Hospital Impact

By Dennis Walsh, Director of supply chain management at the Hospital of Saint Raphael in New Haven, Conn.

October 5th, 2011

The facts are sobering. A recent study by Deloitte revealed that hospitals need to generate $11,700,000 in new revenue to have the same impact as a $100,000 reduction in operation costs. There’s no question hospitals can improve performance by finding smart ways to reduce costs without incurring the fiscal headache of untenable revenue goals. Despite the industry’s considerable economic and political obstacles, there remains a simple strategy to help reduce the cost of care delivery without sacrificing quality: third-party medical device reprocessing…

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