Toward Operating Room Growth

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Michael Burke

A serial entrepreneur and investor in the healthcare technology space, Mike has over 20 years of experience founding and growing healthcare technology companies. He is currently a co-founder of Copient Health, a startup in the Operating Room optimization space. He serves as a mentor for aspiring entrepreneurs at Georgia Tech’s Advanced Technology Development Center (ATDC) and at the Atlanta Tech Village. Mike and his wife Tracy have three daughters and are both avid cyclists.

Copient Health- MEASURING REAL ROI IN OR OPTIMIZATION

SORTING WHEAT FROM CHAFF - MEASURING REAL ROI IN OR OPTIMIZATION

INTRODUCTION

With the financial pressures most hospitals have recently experienced, you’ve likely considered different approaches to increase case volume and operational efficiency in your OR. In that consideration, you’ve probably encountered a variety of claims related to either cost savings or increased revenue from internal project teams, consultants, and software vendors. These success metrics can be misleading in different ways:

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Block Utilization Issues: Why They Matter and What to Do About Them

It's a recurring theme we hear at nearly every hospital. Surgeons distrust - or actively refute the accuracy of - reported utilization statistics. Do they have good reason for this doubt? Regardless, hospitals continue to rely heavily on utilization statistics when making decisions about allocating block time. Is this a sensible thing for hospitals to do? What are the implications?

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ASCs and the Prisoner's Dilemma

You may have heard of the Prisoner's Dilemma before.  In case you haven't, here's a brief summary:  It describes a scenario where individual decision-makers have an incentive to make decisions that aren't in the best interest of the group.  The typical example involves two criminal partners recently arrested and interrogated separately.  The interrogator is trying to get each prisoner to testify against the other, with the prospect of going free for the testimony.  If both criminals remain silent, the police have no evidence and can't prosecute them - both go free.  If one testifies, they go free while the other goes to jail. If both agree to testify, they both go to jail.

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