Events Calendar

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2014 OSEHRA Open Source Summit: Global Collaboration in Health IT
2014-09-03 - 2014-09-05    
8:00 am - 5:00 pm
OSEHRA is an alliance of corporations, agencies, and individuals dedicated to advancing the state of the art in open source electronic health record (EHR) systems [...]
Connected Health Summit
2014-09-04    
All Day
The inaugural Connected Health Summit: Engaging Consumers is the only event focused exclusively on the consumer-focused perspective of the fast-growing digital health/connected health market. The [...]
Health Impact MidWest
2014-09-08    
All Day
The HealthIMPACT Forum is where health system C-Suite Executives meet.  Designed by and for health system leaders like you, it provides an unmatched faculty of [...]
Simulation Summit 2014
2014-09-11    
All Day
Hilton Toronto Downtown | September 11 - 12, 2014 Meeting Location Hilton Toronto Downtown 145 Richmond Street West Toronto, Ontario, M5H 2L2, CANADA Tel: 416-869-3456 [...]
Webinar : EHR: Demand Results!
2014-09-11    
2:00 pm - 2:45 pm
09/11/14 | 2:00 - 2:45 PM ET If you are using an EHR, you deserve the best solution for your money. You need to demand [...]
Healthcare Electronic Point of Service: Automating Your Front Office
2014-09-11    
3:00 pm - 4:00 pm
09/11/14 | 3:00 - 4:00 PM ET Start capitalizing on customer convenience trends today! Today’s healthcare reimbursement models put a greater financial risk on healthcare [...]
e-Patient Connections 2014
2014-09-15    
All Day
e-Patient Connections 2014 Follow Us! @ePatCon2014 Join in the Conversation at #ePatCon The Internet, social media platforms and mobile health applications are enabling patients to take an [...]
Free Webinar - Don’t Be Denied: Avoiding Billing and Coding Errors
2014-09-16    
1:00 pm - 2:00 pm
Tuesday, September 16, 2014 1:00 PM Eastern / 10:00 AM Pacific   Stopping the denial on an individual claim is just the first step. Smart [...]
Health 2.0 Fall Conference 2014
2014-09-21    
12:00 am
We’re back in Santa Clara on September 21-24, 2014 and once again bringing together the best and brightest speakers, newest product demos, and top networking opportunities for [...]
Healthcare Analytics Summit 14
2014-09-24    
All Day
Transforming Healthcare Through Analytics Join top executives and professionals from around the U.S. for a memorable educational summit on the incredibly pressing topic of Healthcare [...]
AHIMA 2014 Convention
2014-09-27    
All Day
As the most extensive exposition in the industry, the AHIMA Convention and Exhibit attracts decision makers and influencers in HIM and HIT. Last year in [...]
2014 Annual Clinical Coding Meeting
2014-09-27    
12:00 am
Event Type: Meeting HIM Domain: Coding Classification and Reimbursement Continuing Education Units Available: 10 Location: San Diego, CA Venue: San Diego Convention Center Faculty: TBD [...]
AHIP National Conferences on Medicare & Medicaid
2014-09-28    
All Day
Balancing your organization’s short- and long-term needs as you navigate the changes in the Medicare and Medicaid programs can be challenging. AHIP’s National Conferences on Medicare [...]
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 [...]
Events on 2014-09-04
Connected Health Summit
4 Sep 14
San Diego
Events on 2014-09-08
Health Impact MidWest
8 Sep 14
Chicago
Events on 2014-09-15
e-Patient Connections 2014
15 Sep 14
New York
Events on 2014-09-21
Health 2.0 Fall Conference 2014
21 Sep 14
Santa Clara
Events on 2014-09-24
Healthcare Analytics Summit 14
24 Sep 14
Salt Lake City
Events on 2014-09-27
AHIMA 2014 Convention
27 Sep 14
San Diego
Events on 2014-09-28
Events on 2014-09-30
Events on 2014-10-02
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