Olympus to pay $623.2 million to settle kickback allegations
Editor's Note Olympus Corporation (Center Valley, Pennsylvania) has agreed to pay $623.2 million to resolve civil and criminal allegations that it paid kickbacks to hospitals and physicians in exchange for purchasing its endoscopes and equipment, the March 1 Modern Healthcare reports. The government alleged that Olympus lacked training and didn’t…
Five-step process provides framework for managing supplies
Problems such as frequently running out of critical items, expired inventory, and secret stockpiling in the OR have become increasingly burdensome for surgeons, nursing staff, and hospital administration across the country. Wasteful supply chain spending marginalizes patient care and drives OR expenses out of control. “When the facility’s difficulties in…
Device manufacturers strengthening product guarantees
Editor's Note Faced with weak demand and falling prices, manufacturers are improving their product warranties and adding cost-sharing guarantees to compensate hospitals if their medical-surgical devices don’t perform as expected, Reuters reports. Among the companies offering the new guarantees are Medtronic, Johnson & Johnson, and St Jude Medical, which have…
Orthopedic implant overhaul nets cost savings and surgeon satisfaction
One way to shave the OR operating budget is to trim the supply spend, and for orthopedic service lines in particular, reining in costs related to implants can make a big impact. Some orthopedic service providers have achieved dramatic savings by adopting a “rep-less” model for certain procedures. At Loma…
Contract management is a challenging but critical component of cost control
Loopholes in supply contracts can wreak havoc with a supply budget, but attention to detail and proper terminology can help OR managers take charge instead of being charged unnecessary fees. “Not managing your agreement will cost you 12% to 25% of the spend or 100% of any savings achieved,” Girard…
Formula for successful cost control includes hard data plus surgeon champion
With decreasing Medicare reimbursements and increasing pressure to reduce costs, OR leaders everywhere are looking for creative solutions to balance their budgets. At Thomas Jefferson University Hospital (TJUH) in Philadelphia, standardizing surgical mesh looked like a way to save a bundle, and indeed a $1.5 million savings over a 3-year…
Best practices lead to greater consistency in vendor credentialing
When OR Manager examined vendor credentialing in 2009, hospitals had a hodgepodge of requirements. OR managers and purchasing departments were making their first forays into third-party software for managing credentialing, and there was a crying need for standardization. Four years later, progress has been made in developing credentialing standards, and…
Successful vendor/OR partnership yields more than $1 million in savings
An innovative program at The University of Kansas Hospital (TUKH), Kansas City, for managing vendor partnerships has saved the hospital $1.9 million in just 8 months of operation. “We’ve found that pricing and inventory management requires key partnerships with suppliers,” says Brian Dolan, MHSA, CMRP, RHIA, CHDA, SSGB, director of…
Collaborate with surgeons and vendors to control high-end supply costs
OR Business Performance is a series intended to help OR managers and directors improve the success of their business. Surgical supplies are a major component of OR expenses. In the July issue of OR Manager, we showed how controlling spending on low- and mid-priced supplies can reduce overall costs.…
For implants, balancing choice and cost control
Negotiating with orthopedic vendors can be frustrating as OR leaders strive to balance competing agendas among companies, surgeons, and the hospital. Kimberley Murray, MS, RN, CNOR, administrator for the orthopedic and spine service line at St. Joseph’s Hospital (SJH) in Syracuse, New York, reduced frustration by adopting a program that…
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