Across the US, surgical services are estimated to comprise around 20% of national health spending and typically generate up to 70% of total health system revenue.1, 2 That makes surgical services the largest revenue generator for a hospital, supporting access to numerous other healthcare services. Considering the average hospital has a paper-thin operating margin of 1.8%3, the revenue generated from surgical services is essential for financial stability (table, “US Surgical Services Spending as Share of National Health Spending and GDP”).
Amid rising demand for surgical procedures, improving perioperative operations is…
Takeaways • The 3A Strategic Thinking Framework and the GOST…
Takeaways • Documentation and coding procedures are rife with opportunity…