Multiple requests for new equipment and technology—usually from surgeons but also sometimes from staff—are not uncommon. As part of their due diligence, OR leaders must determine whether the return on investment (ROI) justifies the purchase. Doing ROI calculations systematically—and involving key stakeholders—can help ensure that the organization makes the best…

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After transitioning from a paper-based data and operations management system to one that uses relational database software, Lahey Hospital and Medical Center (LHMC) in Burlington, Massachusetts, saved more than $1 million in product purchases in 2017. The surgical value analysis committee (VAC) evaluated 150 product requests and managed the conversion…

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Multiple requests for new equipment and technology—usually from surgeons but also sometimes from staff—are not uncommon. As part of their due diligence, OR leaders must determine whether the return on investment (ROI) justifies the purchase. Doing ROI calculations systematically—and involving key stakeholders—can help ensure that the organization makes the best…

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Interest in the OR Business Management Conference has grown steadily in tandem with the number of proposals submitted each year. More than 400 individuals attended the conference in 2018, and they left with tools and strategies to implement in a variety of clinical settings upon their return. Feedback from attendees…

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Editor's Note ECRI Institute on October 30 announced a new white paper--Value Analysis: Addressing Top Challenges by Using the PICOTS Framework--which presents findings from national seminars on the top five challenges value analysis professionals face daily. The challenges are: Antiquated workflow C-suite buy-in Accessibility to data Physician engagement Bandwidth. The…

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Editor's Note WiseGuyReports predicts the global market for hip and knee surgical implants will reach more than $12 billion by 2021, the August 21 Becker’s Spine Review reports. Three companies dominate the market: Zimmer Biomet, Stryker, and DePuy Synthes.

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Editor's Note A Crystal Market Research report predicts the spinal implant and surgical devices market will top $15.7 billion by 2025, with a compound annual growth rate of 4.44%, according to the May 24 Becker’s Spine Review. The market will grow because of the rising geriatric population and enhanced technology.…

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Editor's Note The ECRI Institute on April 23 announced the winners of its seventh annual Healthcare Supply Chain Achievement Award, which recognizes hospitals and healthcare systems for their comprehensive and effective use of ECRI Institute’s PriceGuide™ and SELECTplus® supply and capital procurement advisory programs. Eleven winners were selected from nearly…

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Editor's note The ECRI Institute on April 2 issued a free white paper on “5 Ways to Drive Savings and Quality on Your Purchased Services.” The 5 key areas to consider when developing a best practice process to evaluate purchased services, reduce spending, and make informed vendor selections are: Making…

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Editor's Note A Technavio analysis predicts that the global market for thoracolumbar spine devices will see a compound annual growth rate of almost 4% through 2022, the March 1 Becker’s SpineReview reports. A major driver of the growth is the increasing prevalence of spinal disorders. The market was dominated in…

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