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…
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.…
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…
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…
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,…
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…
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…
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.…
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…
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…