Maximizing productivity measurement: Part 2
Measuring productivity can be a burden for perioperative leaders and their staff, but it also can serve as a means for obtaining needed resources. Part 1 of OR Manager’s two-part series on productivity measurement focused on the value of measuring, challenges, and deciding what should be assessed (see September issue,…
New leader workshop: Key Budgeting Components for Success
Editor's Note “I don't want to start by asking how many of you have been in your role for 1 to 5 years, or 5 to 10, or 10 to 20,” said Pamela Hunt, BS, MSN, RN, NEA-BC, FAAN, consultant and associate faculty at Indiana University, during the “Key Budgeting…
OR Manager Conference session sheds light on profitability, revenue integrity
Editor's Note OR Manager sat down with Jessica Gruendler, DNP, senior director of nursing, perioperative services at Dignity Health in San Francisco, California, to shed light on the topic she will be presenting at the 2023 OR Manager Conference in Nashville, TN, this September. Gruendler will present her session, “Profitability…
Maximizing productivity measurement: Part 1
Takeaways • Many tools for measuring productivity do not reflect the complexity of the perioperative setting. • Multidisciplinary teams can help establish productivity metrics and tools. • Productivity measures vary across the perioperative continuum. For most perioperative leaders, discussions about productivity do not top the list of enjoyable parts of…
Gen X unprepared financially for retirement
Editor's Note People born between 1965 and 1980, known as Generation X, are not prepared financially for retirement, according to a study from the National Institute on Retirement Security. Those with a private retirement plan have about $40,000 in savings, lower income Gen Xers have about $4,300, and some 40%…
Price transparency in surgical settings
Takeaways • Healthcare consumers are not aware that they can ask how much something costs. • There is disconnect between the law and common knowledge, and patients generally are confused about what they receive as good faith estimates. • In addition to incorrect CPT codes and OON allowable charges, the…
Compliance with CMS Hospital Price Transparency Rule linked to financial penalties
Editor's Note This study from Harvard Medical School, Boston, and Georgetown University, Washington, DC, finds that hospital compliance with the Centers for Medicare & Medicaid Services (CMS) 2021 Price Transparency Rule is increasing since financial penalties were enforced. Data from 4,377 acute care hospitals operating in 2021 and 2022 were…
Survey: Financial well-being of surgical residents
Editor's Note Poor personal financial health has been linked to well-being, including burnout, substance abuse, and worsening personal relationships. This secondary analysis of a survey led by the Yale School of Medicine, New Haven, Connecticut examines the financial well-being of surgical residents in New England. A total of 250 surgical…
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