Tag: Growth

New report predicts surge in ASC volume over next decade

Editor's Note New findings from health consultant Sg2’s 2024 Impact of Change report projects a 21% increase in ambulatory surgery center (ASC) volume, to reach 44 million by 2034, ASC Focus July 8 reports. An aging population, better diagnostics, and epidemiological factors are driving this demand, Tori Richie, senior consulting…

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By: Tarsilla Moura
July 17, 2024
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US healthcare spending outpaces GDP, tracks toward $7.7 trillion by 2032

Editor's Note Growth in healthcare spending is outpacing nominal economic growth, Hospice News reported June 12. Citing a study from the Office of the Actuary (OACT) at the Centers for Medicare and Medicaid Services (CMS), the outlet reports that healthcare spending’s share of GDP is projected to rise from 17.6%…

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By: Matt Danford
June 13, 2024
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Built to grow: Key elements of planning a new ASC

Are you part of the ambulatory surgery center (ASC) construction boom? If so, you’re not alone. Approximately 116 new facilities opened in 2023, according to Becker’s ASC Review, and more are planned for and underway in 2024. This trend shows no signs of slowing. Fortune Business Insights projects the US…

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By: Brendan Dooley
May 24, 2024
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Industry leaders share main growth opportunities for ASCs

Editor's Note Following are various growth opportunities for ambulatory surgery centers (ASCs), as identified by four industry leaders and published by Becker’s ASC Review on May 10: Sean Hartzell, principal of ECG Management Consultants, identified: Growth potential in shifting low- to medium-acuity and single-night stay cases from hospitals to ASCs…

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By: Tarsilla Moura
May 15, 2024
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Academic medical centers identify performance-improvement priorities

Editor's Note Amid a decline in the financial performance of academic medical centers (AMCs), McKinsey surveyed 100 of these institutions about what actions they are taking to improve, according to an April 12 report in Becker’s Hospital Review. According to the Becker’s article, the top 10 “operational levers” indicated by…

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By: Matt Danford
April 17, 2024
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ASCs forecasted to continue seeing major expansion in orthopedic, spine procedures

Editor's Note Ambulatory surgery centers (ASCs) specializing in orthopedic and spine procedures are seeing a surge in growth, Orthopedics This Week April 2 reports. An "Impact of Change Forecast" report from Sg2, a Vizient Inc company, forecasts a 12% increase in orthopedics/spine ASCs in the next 5 years and a…

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By: Tarsilla Moura
April 3, 2024
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Editorial: OR Business Management Conference tackled financial challenges, technological innovations

This past February, the OR Business Management Conference, held in Phoenix, Arizona, brought together business managers of all walks of life. The intimate event was once again a symbiotic blend between financial- and business-centric education and high-quality networking. The education offered for seasoned and new business leaders alike, perhaps more…

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By: Tarsilla Moura
March 22, 2024
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A look back: The business manager role in a changing healthcare environment

Data and surveys

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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By: Cynthia Saver, MS, RN
January 23, 2024
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Hybrid OR: Continued advancement in diagnostic, surgical care

The concept of the hybrid OR was born in the 1990s, but healthcare institutions were originally slow to adopt the model due, in part, to the initial sizable investment required. While there was a steady uptick in adoption around 2008, today there are still only some 100 hybrid ORs in…

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By: Anthony Borrelli and Rob Fabrizio
December 20, 2023
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Survey reveals how nurses would like to allocate their shift hours

Editor’s Note Nurses would like to significantly increase time spent with patients, coaching fellow nurses, and pursuing professional growth, according to survey data published on May 26 by McKinsey & Company. The survey included questions regarding how nurses spend their time during a typical shift (broken down across 69 specific activities)…

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By: Brita Belli
December 12, 2023
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