Tag: business

Session: Anchoring Profits—Restructuring Inventory Practices to Secure $200 Million in Cost Savings

Editor's Note Restructuring inventory management has slashed costs and enhanced efficiency at Massachusetts General Hospital (MGH), presenters revealed at the OR Business Management Conference, touting an initial savings estimate of $200 million. Presented by Paul Flaherty, CRCST, Senior Manager Customer Service,   Joshua Gomez, MPH, Business Operations Manager, and Steve Spring,…

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By: Matt Danford
February 11, 2025
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Opening Keynote: Charting Your Course to Success—Financial Wins through Value-Based Performance

Editor's Note Although the central tenets of value-based healthcare have not changed, in many cases implementation has been reduced to little more than reducing costs, to the detriment of clinicians and patients. In a session at the 2025 OR Business Management Conference in February, economist Susanna Gallani, PhD, examined this…

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By: Matt Danford
February 10, 2025
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Pre-Conference Workshop: Foundational Leadership Practicum Certificate of Mastery

Editor's Note Asking questions at a business conference can go farther than one might think. Consider the new Foundational Leadership Practicum Certificate of Mastery (FLP-COM), created by CCI - Competency & Credentialing Institute in response to repeated questions about leadership certifications without formal mentoring or training in nursing. “We were…

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By: Matt Danford
February 10, 2025
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OR Business Management Conference, daily coverage begins

Editor's Note If you can’t join us in Tampa for this year’s OR Business Management Conference (ORBMC), we’ve got you covered. This week, newsletter subscribers will enjoy exclusive access to coverage of select sessions from the 13th annual event, hosted today through Wednesday at the Saddlebrook resort in Tampa, Florida.…

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By: Matt Danford
February 7, 2025
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Moody’s downgrades health insurance outlook as medical costs surge

Editor's Note Moody’s Ratings has shifted the health insurance industry’s credit outlook from stable to negative, according to a February 3 article in Fierce Healthcare. According to the article, the downgrade is due to escalating medical costs that outpace reimbursement rates. Analysts project an 8% rise in commercial market spending…

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By: Matt Danford
February 5, 2025
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Legislation proposes to halt Medicare physician payment cuts

Editor's Note A January 31 statement from the American Medical Association (AMA) announces the organization’s support for bipartisan legislation aiming to reverse steep Medicare reimbursement reductions threatening physician practices and patient care access. Introduced by a coalition of 10 House members, the "Medicare Patient Access and Practice Stabilization Act" would…

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By: Matt Danford
February 4, 2025
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Cigna ties executive pay to patient experience

Editor's Note As part of a larger initiative to ease access to care, insurance giant Cigna is tying compensation for senior leadership directly to customer satisfaction. Modern Healthcare reported the news February 3. The shift is part of a multi-pronged approach that also includes overhauling prior authorization requirements and limiting…

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By: Matt Danford
February 4, 2025
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Solving the supply chain equation takes shared perspective, ingenuity

Takeaways • Interdepartmental collaboration and standardized communication are essential to quickly identifying and addressing supply chain challenges. • Just-in-time inventory strategies have gained traction since the pandemic. Successful strategies involve leveraging data, rethinking preference card management, and shifting to a demand-planning model. • Resiliency is essential to cope with the…

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By: Carina Stanton
January 31, 2025
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Three strategies for demystifying the ASC supply chain puzzle

Ensuring safe, quality care requires precise alignment among inventory levels, delivery schedules, storage solutions, and every other element of the supply chain. A single missing piece of this puzzle—say, a delayed shipment or a storage issue—can disrupt the entire picture. Making the pieces fit can be difficult for any healthcare…

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By: Brad Clark and Jeff Kremer
January 31, 2025
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Announcing Track Leaders and Committee Members for 2025 OR Manager Conference

Rockville, MD – January 30, 2025 – OR Manager is proud to announce the seven educational tracks and their dedicated program leaders for the 2025 OR Manager Conference to be held October 28-30, 2025, at the Anaheim Convention Center in Anaheim, CA. These expertly curated tracks address key themes in…

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By: Lindsay Botts
January 30, 2025
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