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operating room

How AI is Revolutionizing Operating Room Utilization for Enhanced Efficiency and Profitability

How AI is Revolutionizing Operating Room Utilization for Enhanced Efficiency and Profitability

In the rapidly growing environment of ambulatory surgery centers (ASCs) and surgical hospitals, operating room (OR) utilization is a critical determinant of financial health and, ultimately, patient satisfaction. As a result, leaders in these facilities must constantly seek ways to optimize surgery block time utilization to maximize contribution margin and increase patient throughput. Artificial Intelligence (AI) stands at the forefront of this revolution, offering transformative solutions that promise to reshape how we approach OR scheduling and utilization.

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A CFO's Blueprint for Increasing OR Revenue, Capacity, and Utilization

A CFO's Blueprint for Increasing OR Revenue, Capacity, and Utilization

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.

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AI in Healthcare: Understanding the Basics and Real-World Applications

With the recent emergence of ChatGPT and other AI-powered tools, the focus on using these tools in healthcare has increased. That’s not a problem if you’re a data scientist, but where do you start if you’re unfamiliar with how artificial intelligence and machine learning might impact your work? This post aims to provide a very brief, high-level overview of AI, with examples of how they might help in healthcare.  

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Do ASCs need to optimize block time?

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?

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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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