Events Calendar

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12:00 AM - EXPO.health
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32nd Annual Summer Seminar in Health Care Ethics & Surgical Ethics
2019-07-29 - 2019-08-02    
All Day
32nd Annual Summer Seminar in Health Care Ethics & Surgical Ethics is organized by University of Washington School of Medicine (UWSOM) Continuing Medical Education (CME) [...]
3-Day Physician Assistant PANCE / PANRE Board Review Course by Certified Medical Educators (CME) - Salt Lake City
2019-07-29 - 2019-07-31    
All Day
3-Day Physician Assistant PANCE / PANRE Board Review Course is organized by Certified Medical Educators (CME) and will be held from Jul 29 - 31, [...]
Four Week Radiologic Pathology Correlation Course (Jul 29 - Aug 23, 2019)
2019-07-29 - 2019-08-23    
All Day
Four Week Radiologic Pathology Correlation Course is organized by American Institute for Radiologic Pathology (AIRP) and will be held from Jul 29 - Aug 23, [...]
Third Annual Philadelphia Trauma Training Conference
2019-07-30 - 2019-08-01    
All Day
Third Annual Philadelphia Trauma Training Conference is organized by Thomas Jefferson University (TJU) and will be held from Jul 30 - Aug 01, 2019 at [...]
IDAA Annual Meeting 2019
2019-07-31 - 2019-08-04    
All Day
International Doctors in Alcoholics Anonymous (IDAA) 70th Annual Meeting 2019 is organized by International Doctors in Alcoholics Anonymous (IDAA) and will be held from Jul [...]
EXPO.health
2019-07-31 - 2019-08-02    
All Day
EXPO.health Schedule July 31 - August 2, 2019 - Location: Boston, MA Join us at EXPO.health (Formerly Healthcare IT Expo – HITExpo) 2019 happening July [...]
01 Aug
2019-08-01 - 2019-08-03    
All Day
UCSF CME: Neurosurgery Update 2019 is organized by The University of California, San Francisco (UCSF) Office of Continuing Medical Education and will be held from [...]
PBI Medical Ethics & Professionalism (ME-22) - Irvine
2019-08-02 - 2019-08-03    
All Day
PBI Medical Ethics & Professionalism (ME-22) is organized by Professional Boundaries, Inc. (PBI) and will be held from Aug 02 - 03, 2019 at Wyndham [...]
The 8th Beijing International Top Health & Medical Exhibition (BIHM)
2019-08-02 - 2019-08-04    
All Day
The 8th Beijing International Private Health and Medical Exhibition will be held at the China International Exhibition Center from August 2nd to August 4th, 2019. [...]
Angiogenesis Gordon Research Seminar (GRS) 2019
2019-08-03 - 2019-08-04    
12:00 am
Angiogenesis Gordon Research Seminar (GRS) is organized by Gordon Research Conferences (GRC) and will be held from Aug 03 - 04, 2019 at Salve Regina [...]
Lung Development, Injury and Repair Gordon Research Seminar (GRS) 2019
2019-08-03 - 2019-08-04    
All Day
Lung Development, Injury and Repair Gordon Research Seminar (GRS) is organized by Gordon Research Conferences (GRC) and will be held from Aug 03 - 04, [...]
Platelet Rich Plasma for Aesthetics Course - Miami (Aug 2019)
Platelet Rich Plasma for Aesthetics Course is organized by Empire Medical Training (EMT), Inc and will be held on Aug 04, 2019 at GALLERYone - [...]
Physician Medical Weight Loss Training (Aug 04, 2019)
2019-08-04    
All Day
Physician Medical Weight Loss Training is organized by Empire Medical Training (EMT), Inc and will be held on Aug 04, 2019 at The Platinum Hotel [...]
Grand opening for Saint Alphonsus Regional Rehabilitation Hospital
2019-08-07    
4:00 pm - 6:00 pm
Grand opening for Saint Alphonsus Regional Rehabilitation Hospital 711 North Curtis Road | Boise, Idaho Aug 7, 2019 4:00 p.m. MDT A new home for Saint Alphonsus [...]
7th International Conference on  Medical Informatics & Telemedicine
2019-08-12 - 2019-08-13    
All Day
Conference Date : August 12-13, 2019 Rome, Italy Theme: Innovative information technologies for the improvement of patient care “7th International Conference on Medical Informatics and Telemedicine” will take [...]
CMBBE 2019 - 16th International Symposium on Computer Methods in Biomechanics and Biomedical Engineering and the 4th Conference on Imaging and Visualization
2019-08-14 - 2019-08-16    
8:00 am - 6:00 pm
CMBBE 2019 - 16th International Symposium on Computer Methods in Biomechanics and Biomedical Engineering and the 4th Conference on Imaging and Visualization is organized by [...]
Joint / Extremity / Non Spinal Injection Course (Aug 17, 2019)
2019-08-17    
All Day
Joint / Extremity / Non Spinal Injection Course is organized by Empire Medical Training (EMT), Inc and will be held on Aug 17, 2019 at [...]
Wilderness Medicine Expedition Course 2019
2019-08-25 - 2019-09-02    
All Day
Wilderness Medicine Expedition Course is organized by National Outdoor Leadership School (NOLS) and will be held from Aug 25 - Sep 02, 2019 at Wyss [...]
Diabetes, Lipidology, Pulmonary Medicine, and Critical Care Conference
2019-08-25 - 2019-09-01    
All Day
Diabetes, Lipidology, Pulmonary Medicine, and Critical Care Conference is organized by Continuing Education, Inc and will be held from Aug 25 - Sep 01, 2019 [...]
Neurology Certification Review 2019
2019-08-29 - 2019-09-03    
All Day
Neurology Certification Review is organized by The Osler Institute and will be held from Aug 29 - Sep 03, 2019 at Holiday Inn Chicago Oakbrook, [...]
Ophthalmology Lecture Review Course 2019
2019-08-31 - 2019-09-05    
All Day
Ophthalmology Lecture Review Course is organized by The Osler Institute and will be held from Aug 31 - Sep 05, 2019 at Holiday Inn Chicago [...]
Emergency Medicine, Sex and Gender Based Medicine, Risk Management/Legal Medicine, and Physician Wellness
2019-09-01 - 2019-09-08    
All Day
Emergency Medicine, Sex and Gender Based Medicine, Risk Management/Legal Medicine, and Physician Wellness is organized by Continuing Education, Inc and will be held from Sep [...]
Events on 2019-07-30
Events on 2019-07-31
IDAA Annual Meeting 2019
31 Jul 19
Knoxville
EXPO.health
31 Jul 19
Boston
Events on 2019-08-01
01 Aug
Events on 2019-08-29
Events on 2019-08-31
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