Tag: business

CABG, TAVR drive hospital revenue despite cost variations

Editor's Note Coronary artery bypass graft (CABG) surgery and transcatheter aortic valve replacement (TAVR) generate the highest overall financial returns for US hospitals, despite not being the most profitable per procedure, according to a February 13 report in Cardiovascular Business. The article covers an analysis of Medicare data, published in…

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By: Matt Danford
February 14, 2025
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Session: Anchors Away: 5 Strategies to Right-Size Your Inventory and Improve Supply Contracts

Editor's Note As executive director of the Association for Health Care Resource & Materials Management (AHRMM), Michael Schiller, CMRP, gets regular insight into strategies employed by healthcare organizations, suppliers, technology leaders and frontline staff—insight he was happy to share with OR business Management Conference attendees in a February 11 presentation.…

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By: Matt Danford
February 13, 2025
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Session: Navigating the Storm: Ensuring Operational Continuity Through Crisis Leadership

Editor's Note In an expansive session at the 2025 OR Business Management Conference, Tampa General Hospital's emergency management team demonstrated how proactive planning, strong partnerships, and real-time decision-making helped navigate multiple crises in 2024, including back-to-back hurricanes and a cyberattack on the state's blood supply. The session was presented by Erinn…

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By: Matt Danford
February 13, 2025
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Session: Crew Incentives: 3 Guiding Principles to Leverage Value Analysis Teams

Editor's Note Jasmine Hampton-Nicholson MSN, RN, CNOR, learned the value of a value analysis team (VAT) the hard way. “I thought that we had a very solid process for our value analysis team,” said the VP of perioperative services at Temple University Health System in a presentation at 2025 OR…

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By: Matt Danford
February 12, 2025
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Session: Anchoring Profits—Restructuring Inventory Practices to Secure $200 Million in Cost Savings

Editor's Note Restructuring inventory management has slashed costs and enhanced efficiency at Massachusetts General Hospital (MGH), presenters revealed at the OR Business Management Conference, touting an initial savings estimate of $200 million. Presented by Paul Flaherty, CRCST, Senior Manager Customer Service,   Joshua Gomez, MPH, Business Operations Manager, and Steve Spring,…

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By: Matt Danford
February 11, 2025
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Opening Keynote: Charting Your Course to Success—Financial Wins through Value-Based Performance

Editor's Note Although the central tenets of value-based healthcare have not changed, in many cases implementation has been reduced to little more than reducing costs, to the detriment of clinicians and patients. In a session at the 2025 OR Business Management Conference in February, economist Susanna Gallani, PhD, examined this…

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By: Matt Danford
February 10, 2025
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Pre-Conference Workshop: Foundational Leadership Practicum Certificate of Mastery

Editor's Note Asking questions at a business conference can go farther than one might think. Consider the new Foundational Leadership Practicum Certificate of Mastery (FLP-COM), created by CCI - Competency & Credentialing Institute in response to repeated questions about leadership certifications without formal mentoring or training in nursing. “We were…

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By: Matt Danford
February 10, 2025
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OR Business Management Conference, daily coverage begins

Editor's Note If you can’t join us in Tampa for this year’s OR Business Management Conference (ORBMC), we’ve got you covered. This week, newsletter subscribers will enjoy exclusive access to coverage of select sessions from the 13th annual event, hosted today through Wednesday at the Saddlebrook resort in Tampa, Florida.…

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By: Matt Danford
February 7, 2025
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Moody’s downgrades health insurance outlook as medical costs surge

Editor's Note Moody’s Ratings has shifted the health insurance industry’s credit outlook from stable to negative, according to a February 3 article in Fierce Healthcare. According to the article, the downgrade is due to escalating medical costs that outpace reimbursement rates. Analysts project an 8% rise in commercial market spending…

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By: Matt Danford
February 5, 2025
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Legislation proposes to halt Medicare physician payment cuts

Editor's Note A January 31 statement from the American Medical Association (AMA) announces the organization’s support for bipartisan legislation aiming to reverse steep Medicare reimbursement reductions threatening physician practices and patient care access. Introduced by a coalition of 10 House members, the "Medicare Patient Access and Practice Stabilization Act" would…

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By: Matt Danford
February 4, 2025
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