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Insider Media: Synergy Health Acquires US Business

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Insider Media Limited

March 21, 2012

The Swindon-based company has acquired MSI from Empire Investment Holdings for a cash consideration of $6.5 m (£4.1m).

MSI operates a hospital sterilisation facility in New York and is said to be the second largest provider of these outsourced services in the US. It recorded revenue of $4m (£2.5m) for the year to 31 December 2011.

Synergy Health said the acquisition of MSI is an early step in its plans to develop a hospital outsourcing base in the US. The company will work with MSI’s customer base to expand its knowledge with the view of developing a networking in 2013.

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Fierce Healthcare: ACOs changing economics

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Fierce Healthcare

March 14, 2012 | By 

Could health reform, and more specifically, accountable care organizations be slowing down healthcare spending? That’s the hope, and for some, evidenced by recent data, Think Progress noted.

The Congressional Budget Office made a major revision to its 10-year Medicare spending projection by decreasing estimates by $69 billion, Paul Ginsburg and Chapin White at the Center for Studying Health System Change, in Washington, D.C., wrote in the New England of Journal of Medicine last week. “[W]e do not believe that the recent slowdown in Medicare spending growth is a fluke,” they wrote. “There has been a long-term trend toward tighter Medicare payment policy, and policy changes that began in the middle of the 2000s have continued that tightening.”

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For more information about ACOs, be sure to visit www.accountablecareforum.com!

Becker’s ASC Review: 5 Strategies for Cutting Costs in an Out-of-Network Center from ASC Administrator Toni Rambeau

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Becker’s ASC Review

Written by Taryn Tawoda | March 14, 2012

Long-term cost management is among the greatest challenges for out-of-network ASCs. As the administrator of an out-of-network surgery center that performs more than 300 cases per month in a one-room OR, Toni Rambeau, CASC, has developed the necessary cost management strategies her center requires to sustain long-term profitability. 

“Cost containment is how we are able to thrive and expand as an out-of-network-only center,” said Ms. Rambeau, administrator of SurgCenter in Glen Burnie, Md. “Orthopedics can be very costly, but we work well together to find what the surgeon needs and also provide a price that makes us profitable at the same time.” 

Ms. Rambeau shared five essential strategies for eliminating unnecessary costs, securing reimbursements and educating center staff on the importance of cost containment in an out-of-network center.

2. Reprocess single use items. By using a consistent medical supply reprocessing company, surgery centers can save around 50 percent per item by sending in single use items and purchasing them back. SurgCenter uses Medisiss for its reprocessing needs, according to Ms. Rambeau.

“Once a procedure is finished, we clean the products and ship out a box of single use items every week to Medisiss,” Ms. Rambeau said. “They run items through a battery of tests and clean and process them before sending them back to us. We purchase the products back from them, paying only half of what they initially cost.”

Some items — including ENT shavers, blades, arthroscopic shavers and trocars for endoscopy — can be used many times over with this process. 

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For more information about how your hospital or ASC can succeed with reprocessing, be sure to visit AMDR on the webTwitter, and Facebook, or send us an email request to info@amdr.org

DOTmed News: “Special Report: The Start of Endoscopy’s Reign”

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DOTmed News

March 16, 2012

by Diana Bradley , Staff Writer

When faced with surgery, it goes without saying that patients favor the most minimally invasive route. This is why physicians now regard new and innovative endoscopic devices as the primary method of diagnosis and treatment ahead of imaging scans. Enabling access to hard-to-reach regions of the body, endoscopic procedures enhance patient outcomes and reduce hospital stay and recovery times. So it comes as little surprise that endoscopy is among the top growing sectors in the medical device industry. 

Generating sales of $23.3 billion in 2010, the global market for endoscopy devices will rapidly grow to $49 billion by 2017 and $75.8 billion by 2022, forecasts business information provider visiongain’s Jan. report, “Endoscopy Devices: World Market Outlook 2012-2022.” The leader in the global rigid endoscopes market is Karl Storz, with a market share of 36 percent, followed by Olympus Medical Systems Corp. with a 32 percent market share. Richard Wolf GmbH, Stryker Corporation and B. Braun Melsungen AG also have significant presence in the market, according to research firm GlobalData’s July report, “Rigid Endoscopes – Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017.” As of 2010, companies that accounted for 90 percent of the global market share for the flexible endoscopes market were Olympus, with a market share of 67 percent; followed by Fujifilm and Hoya, says GlobalData’s July report, “Flexible Endoscopes – Global Pipeline Analysis, Competitive Landscape and Market Forecasts to 2017.” 

…The endoscopy industry has also seen much consolidation in the past year. Mark Waite, CEO of the Portland, Maine-based Lighthouse Imaging Corporation, says one of the biggest stories was in September when scope repair company SterilMed was acquired by original equipment manufacturer Ethicon Endo-Surgery, a division of Johnson & Johnson. He notes that a big chunk of the market’s consolidation is due to increased OR integration. 

“A company like Karl Storz can go into a hospital and say, ‘We can outfit the whole OR with beds, lights, endoscopy equipment and scopes,’” says Waite. “If you’re a company only focused on endoscopy equipment, you are probably not going to get designed into some of the bigger hospitals; you’re going to have to focus on a certain niche.” 

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PR Web: St. Elizabeth Health Center Receives ‘Healthy Hospital Award’

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PR Web News Release

March 19, 2012

St. Elizabeth Health Center has received a silver “Healthy Hospital Award” from Stryker Sustainability Solutions.

The award recognizes “outstanding performance in reducing environmental harm and improving overall hospital quality through medical device remanufacturing and reprocessing” in 2011.

