Editor's Note Understanding the impact of value-based care on the surgical suite (VBC) will be essential for hospitals to understand as payers begin to seek partners in new payment models. In a conference session yesterday, Lauren Cricchi, associate principal, financial services at Avalere Healthcare and Katie Sullivan, senior vice president,…

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Takeaways • Perioperative business managers can make significant contributions to a hospital’s financial health, but more than half of hospitals do not have this role. • Business managers’ earnings have increased in the past 5 years, while the number of direct reports has risen slightly. • The bachelor’s degree has…

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Editor's Note:  Hospitals and health systems are reporting improved operating margins and increases in revenue as they continue their long recovery from the effects of the COVID-19 pandemic, according to a January 10 report from Chief Healthcare Executive. Citing the National Hospital Flash Report from Kaufman Hall, the article notes…

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Editor's Note:  Investors see particular opportunity for mergers in healthcare and life sciences companies, Chief Healthcare Executive reported January 5. Citing the 2024 outlook of audit, tax, and advisory firm KPMG, the report notes that 61% of investors expect deal-making to increase in these sectors, while only 9% expect to…

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Takeaways Clinical hours per case is a simple, yet effective, productivity metric. Analysis of productivity measures can include benchmarking against external and internal data. A positive work culture will improve staff productivity. Productivity is a foundational concept for leaders of ambulatory surgery centers (ASCs). “Measuring productivity is essential to be…

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A previous issue of OR Manager included the article, "Building a business case for new technology," which featured tips from leaders at the University of Pittsburgh Medical Center on the importance of building a thorough business case for implementing new technology in the OR. With the next OR Business Management…

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Editor's Note This review published by the Journal of the American College of Surgeons shows that surgical scorecards, or cards that summarize information regarding the cost of surgical items and procedures along with comparisons to similar operations, have been shown to significantly reduce costs without impacting clinical outcomes when presented…

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Measuring productivity can be a burden for perioperative leaders and their staff, but it also can serve as a means for obtaining needed resources. Part 1 of OR Manager’s two-part series on productivity measurement focused on the value of measuring, challenges, and deciding what should be assessed (see September issue,…

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Editor's Note “I don't want to start by asking how many of you have been in your role for 1 to 5 years, or 5 to 10, or 10 to 20,” said Pamela Hunt, BS, MSN, RN, NEA-BC, FAAN, consultant and associate faculty at Indiana University, during the “Key Budgeting…

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Editor's Note Poor personal financial health has been linked to well-being, including burnout, substance abuse, and worsening personal relationships. This secondary analysis of a survey led by the Yale School of Medicine, New Haven, Connecticut examines the financial well-being of surgical residents in New England. A total of 250 surgical…

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