Inefficient OR utilization’s dramatic impact on revenue

When case duration inaccuracies interfere with optimal OR utilization, revenue can suffer. We did the math to see just how much those extra minutes cost.
Published March 9, 2022
Written by
Picture of IMO Health
Staff

Time is money.

When it comes to the operating room, the old adage couldn’t be more spot on. Even five wasted minutes during a single case can cost a health system hundreds – if not thousands – of dollars. Factor in the number of cases performed each day, week, or year, and the numbers can be truly shocking.

What’s more, an OR sitting empty – if, for example, a case finished early – has a different financial impact than one that runs over its allotted time block. It’s a lot to keep track of, and it’s not necessarily easy to see just how much money case duration inaccuracies leave on the proverbial (OR) table.

So we did some math to help visualize how scheduling just one procedure using a generic surgical term – craniotomy – can lighten a health system’s ledger.

For more examples, and to learn how a robust surgical scheduling dictionary can help mitigate issues like case duration inaccuracies, read our latest insight brief: Time is money: The impact of case duration inaccuracies on surgical departments.

Related Content

Blog digest signup

Resources sent straight to your inbox.

Latest Resources​

Payers, providers, and payviders all share in the risks and responsibilities of expanding RADV audits. Is your organization ready for what’s next?
Running a surgical department costs millions of dollars per year. Advanced tools can boost financial performance, operational efficiency, and clinical care.
CMS is once again moving to phase out Medicare’s Inpatient Only List, raising major questions for providers about reimbursement, safety, and workflows.