Costs & Cost Controls

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February 2021
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Expanding reprocessing programs can yield cost savings

The financial impact of COVID-19 on healthcare providers has been considerable. With experts predicting that half of all US hospitals would be operating in the red by the end of 2020, healthcare leaders have had to seek multiple ways to cut costs. The expansion of single-use medical device (SUD) reprocessing…

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By: OR Manager
January 19, 2021
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Access OR Manager Conference sessions by December 31

For the first time in its history, the annual OR Manager Conference was held virtually September 30 to October 2. Many things were different this year, but the robust educational content and advanced technology were the same as in previous years. In a post-conference survey, more than 60% of respondents…

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By: Elizabeth Wood
November 17, 2020
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Think 'outside the blocks' to shore up balance sheets

Editor’s Note: This article from Whitman Partners addresses some ways OR nurse leaders can help their health systems recover from the financial fallout and disruption in normal processes caused by the COVID-19 pandemic. Whitman Partners is a Portland, Oregon-based specialty search firm dedicated to placing directors of surgical services at…

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By: Carisa Brewster
October 21, 2020
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Consider a PSH as a post-pandemic strategy

Across the US, surgical services are estimated to comprise around 20% of national health spending and typically generate up to 70% of total health system revenue.1, 2 That makes surgical services the largest revenue generator for a hospital, supporting access to numerous other healthcare services. Considering the average hospital has…

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By: Barbara McClenathan, MBA-HCM, BSN, RN, CNOR and Lisa Branding, MHSA
October 21, 2020
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Incentive payments push staff to reach productivity goals

Any process improvement project is far more likely to succeed with backing from leadership. The familiar phrase, “the buck stops here,” reflects a mindset that applies to OR managers who take ownership of what happens to their patients and their staffs every day. But what if they could say, “the…

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By: Elizabeth Wood
October 21, 2020
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Survey: COVID-19 is a worry, but compensation remains stable

The COVID-19 pandemic is top of mind for ambulatory surgery center (ASC) leaders, finds the OR Manager 2020 Salary/Career Survey. Most of the 69 ASC leaders who completed the survey responded to an open-ended question about how the pandemic had affected their facility and staff, with the most frequent comments…

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By: Cynthia Saver, MS, RN
October 21, 2020
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Successful supply chain management in an ASC

With more technologically advanced procedures being performed in ambulatory surgery centers (ASCs), it’s increasingly important to monitor data on supplies and manage physician preferences for particular implants. Physicians don’t always realize that reimbursement is lower for many procedures performed in an ASC than in hospitals, and therefore they may not…

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By: Fawn Esser-Lipp, MBA, BSN, RN, CASC, CNOR
October 21, 2020
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ASCs reduce Medicare costs $4 billion annually

Editor's Note A new analysis of Medicare payment data by KNG Health Consulting shows that ambulatory surgery centers (ASCs) reduced Medicare costs by $28.7 billion from 2011 to 2018, a savings of more than $4 billion each year. The analysis also shows that, without policy changes, performing procedures on Medicare…

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By: Judy Mathias
September 29, 2020
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Pandemic raises OR nurse recruitment, management challenges

The COVID-19 pandemic continues to wreak havoc on OR managers’ lives, according to the 2020 annual OR Manager Salary/Career Survey. Many new developments related to the pandemic have occurred and continue to evolve since the spring and early summer, when the survey was deployed. However, the concerns stated by many…

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By: Cynthia Saver, MS, RN
August 21, 2020
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What does it take to become an ERAS hospital?

Leaders at Virginia Commonwealth University (VCU) Health System in Richmond started the journey to become an Enhanced Recovery After Surgery (ERAS) hospital in 2016 with the following problem statement: Across surgical specialties, and regardless of superior surgical technique, perioperative care, and anesthesia care, patients can experience extended length of hospital…

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By: Paula Spencer, MSHA, PMP, CPHIMS
August 21, 2020
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