SlicedHealth’s Post

In 2025, healthcare investments are expected to shift toward long-term growth, with a focus on value-based care, primary care, and ambulatory surgery centers. Investors are looking at proven performance and targeting areas like improving patient engagement, boosting productivity with tech, and expanding services like specialty pharmacies. Read more in McKinsey & Company: https://bit.ly/48wZIZz.

HUB’s Role in Simplifying Healthcare Workflows: A Case Study on Cary Orthopedics 🏥🔗 Introduction Healthcare workflows can get complicated. HUB streamlines them, allowing healthcare teams to focus more on patient care. What is HUB? It's a centralized system that ties together different healthcare applications and data, simplifying task management and data sharing. Key Benefits of Using HUB Enhanced Collaboration: Better communication among healthcare teams. Data Consolidation: Unified view of patient records. Workflow Automation: Automates tasks like appointment setting. Compliance and Security: Meets HIPAA standards. Case Study: Cary Orthopedics Cary Orthopedics previously used disconnected tools, leading to inefficiency. With HUB, they saw: Objectives and Implementation Objective: Improve efficiency, minimize errors, and enhance collaboration. Implementation: Shifted from Excel and Email to HUB, reducing workflow steps by 25%. Results & ROI Efficiency Gains: $24,000 annual savings. Reduced Errors: A potential $57,600 saved annually. Decreased Cancellations: $54,000 estimated annual savings. Standardization: 20% reduction in training costs, saving $1,600 a year. Enhanced Accountability: Estimated $20,000 annual savings. Comprehensive Reporting: Improved profitability by $40,000 annually. Total Financial Opportunity Cary Orthopedics saved an estimated $196,000 annually by implementing HUB. Conclusion HUB isn't just a tool; it's a game-changer for healthcare workflows. It brings significant financial and operational benefits.

I'm thrilled to share my latest paper on organizational change management in the context of total hip replacement surgery, written with Alessandra Da Ros and Francesca Pennucci. 🔬The COVID-19 pandemic has brought unprecedented challenges to healthcare systems, requiring effective change management strategies. Our study examines organizational changes at macro, meso, and micro levels, illustrating how decisions at various levels influenced the overall process. 🌐 Our study delves into the intricacies of organizational change within the total hip replacement (THR) surgery pathway. Utilizing data triangulation, including administrative data and Patient-Reported Outcome Measures (PROMs), we unravel the complexities of the change process and explore how multi-level decision-making influenced unexpected shifts. You can find the paper here ↘ https://lnkd.in/dqS6fNnK #healthcare #changemanagement #research #COVID19 #organizationalchange #managementdecision #healthcareinnovation #PROMs #PatientReportedOutcome #healthcaremanagement #orthopaedics #organizationalmodels Scuola Superiore Sant'Anna Azienda Ulss 9 Scaligera

A super paper with my colleagues! We present the results of a quali-quantitative analysis with administrative and patient-reproted data aimed at detecting multilevel changes related to Covid-19 advent in orthopedic elective surgery. Change management can be fundamental to guarantee preparedness and resilience during emergencies. Check it out! #mixedmethod #multilevel #changemanagement #patientdata #newpaper

In the ever-evolving healthcare landscape, partnerships between Ambulatory Surgery Centers (ASCs) and health systems are proving to be a game-changer, especially if you enlist an experienced revenue cycle partner. By leveraging nimble’s Total RCM solution, Cedars-Sinai Beverly Hills ASC drove significant improvements. 🤝 Request an assessment ➡ https://hubs.ly/Q02MhkHq0 See how a partnership with nimble can: Enhance Forecasting: Utilizing advanced data analytics and predictive models to better anticipate payer trends to optimize billing accuracy and resource allocation. 📈 Improve Financial Performance: Streamline operations and achieve cost efficiencies leading to stronger financial health and sustainability. 💰 #ASC #revenuecycle #healthsystems

HUB’s Role in Simplifying Healthcare Workflows: A Case Study on Cary Orthopedics 🏥🔗 Introduction Healthcare workflows can get complicated. HUB streamlines them, allowing healthcare teams to focus more on patient care. What is HUB? It's a centralized system that ties together different healthcare applications and data, simplifying task management and data sharing. Key Benefits of Using HUB Enhanced Collaboration: Better communication among healthcare teams. Data Consolidation: Unified view of patient records. Workflow Automation: Automates tasks like appointment setting. Compliance and Security: Meets HIPAA standards. Case Study: Cary Orthopedics Cary Orthopedics previously used disconnected tools, leading to inefficiency. With HUB, they saw: Objectives and Implementation Objective: Improve efficiency, minimize errors, and enhance collaboration. Implementation: Shifted from Excel and Email to HUB, reducing workflow steps by 25%. Results & ROI Efficiency Gains: $24,000 annual savings. Reduced Errors: A potential $57,600 saved annually. Decreased Cancellations: $54,000 estimated annual savings. Standardization: 20% reduction in training costs, saving $1,600 a year. Enhanced Accountability: Estimated $20,000 annual savings. Comprehensive Reporting: Improved profitability by $40,000 annually. Total Financial Opportunity Cary Orthopedics saved an estimated $196,000 annually by implementing HUB. Conclusion HUB isn't just a tool; it's a game-changer for healthcare workflows. It brings significant financial and operational benefits.

