In almost every OR and surgical department, there are bound to be ways to maximize efficiency, create better patient outcomes and increase revenue. The problem is that it can be difficult to spot areas that need improvement.
Fortunately, that’s one of the ways NexGen Surgical can help. See how our data analytics can help you improve your surgical department’s performance.
The Role of Analytics in Modern Surgical Management
Modern medicine has many innovative tools, from robotics to augmented reality. These days, one of the most valuable tools is data. With data and analytics, surgical departments can optimize operations, finances and more.
NexGen’s Analytical Framework
Here at NexGen, data and analytics are part of our foundation. It’s how we identify the communities most in need of talented surgeons and how we help surgical departments enhance operations and profitability. Here are some of the tools and methods that we use to ensure the smooth operation of surgical departments:
- Real-time reporting of KPIs
- Data consulting to streamline surgical services
- Interim OR Director staffing to make leadership transitions easier
- Tablet-based electronic medical records that make it easy to capture performance metrics, powered by Medaxion
- Quality management and compliance benchmarking
- Anesthesia staffing and management provided by our sister company, CCI Anesthesia
Through surgical practice analysis, NexGen can optimize surgical departments to increase profitability in various ways. We’ll explore some of those optimizations below.
Identifying Revenue Opportunities
One key way we use analytics is to identify underutilized resources and services within individual surgical facilities. We can analyze patterns in operating room usage, patient scheduling and surgical specialty demands to pinpoint areas of needed improvement. This data allows NexGen to spot the blocks of time most likely to go unused, which creates an opportunity for increased revenue by enabling hospitals to adjust schedules to fill these spaces with new cases.
Cost Reduction Strategies
Costs can significantly influence surgical departments’ operations, and NexGen uses sophisticated data analysis to identify unnecessary expenses that may be eating up a hospital’s budget. This includes thoroughly examining various aspects of the surgical workflow, including staffing, scheduling, resource utilization and more.
Enhancing OR Efficiency
In many ORs, there is plenty of room to maximize efficiency through scheduling. NexGen uses analytics to identify times most likely to be low on bookings. With this information, surgical departments can adjust scheduling to fit both the needs of patients and surgeons better while minimizing downtime.
Investing in High-Value Surgical Technologies
It takes money to make money, but is your surgical department investing in the right technologies? NexGen uses analytics to guide technological investments, searching for the investments that offer the best returns in terms of both operational efficiency and patient outcomes.
Performance Benchmarking
Identifying inefficiencies isn’t always the key to optimization, although it is a crucial part of the process. NexGen uses the comparative data collected to benchmark the performance and financial health of surgical departments against industry standards and best practices. This information can help your surgical department improve day-to-day operations.
Data-Driven Decision Making
These days, there’s no need to feel like you’re making decisions blindfolded. NexGen empowers hospital executives and surgical leaders with actionable insights, allowing you to make data-driven decisions to maximize efficiency while delivering the best healthcare to your community.
Partnering with NexGen for Financial Health
Are you ready to enhance your surgical department’s financial and operational performance? NexGen is here to help. Partner with us, and we can provide the surgical staffing you need—plus a data-backed analysis of your operations designed to help you increase efficiency. Contact us to discover how NexGen Surgical can help you ensure better patient outcomes while increasing your surgical department’s revenue.
