Events Calendar

Mon
Tue
Wed
Thu
Fri
Sat
Sun
M
T
W
T
F
S
S
29
1
3
4
5
7
8
10
11
12
15
16
17
18
19
21
24
25
26
27
30
31
1
2
A Behavioral Health Collision At The EHR Intersection
2014-09-30    
2:00 pm - 3:30 pm
Date/Time Date(s) - 09/30/2014 2:00 pm Hear Why Many Organizations Are Changing EHRs In Order To Remain Competitive In The New Value-Based Health Care Environment [...]
Meaningful Use and The Rise of the Portals
2014-10-02    
12:00 pm - 12:45 pm
Meaningful Use and The Rise of the Portals: Best Practices in Patient Engagement Thu, Oct 2, 2014 10:30 PM - 11:15 PM IST Join Meaningful [...]
Adva Med 2014 The MedTech Conference
2014-10-06    
All Day
Adva Med 2014 The MedTech Conference October 6-8, 2014 McCormick Place Chicago, IL For more information, visit, advamed2014.com For Registration details, click here  
Public Health Measures Meaningful Use
2014-10-09    
12:00 pm - 12:45 pm
Public Health Measures Meaningful Use: Reporting on Public Health Measures Join Meaningful Use expert Jim Tate for a three part series of webinars addressing MU [...]
2014 Hospital & Healthcare I.T. Conference
2014-10-13    
All Day
Join us at our 2014 Hospital & Healthcare I.T. Conference and experience the following: Up to 125 Hospital & Healthcare I.T. executives from America’s most prestigious [...]
Connected Health Care 2014
Key Trends That will be Discussed at the Conference! Connected Healthcare 2014 is set to explore the crucial topics that are revolutionizing the connected health industry: [...]
HealthTech Conference
2014-10-14    
All Day
HealthTech Capital is a group of private investors dedicated to funding and mentoring new "HealthTech" start ups at the intersection of healthcare with the computer [...]
Health Informatics & Technology Conference (HITC-2014)
2014-10-20    
All Day
Information technology has ability to improve the quality, productivity and safety of health care mangement. However, relatively very few health care providers have adopted IT. [...]
HIMSS Amsterdam 2014
2014-10-20    
12:00 am
About HIMSS Amsterdam 2014 This year, the second annual HIMSS Amsterdam event will be taking place on 6-7 November 2014 at the Hotel Okura. The [...]
Patient Portal Functionality and EMR Integration Demonstration
2014-10-22    
2:00 pm - 3:30 pm
This purpose of this webcast is to present a demonstration to show how the Patient Portal integrates with EMR, as well as discuss how this [...]
Connected Health Symposium 2014
Symposium 2014 - Connected Health in Practice: Engaging Patients and Providers Outside of Traditional Care Settings Collaborating with industry visionaries, clinical experts, patient advocates and [...]
CHIME College of Healthcare Information Management Executives
2014-10-28 - 2014-10-31    
All Day
The Premier Event for Healthcare CIOs Hotel Accomodations JW Marriott San Antonio Hill Country 23808 Resort Parkway San Antonio, Texas 78761 Telephone: 210-276-2500 Guest Fax: [...]
The Myth of the Paperless EMR
2014-10-29    
2:00 pm - 3:00 pm
Is Paper Eluding Your Current Technologies; The Myth of the Paperless EMR Please join Intellect Resources as we present Is Paper Eluding Your Current Technologies; The Myth [...]
Events on 2014-09-30
Events on 2014-10-02
Events on 2014-10-06
Events on 2014-10-09
Events on 2014-10-13
Events on 2014-10-14
Connected Health Care 2014
14 Oct 14
San Diego
HealthTech Conference
14 Oct 14
San Mateo
Events on 2014-10-20
HIMSS Amsterdam 2014
20 Oct 14
Amsterdam
Events on 2014-10-23
Events on 2014-10-28
Events on 2014-10-29
Articles

Managing the Finances of Implementing New Medical Technologies

managing finances
BIRMINGHAM, UNITED KINGDOM - JUNE 14: A doctor at The Queen Elizabeth Hospital Birmingham does his rounds on the wards on June 14, 2006 in Birmingham, England. Senior managers of the NHS have said that the organisation needs to become more open in the future. (Photo by Christopher Furlong/Getty Images)

When it comes to the medical field today, there is a lot of radical technology that is advancing the entire industry. However, the costs of this can be quite high. If it is your job to handle these costs and implement the technology, then you need the right game plan to manage it the right way. Here are various tips you can use to make sure you can stay profitable while putting the new tech into place:

SOPs

If there is any process that is done in your company more than once, then it should be automated. This is a great principle to keep in mind and try to uphold where you work. This has a number of advantages, but you might need some guidance on how to put it in place.

The first advantage that a standard operating procedure brings your company is speed. When everyone knows exactly how a certain task is to be accomplished, you cut out a lot of the confusion in the first place. This keeps people from making the same mistakes again and again. It also means they will be faster at their job.

When something is automated in SOP documents, it also means that you increase your chances of being in compliance with all the regulations you need to uphold. The last thing you want is a legal battle on your hands.

To create SOPs, it is actually quite simple. Sit down and write out each step of each process. This might take some time. It is the definition of simple, but not easy. However, it is more than worth your time.

Meetings

Meetings might not be fun, but they sure are effective. Make sure your team understands how you are going to install and use this technology. Get them going on it faster rather than waiting. Then, the training costs will go down.

Motivation

The medical field experiences a lot of change. One of the constants, however, is that you need to keep your people motivated. They might feel like their position is becoming harder or even going to be phased out with technology. Keeping them on the same page as everyone else is going to be crucial to implementing your new medical technologies as time goes on.

Training and Continuing Education

You may need to get special training. However, ideally, you will have been training your people all along. The more people you have on your staff that are trained with different specialties, the more you can bill and the less you have to work to accomplish the new implementation of the technology.

Outside Consulting

Whether you run a stem cell therapy center or general hospital, getting another view on the matter is always helpful. It can clear up things that seemed murky before. Hire a consultant to help make the installation go even smoother than you had hoped.

Negotiation and Bulk Ordering

Sometimes, the best strategy with new technology is not to be prudent. Instead of testing the waters with one order, you might be able to save a bundle by getting a lot of machines at one time. Make sure you love the solution first, then pull the trigger on a bigger order at a discount.

In today’s world, there is more medical technology than ever before. It is critical that you handle the implementation of it in the best way possible that minimizes costs. After all, costs are already soaring. Finding ways to reduce implementation expenses will help your medical company grow, no matter what kind of service you offer. Then, you have more profit to grow in the future without taking on as much risk