Events Calendar

Mon
Tue
Wed
Thu
Fri
Sat
Sun
M
T
W
T
F
S
S
26
27
28
30
2
8
9
10
11
12
13
14
19
21
24
26
28
29
30
1
2
3
4
5
6
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 [...]
Medical Philippines 2019
2019-09-03 - 2019-09-05    
All Day
The 4th Edition of Medical Philippines Expo 2019 is organized by Fireworks Trade Exhibitions & Conferences Philippines, Inc. and will be held from Sep 03 [...]
Grand Opening Celebration for Encompass Health Katy
2019-09-04    
4:00 pm - 7:00 pm
Grand Opening Celebration for Encompass Health Katy 23331 Grand Reserve Drive | Katy, Texas Sep 4, 2019 4:00 p.m. CDT Encompass Health will host a grand opening [...]
Galapagos & Amazon 2019 Medical Conference
2019-09-05 - 2019-09-17    
All Day
Galapagos & Amazon 2019 Medical Conference is organized by Unconventional Conventions and will be held from Sep 05 - 17, 2019 at Santa Cruz II, [...]
Mesotherapy Training (Sep 06, 2019)
2019-09-06    
All Day
Mesotherapy Training is organized by Empire Medical Training (EMT), Inc and will be held on Sep 06, 2019 at The Westin New York at Times [...]
Aesthetic Next 2019 Conference
2019-09-06 - 2019-09-08    
All Day
Aesthetic Next 2019 Conference Venue: SEPTEMBER 6-8, 2019 RENAISSANCE DALLAS HOTEL, DALLAS, TX www.AestheticNext.com On behalf Aesthetic Record EMR, we would like to invite you [...]
Anti-Aging - Modules 1 & 2 (Sep, 2019)
2019-09-07    
All Day
Anti-Aging - Modules 1 & 2 is organized by Empire Medical Training (EMT), Inc and will be held on Sep 07, 2019 at The Westin [...]
Allergy Test and Treatment (Sep, 2019)
2019-09-15    
All Day
Allergy Test and Treatment is organized by Empire Medical Training (EMT), Inc and will be held on Sep 15, 2019 at Aloft Chicago O'Hare, Chicago, [...]
Biosimilars & Biologics Summit 2019
2019-09-16 - 2019-09-17    
All Day
TBD
Biosimilars & Biologics Summit 2019 is organized by Lexis Conferences Ltd and will be held from Sep 16 - 17, 2019 at London, England, United [...]
X Anniversary International Exhibition of equipment and technologies for the pharmaceutical industry PHARMATechExpo
2019-09-17 - 2019-09-19    
All Day
X Anniversary International Exhibition of equipment and technologies for the pharmaceutical industry PHARMATechExpo is organized by Laboratory Marketing Technology (LMT) Company, Shupyk National Medical Academy [...]
2019 Physician and CIO Forum
2019-09-18 - 2019-09-19    
All Day
Event Location MEDITECH Conference Center 1 Constitution Way Foxborough, MA Date : September 18th - 19th Conference: Wednesday, September 18  8:00 AM - 5:00 PM [...]
Stress, Depression, Anxiety and Resilience Summit 2019
2019-09-20 - 2019-09-21    
All Day
Stress, Depression, Anxiety and Resilience Summit is organized by Lexis Conferences Ltd and will be held from Sep 20 - 21, 2019 at Vancouver Convention [...]
Sclerotherapy for Physicians & Nurses Course - Orlando (Sep 20, 2019)
2019-09-20    
All Day
Sclerotherapy for Physicians & Nurses Course is organized by Empire Medical Training (EMT), Inc and will be held on Sep 20, 2019 at Sheraton Orlando [...]
Complete, Hands-on Dermal Filler (Sep 22, 2019)
2019-09-22    
All Day
Complete, Hands-on Dermal Filler is organized by Empire Medical Training (EMT), Inc and will be held on Sep 22, 2019 at Sheraton Orlando Lake Buena [...]
The MedTech Conference 2019
2019-09-23 - 2019-09-25    
All Day
The MedTech Conference 2019 is organized by Advanced Medical Technology Association (AdvaMed) and will be held from Sep 23 - 25, 2019 at Boston Convention [...]
23 Sep
2019-09-23 - 2019-09-24    
All Day
ABOUT 2ND WORLD CONGRESS ON RHEUMATOLOGY & ORTHOPEDICS Scientific Federation will be hosting 2nd World Congress on Rheumatology and Orthopedics this year. This exciting event [...]
25 Sep
2019-09-25 - 2019-09-26    
All Day
ABOUT 18TH WORLD CONGRESS ON NUTRITION AND FOOD CHEMISTRY Nutrition Conferences Committee extends its welcome to 18th World Congress on Nutrition and Food Chemistry (Nutri-Food [...]
ACP & Stem Cell Therapies for Pain Management (Sep 27, 2019)
2019-09-27    
All Day
ACP & Stem Cell Therapies for Pain Management is organized by Empire Medical Training (EMT), Inc and will be held on Sep 27, 2019 at [...]
01 Oct
2019-10-01 - 2019-10-02    
All Day
The UK’s leading health technology and smart health event, bringing together a specialist audience of over 4,000 health and care professionals covering IT and clinical [...]
Events on 2019-08-29
Events on 2019-08-31
Events on 2019-09-03
Medical Philippines 2019
3 Sep 19
Pasay City
Events on 2019-09-04
Events on 2019-09-05
Galapagos & Amazon 2019 Medical Conference
5 Sep 19
Galapagos Islands
Events on 2019-09-06
Events on 2019-09-07
Events on 2019-09-15
Events on 2019-09-16
Events on 2019-09-18
2019 Physician and CIO Forum
18 Sep 19
Foxborough
Events on 2019-09-22
Events on 2019-09-23
The MedTech Conference 2019
23 Sep 19
Boston
23 Sep
Events on 2019-09-25
Events on 2019-09-27
Events on 2019-10-01
01 Oct
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