HUB’s Role in Simplifying Healthcare Workflows: A Case Study on Cary Orthopedics 🏥🔗 Introduction Healthcare workflows can get complicated. HUB streamlines them, allowing healthcare teams to focus more on patient care. What is HUB? It's a centralized system that ties together different healthcare applications and data, simplifying task management and data sharing. Key Benefits of Using HUB Enhanced Collaboration: Better communication among healthcare teams. Data Consolidation: Unified view of patient records. Workflow Automation: Automates tasks like appointment setting. Compliance and Security: Meets HIPAA standards. Case Study: Cary Orthopedics Cary Orthopedics previously used disconnected tools, leading to inefficiency. With HUB, they saw: Objectives and Implementation Objective: Improve efficiency, minimize errors, and enhance collaboration. Implementation: Shifted from Excel and Email to HUB, reducing workflow steps by 25%. Results & ROI Efficiency Gains: $24,000 annual savings. Reduced Errors: A potential $57,600 saved annually. Decreased Cancellations: $54,000 estimated annual savings. Standardization: 20% reduction in training costs, saving $1,600 a year. Enhanced Accountability: Estimated $20,000 annual savings. Comprehensive Reporting: Improved profitability by $40,000 annually. Total Financial Opportunity Cary Orthopedics saved an estimated $196,000 annually by implementing HUB. Conclusion HUB isn't just a tool; it's a game-changer for healthcare workflows. It brings significant financial and operational benefits.

The tides are changing, and legacy orthopedic and MSK providers are starting to venture into the digital and AI space. While this move is a bit behind the curve, it's encouraging to see these organizations begin to appreciate the advantages of the digital ecosystem. It's fascinating to see companies like Stryker embracing digitization and AI processes. I hope this trend continues and that more legacy providers recognize the value of partnering with digital health startups and innovators. The future of healthcare is undoubtedly digital, and collaboration will be critical to unlocking its full potential. #DigitalHealth #AI #HealthcareInnovation #Orthopedics #MSK #HealthTech #DigitalTransformation https://lnkd.in/eiPE3STe

ICYMI: Here's the latest Data & Insights from This Week in Surgery Centers. Last September, HST released a State of the Industry Report with 45 chapters of best practices, 125+ KPIs for ASCs to track, and free benchmarking data for 15 key metrics. As we approach the September 2024 report release, here are four 2023 data points, their impact, and tips for improvement. 1️⃣ Unused OR Blocks ▶ KPI: On average, 42% of blocked OR time goes unused. ▶ Impact: Unused OR time represents a direct financial loss. If you multiply the unused minutes by your revenue per OR per minute, you’ll know exactly how much you’re losing.  ▶ Tips: Create release policies, offer incentives, and publicly share which physicians perform best in the breakroom or board meetings. 2️⃣ Revenue Per Case Per Specialty ▶ KPI: Ortho averages $5,449 per case, Cardio averages $4,355 per case, and Plastic averages $3,732 per case. ▶ Impact: Use these data points to negotiate with payers, project future revenue, and drive your growth strategy.  ▶ Tips: Prioritize the recruitment and retention of physicians in high-revenue specialties, adjust your case mix, and invest in targeted marketing. 3️⃣ Patient Deposit Collection Rates ▶ KPI: A typical ASC only collects 53% of expected patient deposits at the time of service. ▶ Impact: By improving, you will reduce outstanding balances, minimize bad debt, reduce time spent following up with patients, and minimize the number of patients you send to collections. ▶ Tips: Implement pre-service financial counseling and use automated systems to generate accurate patient financial estimates, including a simple ‘pay now’ button. 4️⃣ Days to Bill ▶ KPI: On average, ASCs take 3.6 days to bill after completing the patient’s procedure. ▶ Impact: Lower your days to bill to optimize cash flow, reduce the risk of delayed payments, and get paid faster. ▶ Tips: Use EHR and practice management systems that are integrated with a clearinghouse, provide regular training for billing staff, and conduct regular audits to identify bottlenecks. Check out the full story on Apple Podcasts, Spotify, or YouTube! #Podcast #ThisWeekinSurgeryCenters #TWISC #ASC #SurgeryCenters 

💎 Behind the captivating title “Unlocking organizational change: a deep dive through a data triangulation in healthcare“ lies an even more intriguing content! 🌐 In the latest article that I had the opportunity to write thanks to the colleagues Sabina De Rosis and Francesca Pennucci at the Scuola Superiore Sant'Anna, our study illustrates how decisions at micro, meso and macro levels influenced the overall organizational change process. 🦿 We explore total hip replacement (THR) surgery pathway utilizing mixed methods from administrative data, Patient-Reported Outcome Measures (PROMs), clinicians and stakeholders point of views. Don't miss out! You can find the entire paper here ↘ https://lnkd.in/dqS6fNnK #healthcare #changemanagement #research #COVID19 #organizationalchange #managementdecision #healthcareinnovation #PROMs #PatientReportedOutcome #healthcaremanagement #orthopaedics #organizationalmodels