Outpatient Surgery Magazine - Subscribers

Clear Cut - July 2015 - Outpatient Surgery Magazine

Outpatient Surgery Magazine, providing current information on Surgical Services, Surgical Facility Administration, Outpatient Surgery News and Trends, OR Excellence and more.

Issue link: http://outpatientsurgery.uberflip.com/i/539497

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Page 25 of 132

2 6 O U T P A T I E N T S U R G E R Y M A G A Z I N E O N L I N E | J U LY 2 0 1 5 Shopping Smart for Capital Equipment Yes, it's possible to upgrade your ORs without breaking the bank. I s it time to replace that worn-out piece of equipment that biomed has been patching together for months? Did your doc- tors come back from confer- ences with that gleam of desire in their eyes for a new gotta-have-it toy? Here are some ways to ensure you get the equipment you need while avoiding big-time costs. Calculate the return on investment (ROI). Run reports of CPT codes associated with the use of equipment to see exactly how many cases surgeons have historically performed. You should also be able to obtain the average reimbursement per case from your business office. If you're a new center, ask your physicians to provide CPT reports, because they've certainly billed professional codes for proce- dures performed at other facilities. My surgeons recently requested a holmium laser. During a recent analysis of kidney stone cases, I included treatment of kidney, ureteral and bladder stones in the mix, multiplied the total number of cases per- formed last year by the Medicare maximum reimbursement rate (leav- ing out commercial payors) and divided it in half to get an expected (and extremely conservative) ROI. Based on the number of cases per- formed, the cost for a $50,000 holmium laser was still easily covered with 1 year of cases. One additional note: Make sure you also calculate the cost of disposables in your ROI analysis, so there aren't issues with 1 B U S I N E S S A D V I S O R Corrie Massey, MBA z PRICE CUT There's always room to work a big-ticket contract to your advantage.

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