Costs & Cost Controls

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January 2025
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Smart knee’s advance heralds future of proactive postop care

Takeaways Transmitting health metrics directly from a surgical implant reduces the need for in-person followup and offers more objective data on recovery than patient-reported measures. This technology’s potential extends beyond knees. Whatever the nature of the treatment, postop monitoring is critical. Patient education is essential for setting up the data…

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By: Matt Danford
July 31, 2024
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The toll of excess inventory and the role of ecommerce

I still recall being handed roughly 10 boxes of suture anchors to practice with years ago at New York University (NYU) medical school. “Aren’t these needed here?” I asked incredulously. “Not at all,” came the answer, despite a hefty price tag of $1,000 per box. In fact, getting the suture…

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By: Andrew Dold, MD
July 31, 2024
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ASC management is a skill: A day in the administrator role

The administrator of an ambulatory surgery center (ASC) wears many hats, doing every odd job in the book to keep their free-standing center safe, compliant, and operational. But what does “wearing many hats” mean exactly? OR Manager spoke with Nyleen Flores, CPMSM, CPCS, CPCO, CASC, chief administrative officer at Lake…

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By: Tarsilla Moura
July 31, 2024
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In-house 3D printing reduces hospital surgery times, costs

Editor's Note The medical 3D printing market is expected to double from $2 billion in 2022 to $4 billion by 2026, driven by customization, lower costs, and quick turnarounds, according to analysis from GlobalData. In a July 24 report on the analysis, Medical Device Network outlined this growth as well…

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By: Matt Danford
July 26, 2024
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North Korean hackers extort hospitals to fund attacks on US government

Editor's Note North Korean hackers targeted U.S. hospitals and healthcare systems with ransomware to fund a covert information exfiltration campaign against American military and scientific entities, according to a July 25 report from CBS News. The first attack was a May 2021 ransomware infiltration of a hospital in Kansas. The…

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By: Matt Danford
July 26, 2024
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Rural hospitals shutter labor, delivery units

Editor's Note Rural hospitals throughout the country are struggling to maintain labor and delivery units amid dwindling numbers of births, KFF Health News reported July 15, noting that more than half lack these services entirely. Nationwide, annual births have fallen from 4.3 million in 1957 to below 3.7 million by…

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By: Matt Danford
July 25, 2024
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HCA reports strong Q2 performance, sees decline in labor costs

Editor's Note HCA Healthcare reported nearly $1.5 billion in net income for the second quarter (Q2), exceeding expectations, Modern Healthcare July 23 reports. The Nashville-based system attributed part of this success to a significant reduction in contract labor costs, which dropped by more than 25% compared to Q2 2023. This…

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By: Tarsilla Moura
July 24, 2024
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Healthcare costs projected to reach new high in 2025

Editor's Note Healthcare costs are expected to rise between 7% and 8% in 2025, according to a report from PwC's Health Research Institute. As detailed in a July 17 article from Fierce Healthcare, PwC projections for an 8% increase in the group market and 7.5% in the individual market would…

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By: Matt Danford
July 23, 2024
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High RN, higher travel RN pay reflect post-pandemic demand

Editor's Note Heightened demand has made nursing lucrative relative to other professions, especially since the COVID-19 pandemic, according to a May 9 report from healthcare job marketplace Vivian Health. Based on the firm’s proprietary salary data as well as information from the Bureau of labor Statistics, Vivian estimates registered nurses…

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By: Matt Danford
July 19, 2024
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Survey: Almost half of Americans struggle to afford healthcare

Editor's Note Nearly half of Americans struggle to afford health care and prescription medications, according to the latest Healthcare Affordability Index from West Health and Gallup. Newsweek reported on the findings July 17. Based on polling of 5,149 adults, the index shows a decline in affordability by six points since…

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By: Matt Danford
July 19, 2024
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