Best business practices to boost the bottom line

Editor's Note

Cost control is top of mind for OR business managers, and finding new ways to shave budgets and reduce inventory is a chief reason they attend the OR Business Management Conference. This theme is addressed in multiple sessions.

On Monday, January 28, attendees learned how to fine-tune capital equipment requests. Business leaders from UF Health Shands explained the importance of supporting documentation and solid financial projections to ensure approvals from top management for future needs.

In another session on Monday, leaders from the Mayo Clinic described their successful case volume expansion project, which occurred in tandem with modernizing their ORs.

On Tuesday and Wednesday, healthcare providers from other leading institutions will share their experience with demonstrating profit margins per procedure, using data analytics to maximize reimbursement, and streamlining inventory—to name just some of the many sessions designed to increase revenue generated by the OR.