with staffing costs, workforce shortages

Editor's Note Adding more anesthesiology residency positions, even without federal funding, may help hospitals save staffing costs and address shortages of anesthesia personnel, finds a study presented January 27 at the American Society of Anesthesiologists’ ADVANCE 2023, in Orlando, Florida. Researchers from the University of Pittsburgh Medical Center compared the…

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By: Judy Mathias
February 1, 2023
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Incorrect anesthesia start times results in significant revenue loss

Editor's Note Inaccurately recording anesthesia start times is common and results in significant lost billing time for anesthesia practices and medical centers, finds a study presented January 26 at the American Society of Anesthesiologists’ ADVANCE 2023, in Orlando, Florida. The researchers, from Northwestern University McGaw Medical Center in Chicago, analyzed…

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By: Judy Mathias
January 31, 2023
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Editorial

For healthcare, and for hospitals and health systems especially, 2022 was one of the years with the worst financial performance seen in decades. Monthly reports throughout last year depicted rising costs, mostly exacerbated by the crippling staff shortages and a reliance on more expensive contract staff, and diminished profit margins.…

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By: Tarsilla Moura
January 19, 2023
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Digital transformation and its impact on OR utilization

Over my 40-year career—after starting at the bedside in surgical intensive care, moving to emergency medicine, and then to perioperative services—I have been fortunate to progress into executive leadership positions in academic medical center health systems and community hospitals, consult with a top global advisory firm, and now work in…

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By: Shawn Sefton, MBA, BSN, RN
January 19, 2023
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Hospitals implement internal staffing agencies as solution to shortages

Editor's Note Hospitals and healthcare systems across the nation continue to face the staffing challenges which emerged from the COVID-19 pandemic, reports January 9 Becker’s Hospital Review. This issue is a top priority for healthcare leaders who want to maintain adequate staffing in order to provide the best patient care.…

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By: Bridget Brown
January 9, 2023
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Kaufman Hall report: Hospitals report negative margins, November 2022

Editor's Note Healthcare systems across the nation were still operating with negative margins in November of 2022, according to Kaufman Hall’s December National Hospital Flash Report, noted the American Hospital Association on January 4. The report looked at data from over 900 hospitals and noted that median operating margins for…

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By: Bridget Brown
January 5, 2023
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