Costs & Cost Controls
Orthopedic hospital uses 'price point' strategy to lower implant costs
Total joint arthroplasty volumes have ballooned in the last two decades, and reimbursement has not kept pace with costs. Rising implant prices are a major driver of hospital spending on these procedures. As the aging US population creates growing demand for joint replacement, controlling implant costs is becoming a top…
Contract management is a challenging but critical component of cost control
Loopholes in supply contracts can wreak havoc with a supply budget, but attention to detail and proper terminology can help OR managers take charge instead of being charged unnecessary fees. “Not managing your agreement will cost you 12% to 25% of the spend or 100% of any savings achieved,” Girard…
Formula for successful cost control includes hard data plus surgeon champion
With decreasing Medicare reimbursements and increasing pressure to reduce costs, OR leaders everywhere are looking for creative solutions to balance their budgets. At Thomas Jefferson University Hospital (TJUH) in Philadelphia, standardizing surgical mesh looked like a way to save a bundle, and indeed a $1.5 million savings over a 3-year…
Firm policies and the right procedures tip the cost-benefit balance toward flip rooms
We spoke recently with surgery department leaders at an academic medical center in the Midwest. One of their biggest concerns was a challenge faced by many ORs today: “Flip rooms are just killing us.” Most surgeons prefer the efficiency and revenue potential of a flip room schedule. But for hospitals,…
Survey finds surgeons largely unaware of orthopedic device costs
More than $150 billion is spent annually on medical devices in the United States, with orthopedic and cardiac procedures accounting for almost all of Medicare’s device-related expenditures. Most of the recent increases in such expenditures have been related to the wider use of orthopedic devices, which is expected to grow…
ASCs seek efficiencies to offset decline in reimbursement
About 70% of respondents to a nationwide survey of ambulatory surgery centers (ASCs) say they are trying to cut costs in reaction to changes brought about by healthcare reform. That’s the major finding of a nationwide survey of 359 administrators, directors, and office managers in ASCs, cancer centers, home health…
Collaborate with surgeons and vendors to control high-end supply costs
OR Business Performance is a series intended to help OR managers and directors improve the success of their business. Surgical supplies are a major component of OR expenses. In the July issue of OR Manager, we showed how controlling spending on low- and mid-priced supplies can reduce overall costs.…
Taking small steps to control supply costs yields a much better bottom line
OR Business Performance is a series intended to help OR managers and directors improve the success of their business. Surgical supplies are a major cost category for hospital ORs. Depending on the specialty and the procedure, supplies may represent 50% or more of total costs per case. Unfortunately, new…
Better business performance is a critical competency
OR Business Performance is a new series intended to help OR managers and directors improve the success of their business. Imagine that you were recently hired as director of perioperative services at a 450-bed hospital with 18 operating rooms. Now, 6 months into your tenure, it’s time for your…
Standardizing to control costs of spinal implants
When Kimberley Murray, MS, RN, CNOR, administrator for the orthopedic and spine service line at St Joseph’s Hospital (SJH) in Syracuse, New York, set up a successful system for negotiating with orthopedic vendors on total hip and knee replacement surgery, she knew that spine implants would be the next mountain…
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