Outpatient Surgery Magazine - Subscribers

Get Patients to Pay Up - May 2015 - Outpatient Surgery Magazine

Outpatient Surgery Magazine, providing current information on Surgical Services, Surgical Facility Administration, Outpatient Surgery News and Trends, OR Excellence and more.

Issue link: http://magazine.outpatientsurgery.net/i/510361

Contents of this Issue


Page 29 of 170

3 0 O U T P A T I E N T S U R G E R Y M A G A Z I N E O N L I N E | M A Y 2 0 1 5 5 Supply-Saving Solutions Reducing case costs frees up funds for investing in the future. N ext to staffing, sup- ply costs are a surgical facility's biggest expense. Here are 5 strategies to con- tain your supply costs without sacrificing quality. You can use what you save in supplies to help maintain your facility's profit margin and physician-owner dividends, invest in new service lines, fund equip- ment upgrades, and keep you and your staff nicely compensated. Standardize as much as possible. Start by case-costing, particularly for implant-heavy cases like hernias, cataracts, orthopedics, and urology and gynecology (slings and bulking agents). To achieve the biggest financial impact quickly, focus on the financials of the most frequently performed cases. If you find, for example, that rotator cuff repair costs vary widely between your surgeons, do a little more dig- ging. If Dr. Ortho always converts to an open repair from an arthroscopy, it could be saving OR time, but costing more in materi- als. Be sure to account for those types of variances in your analysis. If you find OR times and implant or materials costs are all over the map, involve your surgical team to determine next steps. It may be an easy conversation with a particular surgeon about his techniques or it may require a physician group discussion led by your medical director. When cost variance is not due to implant costs, try to pinpoint other opportunities for standardization. One example is the use of proce- 1 B U S I N E S S A D V I S O R Corrie Massey, MBA z BONUS BENJAMINS Efficient supply manage- ment is like finding money on the (back) table.

Articles in this issue

Archives of this issue

view archives of Outpatient Surgery Magazine - Subscribers - Get Patients to Pay Up - May 2015 - Outpatient Surgery Magazine