2.50
Hdl Handle:
http://hdl.handle.net/10755/308351
Category:
Abstract
Type:
Presentation
Title:
Cost Reduction Strategies in the OR - A Team Approach
Author(s):
Persaud, Debra S
Lead Author STTI Affiliation:
N/A
Author Details:
Debra S Persaud, RN, BSN, MS, debra.s.persaud@osfhealthcare.org
Abstract:
Purpose: A benchmarking company used by the OSF Healthcare System ranked the operating room at Saint Anthony Medical Center (SAMC) as the 2ndhighest in surgical supply and implant cost in comparison to 18 operating rooms in our benchmark group in Fiscal Year 2009.  This ranking translated into an $8.9 million dollar excess for SAMC surgery.  Reducing the cost of wasted supplies and implants would have a direct impact on lowering our cost excess and directly supports the healthcare system’s strategic goal to be financially responsible and to efficiently use limited resources.

Methods:In 2010, an analysis of wasted supplies (including implants) documented by nurses during surgical cases, determined that approximately $273,276 in supplies had been wasted. Reasons for wasting fell into five major categories: surgeon preference changed during case, case cancellation after supply was opened; supply opened, but not used; supply damaged; supply contaminated.

Beginning in 2011, surgical staff and surgeons were educated on the financial impact of wasting supplies and implants. Progress in cost reduction was shared at staff meetings. Staff and surgeons were asked not to open supplies that may not be needed.  Monthly waste reports are shared with staff and surgeons.

Results:During FY 2011 and 2012 supply waste was decreased by $67,798.  In the first 8 months of FY 2013 the average supply waste is $13,673/month. If these savings continue, the total waste amount will represent a 40% decrease from the 2010 average.  SAMC benchmark data has also shown a 6.1 million dollar improvement in supply cost excess over the last 4 years.  

Conclusion: Bringing awareness to all members of the team can produce substantial savings. Cost reductions occur when staff and surgeons are provided with data that supports the need for decreasing costs and are given the opportunity to provide input into cost saving initiatives.

Keywords:
Cost reduction; Supply utilization; Staff engagement
Repository Posting Date:
19-Dec-2013
Date of Publication:
19-Dec-2013
Conference Date:
2013
Conference Name:
42nd Biennial Convention
Conference Host:
Sigma Theta Tau International, the Honor Society of Nursing
Conference Location:
Indianapolis, Indiana, USA
Description:
42nd Biennial Convention 2013 Theme: Give Back to Move Forward. Held at the JW Marriott
Note:
This is an abstract-only submission. If the author has submitted a full-text item based on this abstract, you may find it by browsing the Virginia Henderson Global Nursing e-Repository by author. If author contact information is available in this abstract, please feel free to contact him or her with your queries regarding this submission.

Full metadata record

DC FieldValue Language
dc.language.isoen_USen_GB
dc.type.categoryAbstracten_GB
dc.typePresentationen_GB
dc.titleCost Reduction Strategies in the OR - A Team Approachen_GB
dc.contributor.authorPersaud, Debra Sen_GB
dc.contributor.departmentN/Aen_GB
dc.author.detailsDebra S Persaud, RN, BSN, MS, debra.s.persaud@osfhealthcare.orgen_GB
dc.identifier.urihttp://hdl.handle.net/10755/308351-
dc.description.abstract<strong>Purpose:</strong> A benchmarking company used by the OSF Healthcare System ranked the operating room at Saint Anthony Medical Center (SAMC) as the 2<sup>nd</sup>highest in surgical supply and implant cost in comparison to 18 operating rooms in our benchmark group in Fiscal Year 2009.  This ranking translated into an $8.9 million dollar excess for SAMC surgery.  Reducing the cost of wasted supplies and implants would have a direct impact on lowering our cost excess and directly supports the healthcare system’s strategic goal to be financially responsible and to efficiently use limited resources. <p><strong>Methods:</strong>In 2010, an analysis of wasted supplies (including implants) documented by nurses during surgical cases, determined that approximately $273,276 in supplies had been wasted. Reasons for wasting fell into five major categories: surgeon preference changed during case, case cancellation after supply was opened; supply opened, but not used; supply damaged; supply contaminated. <p>Beginning in 2011, surgical staff and surgeons were educated on the financial impact of wasting supplies and implants. Progress in cost reduction was shared at staff meetings. Staff and surgeons were asked not to open supplies that may not be needed.  Monthly waste reports are shared with staff and surgeons. <p><strong>Results:</strong>During FY 2011 and 2012 supply waste was decreased by $67,798.  In the first 8 months of FY 2013 the average supply waste is $13,673/month. If these savings continue, the total waste amount will represent a 40% decrease from the 2010 average.  SAMC benchmark data has also shown a 6.1 million dollar improvement in supply cost excess over the last 4 years.   <p><strong>Conclusion:</strong> Bringing awareness to all members of the team can produce substantial savings. Cost reductions occur when staff and surgeons are provided with data that supports the need for decreasing costs and are given the opportunity to provide input into cost saving initiatives.en_GB
dc.subjectCost reductionen_GB
dc.subjectSupply utilizationen_GB
dc.subjectStaff engagementen_GB
dc.date.available2013-12-19T17:30:11Z-
dc.date.issued2013-12-19-
dc.date.accessioned2013-12-19T17:30:11Z-
dc.conference.date2013en_GB
dc.conference.name42nd Biennial Conventionen_GB
dc.conference.hostSigma Theta Tau International, the Honor Society of Nursingen_GB
dc.conference.locationIndianapolis, Indiana, USAen_GB
dc.description42nd Biennial Convention 2013 Theme: Give Back to Move Forward. Held at the JW Marriotten_GB
dc.description.noteThis is an abstract-only submission. If the author has submitted a full-text item based on this abstract, you may find it by browsing the Virginia Henderson Global Nursing e-Repository by author. If author contact information is available in this abstract, please feel free to contact him or her with your queries regarding this submission.en_GB
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