Block Smarter. Boost Revenue.

Maximizing OR utilization is among the most pressing issues facing hospital CFOs and perioperative leaders today. It's easy to understand why: maximizing OR utilization also maximizes both patients' access to care and the resulting hospital revenue. The fact that the OR represents both the highest-cost asset to a hospital and the highest opportunity for revenue generation significantly increases the urgency to improve OR utilization. These factors, combined with the ongoing effects of the COVID-19 pandemic, make it critical that healthcare institutions seek innovative technological solutions to optimize OR operations.

We know that hospitals rely on operating rooms to deliver the majority of their revenues and margin and that OR time sitting idle represents a significant opportunity cost. As such, hospitals use tools like Copient Health to optimize the use of valuable OR time.  Do ASCs share a similar dynamic? Might an ASC benefit from a tool to optimize the use of OR time?

For most hospitals, operating rooms contribute more to funding the mission than any other service. They typically represent the majority of a hospital's revenue and its biggest source of profit. As such, how can you make the best use of this scarce resource?

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:

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?

Last month, the business development team at Baylor Scott & White Surgical Hospital – Las Colinas invited us to spend some time with the surgeons’ office schedulers. Hosting 1 or 2 of these events a year, the objective is to build relationships between the hospital and the physician offices and to generally show appreciation for the schedulers themselves. Marisa Amador, Physician Liaison for BSW - Las Colinas, called me up to ask that I, on behalf of Copient Heath, make an appearance at the Schedulers Appreciation Event on July 19th, 2022.

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.

When you're trying to make convenient OR time available to providers who need it, there are a number of problems you'll face, typically in the following categories:

• Political problems
• Behavioral problems
• Access-to-data problems
• Math problems (actually three math problems)
• Communication/coordination problems