Costs & Cost Controls

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January 2025
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Leveraging EHR, engagement platforms to improve bottom line

The OR department is often what keeps most hospitals afloat. Surgical services account for roughly 50% of a hospital’s revenue, but they also contribute approximately 60% to overall costs. ORs must be efficient. Successes and failures in the surgical suite affects the entire system. Healthcare systems have found that highly…

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By: Sarah Falcone, BSN, RN, WCN, CSWD-C
February 22, 2023
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Moderna announces commitment to providing COVID-19 vaccines at no cost

Editor's Note In a press release published on February 15, Moderna announced that will remain “committed to ensuring” people in the US will have access to its COVID-19 vaccines even after the COVID-19 Public Health Emergency ends on May 11, 2023, regardless of people’s ability to pay. The public health…

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By: Tarsilla Moura
February 17, 2023
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Prices for surgical procedures in and out of hospital networks

Editor's Note This study from the University of Michigan, Ann Arbor, finds that network facilities had higher negotiated prices for surgical procedures, and there is wide variability across facilities in and out of hospital networks. A total of 3,195 hospitals were included in the analysis. Among the findings: For 15…

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By: Judy Mathias
February 14, 2023
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Session: Getting your preference cards right

Editor's Note In order for perioperative services to operate smoothly, it is crucial to manage surgical preference cards efficiently, Megan Eubanks, MBA, Senior Director of Business Operations, Perioperative and Procedural Services, The University of Kansas Hospital, discussed in a session, “Getting Your Surgical Preference Cards Right.” She shared with the…

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By: Bridget Brown
February 9, 2023
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Closing Session: Moving your health system forward

Noreen Hudson, MSN, RN, Associate Director, Berkeley Research Group and Bill Orrell, MBA, MSN, RN, Managing Director, Berkeley Research Group concluded the OR Business Management Conference in a session, "Weathering the Storm - Moving Your Health System Forward in 2023 and Beyond." Their presentation focused on “putting it all together”…

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By: Bridget Brown
February 9, 2023
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Session: Creative staffing during a time of shortages

Editor’s Note Amanda Brown, MS, RN, PCNS-BC, CNS-CP, CNOR, Nurse Professional Development Specialist, Lutheran Medical Center, Intermountain Health and recently retired Deborah Hedrick, MA, BSN, RN, NEA-BC, Director, Perioperative Services, Lutheran Medical Center, shared the creative staffing program they implemented at their institution in a Tuesday session at OR Business…

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By: Bridget Brown
February 8, 2023
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Session: Preparing for the next supply chain disruption

Editor’s Note "The pandemic is to healthcare what 9/11 was to the transportation industry. Just like you will never fly the same way, you will never get your hip replacement the same way," Andrew Martin, MSN, RN, CPHRM, Patient Safety Analyst / Consultant, ECRI Institute, told the audience in the…

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By: Bridget Brown
February 8, 2023
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Session: ASC joint ventures—Risk or reward?

Editor's Note “Patients, physicians, and others basically label hospitals as the place you go when you’re sick,” Joan Dentler, MBA, Founder and President of Avanza Healthcare Strategies, said when opening the session, “ASC Joint Ventures—Risk or Reward?” On the flip side, she continued, “outpatient services is where you go when…

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By: Tarsilla Moura
February 8, 2023
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Session: Reducing staffing costs by decreasing minutes in the workday

Editor's Note In an informative presentation that focused on how data and electronic health records (EHR) played a key role in helping the team at Thomas Jefferson University Hospital understand the financial impact of turnover time inefficiency, Monica Young, MBA, RN, DNP, Vice President of Perioperative Services; Stefanie Landmesser, MSN,…

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By: Tarsilla Moura
February 7, 2023
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Session: Successful evaluation of new services, products for profitability

Editor’s Note “What problem does your OR have that you would like to solve?” posed Pamela Hunt, BS, MSN, RN, NEA-BC, FAAN, Executive Advisory, Consultant and Associate Faculty, Kelly School of Business, Indiana University, to the audience at the OR Business Management Conference. During her session, "No Margin, No Mission:…

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By: Bridget Brown
February 7, 2023
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