According to a new market report published by Transparency Market Research “Reprocessed Medical Devices Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020″, the global reprocessed medical devices market was valued at USD 0.78 billion in 2013 and is expected to grow at a CAGR of 19.3% from 2014 to 2020, to reach USD 2.58 billion in 2020.
Posted on September 18th, 2014
Posted on September 10th, 2014
Tomorrow is Practice Green Health’s Greening the OR Symposium in Chicago. Today is the last day to register. During the course of a one day workshop, discussion will cover strategies in the OR to reduce the environmental footprint and how to engage key stakeholders to make lasting changes. Topics will include energy and water reduction, waste minimization, environmentally preferable purchasing, and more. More information here.
Posted on September 5th, 2014
RP Siegel writes: “People, primarily skeptics, often want to know what is the business case for taking action on climate change. Typically, all they can see is the prospect of energy prices going up since, they imagine, energy companies will be forced to make expensive modifications or pay taxes or credits that will raise the price of everything else while providing nothing additional in return. My favorite answer to the question is this one: What is the business case for not taking action? But recently I discovered another set of numbers that justify taking action, which leads me to believe there are probably even more waiting to be discovered.”
Posted on September 3rd, 2014
Posted on September 2nd, 2014
. . . Stryker Sustainability Solutions says it helps reduce 3,400 tons of medical waste per year and saves hospitals $6.5 in supply costs every second. “Infection preventionists should remember that some medical devices, while marketed by original manufacturers as “single-use,” can be reprocessed by a regulated, third-party reprocessor,” says Caryn Humphrey, RN, BSN, MBA, product manager for Stryker Sustainability Solutions. “Reprocessing can extend the life of a device and reduce the amount of waste entering our nation’s landfills. Taking the time to educate staff about which devices can be reprocessed and how to follow proper collection protocols is a crucial step in ensuring that biohazard waste is handled appropriately. Reprocessing also helps hospitals minimize waste and maximize savings. In 2013 alone, Stryker Sustainability Solutions’ customers eliminated approximately 8.9 million pounds of medical waste from landfills.”
Full story here.
Reprocessing Industry Overwhelmingly Supported by U.S. News & World Report’s 2014-2015 “Honor Roll” Hospitals
Posted on August 29th, 2014
Washington D.C., August 29, 2014 – Each year, U.S. News & World Report releases their annual list of the Best Hospitals across the country, including the highly coveted “Honor Roll” list that distinguishes the hospitals best ranked out of nearly 5,000 hospitals evaluated. This year, only 144 hospitals were ranked nationally in one or more specialties to be determined as a “Best Hospital,” and of these, 17 hospitals made the cut to be among those in the “Honor Roll.”
This year, the Association of Medical Device Reprocessors (AMDR) is proud to announce that its members currently serve 14 out of 17 hospitals in the U.S. News & World Report’s “Honor Roll” List.
Posted on August 28th, 2014
The following is just one of many instances where HPN’s current issue highlights the environmental and economically sustainable practice of SUD reprocessing.
John Orsini, CPA, Executive Vice President and CFO, Cadence Health, Winfield, IL
“For Cadence Health, reprocessing [single-use devices] is a win-win. Stryker Sustainability Solutions takes away SUDs for free, and we get to buy back a reprocessed item at a significantly reduced cost. We’re not only saving on the device but we’re also significantly reducing the number of items that are going to a landfill, thereby reducing medical device disposal costs as well.
“Cadence Health expects to save a half a million dollars per year based on our volume and the average reprocessing capability for a system our size. Although this amount might seem small, the more cash we can generate for the system, the more we can invest into the system.”
Read more here.
Posted on August 26th, 2014
Not only does reprocessing SUD’s reduce waste but it results in significant cost savings. Typically, hospitals and surgery centers can attain a $15,000 to $25,000 annual savings for every active operating room that they have through reprocessing single use devices. (Source: http://www.amdr.org/wp-content/uploads/2011/04/Business-Case-for-Reprocessing-for-web.pdf). As of 2008, 70 percent of U.S hospitals had a contract with third-party reprocessing companies. (Source: https://practicegreenhealth.org/sites/default/files/upload-files/gorimpmod-meddevicerepr_r5_web_0.pdf).
Full story here
Posted on August 14th, 2014
The lifespan of medical devices is growing longer as more and more hospitals are turning to device reprocessing to cut costs, reduce waste and maximize potential use of these items.
Millions of single-use devices are used daily in healthcare facilities across the country. Instead of throwing away devices after use, third-party reprocessors refurbish them back to original manufacturer specifications so hospitals can reuse them, saving money and eliminating waste while still assuring clinical quality and safety for patients.
Posted on August 8th, 2014
‘Singled out’ – Dan Vukelich, of the Association of Medical Device Reprocessors, examines issues surrounding ‘single use’ devices, the opportunities available for the reprocessing of these devices in the EU and how it can learn from the US experience…
Full story here