Tag: Cost savings

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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EHR-integrated clinical decision support reduces unnecessary preoperative tests

Editor's Note An EHR-integrated closed-loop clinical decision support system (CDSS) significantly reduced unnecessary preoperative testing, improved patient safety, and significantly reduced costs across two hospitals in Madrid, Spain. As detailed in a study published January 3 in npj digital medicine, this system demonstrates the potential of automated guidelines to optimize…

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By: Matt Danford
January 23, 2025
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Hospital M&A trends report reveals financial distress, market reorganization

Editor's Note The US hospital industry continues to face significant financial and structural challenges despite signs of stabilization in 2024, according to a January 9 report from Kaufman Hall. Despite improved operating margins and stable credit outlooks from major rating agencies, a surge in transactions involving financially distressed organizations and…

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By: Matt Danford
January 10, 2025
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Study: Patient care experience declined after private equity hospital acquisitions

JAMA (healthcare publication) Network logo

Editor's Note Patients fared worse in the wake of private equity acquisitions of US hospitals, according to research published January 9 in JAMA Network.  Over a decade-long analysis of 73 acquired hospitals and 293 matched controls, declines became more pronounced in the years following acquisition, researchers wrote. Key findings include:…

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By: Matt Danford
January 10, 2025
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Virtual care enhances perioperative efficiency

Eliminating physical distance as a barrier to communication makes it easier for caretakers to help not only their patients, but also one another. This is the promise of virtual care technology, which offers system-wide potential for providers facing growing demand for high-quality, cost-effective care. For perioperative leaders specifically, advantages of…

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By: Aaron Chau
November 20, 2024
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Reprocessed medical devices save hospitals millions, cut emissions

Editor's Note In 2023, hospitals and surgical centers saved more than $465 million and prevented nearly 98 million pounds of greenhouse gas emissions by utilizing reprocessed single-use medical devices, according to a survey by the Association of Medical Device Reprocessors (AMDR). DotMed reported the news October 21. The data indicate…

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By: Matt Danford
October 25, 2024
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Educational program enhances perioperative nurses' knowledge on pressure injury prevention

Editor's Note A study led by researchers at Yeshiva University showed an educational intervention program significantly improved perioperative nurses’ understanding of pressure-injury prevention, with the benefits lasting for at least six months following the training. Results were published August 23 in Applied Nursing Research. Conducted among 354 nurses from 11…

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By: Matt Danford
October 23, 2024
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Medicare Advantage insurers prioritize profits over patients, Senate reports

Editor's Note A Senate report reveals that Medicare Advantage insurers are increasingly prioritizing profits over patient care by ramping up the use of prior authorization to deny necessary services, particularly post-acute care, for older adults, Becker’s Hospital Review reported October 17. In May 2023, the Senate Permanent Subcommittee on Investigations…

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By: Matt Danford
October 22, 2024
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Study: Bariatric surgery more cost effective than GLP-1s

Editor's Note Combining newer weight loss drugs with bariatric surgery is the most cost-effective long-term strategy for treating obesity, according to research presented at the American College of Surgeons Clinical Congress 2024. Medical Xpress reported on the findings October 18. According to the article, researchers from Northwestern Medicine evaluated the…

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By: Matt Danford
October 21, 2024
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Medicare policy on prior authorization falls short on shifting outpatient surgery trends

Editor's Note A Medicare policy introduced in 2020, which requires prior authorization for certain procedures done at hospital outpatient departments (HOPDs), has not significantly reduced the volume of surgical procedures being done at these facilities, reports a study by Michigan Medicine, University of Michigan, published on October 9. The policy,…

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By: Tarsilla Moura
October 9, 2024
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