Through its medical device remanufacturing and reprocessing practices, St. Elizabeth Health Center saved $175,055 last year and prevented 9,788 pounds of materials from entering the waste stream…

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To learn more about how reprocessing can help your hospital reduce environmental harm and improving overall quality, please visit AMDR on the web, Twitter, and Facebook, or send an email to info@amdr.org.

Fierce Health Finance: “CBO: Medicare, Medicaid spending to double by 2020″

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Fierce Health Finance

March 14th, 2012

The Congressional Budget Office has issued a revised report projecting Medicare and Medicaid spending will grow significantly over the next decade.

The CBO has updated its January forecast that Medicare spending will drop $69 billion by 2020 in light of recently enacted legislation and an analysis of President Barack Obama’s budget. According to March projections, Medicare spending will jump to $1.058 trillion in 2022, almost double the $565.3 billion spent in 2011…

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AMDR Members Selected for Practice Greenhealth’s Environmentally Preferable Purchasing Business Leadership Coalition

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SterilMed and Stryker Sustainability Solutions were recently selected as founding members for Practice Greenhealth’s (PGH) Environmentally Preferable Purchasing (EPP) Business Leadership Coalition, a group of 15 leading businesses in the health care sector that have been brought together by Practice Greenhealth to assist hospitals and others in the sector to promote the purchase of products and processes that are less hazardous to the environment. According to the PGH press release, the 15 founding members pledged in their initial statement of intent to “closely examine their own supply chains in order to identify practices, processes, materials or social considerations that may impact the products offered to the health care sector. They will also share best practices uncovered in their own businesses in “an honest effort to bring about positive change both internally and externally.”” AMDR is proud of both companies for their stewardship to the environment and commends the other 13 members for their commitment to reduce unnecessary waste generated by the health care industry.

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For more information on how a reprocessing program can limit your hospital’s waste production, please visit AMDR on the web, Twitter, or Facebook.

 

Outpatient Surgery Magazine: Secrets to Success With Reprocessing

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Outpatient Surgery Magazine

Renea Goode, RN

Controversy still surrounds the reprocessing of single-use devices. Opponents of reprocessed SUDs claim reused instruments are unclean and unsafe. Champions of the practice cite reduced waste and purchasing costs as benefits too big to ignore.

So opinions vary. But the FDA and the U.S. Government Accountability Office have deemed reprocessed devices to be safe, and more surgery centers are turning to third-party reprocessors to help them reap the economic and environmental benefits of reusing surgical devices. Finding a vendor to provide ongoing education is key to getting your reprocessing program off the ground, and to getting your OR staff on board with SUD reprocessing…

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For more information about how your hospital can succeed with reprocessing, be sure to visit AMDR on the web, Twitter, and Facebook!

 

Becker’s Hospital Review: “Reprocessing for the Future: 10 Best Practices for a Hospital Reprocessing Program”

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Becker’s Hospital Review

Authored by Lars Thording, Senior Director of Marketing and Public Affairs, Stryker Sustainability Solutions

March 6, 2012

Every healthcare facility faces the same challenge: to reduce costs without sacrificing the delivery of quality care. As a result of dwindling healthcare reimbursements, and increased awareness of environmental sustainability, more facilities are turning to reprocessed single-use devices as an effective resource management strategy. Reprocessing programs are used by more than half of U.S. hospitals and all seventeen of the U.S. News & World Report ”Honor Roll” hospitals. 

As an industry, we have changed the way hospitals look at SUDs. Practices have evolved for hospitals to safely participate in reprocessing and remanufacturing programs while making smarter purchasing decisions and reducing their environmental footprint. It’s easier to become a healthier hospital today than it was as recently as ten, even five years ago.

…Impacting the industry
Members of the Association of Medical Device Reprocessors help divert an estimated 9 million pounds of medical waste from landfills over the course of a year. Healthcare facilities are the second leading contributor of waste in the U.S., producing more than 4 billion pounds of waste annually. According to Practice Greenhealth, operating rooms are some of the most resource-intensive places in hospitals, generating between 20 and 30 percent of a facility’s waste. Much of that is disposed of as medical waste, which costs 10 to 15 times more to dispose than regular waste. Using reprocessed medical devices can help mitigate these numbers while also reducing costs.

Remanufactured devices are about half the cost of original manufactured single-use devices. It is estimated that the healthcare industry would save nearly $2 billion every year if just one or two percent of devices marked “single-use” by device manufacturers were able to be reprocessed through FDA-regulated third-party reprocessors. Smart purchasing decisions, including the use of reprocessed devices, allow hospitals to deploy more of their scarce resources towards improving patient care through quality initiatives, such as hiring more nurses or purchasing much-needed equipment. 

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For more information on how hospitals can benefit from a successful reprocessing program, please visit AMDR on the web, Twitter, and Facebook!

 

GlobeNewswire: Vascular Solutions Launches Reprocessing Service for ClosureFAST(R) Vein Catheters

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GlobeNewswire Press Release

Posted on February 1, 2012

Vascular Solutions, Inc. announced that it is marketing a reprocessing service for the ClosureFAST radiofrequency ablation catheter in the United States. The ClosureFAST catheter, which is manufactured and marketed by VNUS Medical Technologies, Inc. division of Covidien, is widely used for performing endovenous therapy for the treatment of varicose veins. Vascular Solutions’ reprocessing service is designed to help physicians reduce medical waste and lower their costs.

…”Reprocessing has proven to be a safe and effective way for hospitals and clinics to cut down on medical waste and reduce operating costs. As a result, the vast majority of U.S. hospitals are now contracting with third-party reprocessors for a wide variety of medical devices,” said Howard Root, Chief Executive Officer of Vascular Solutions. “Reprocessing has become one of the fastest-growing segments of the medical device industry, and we are very pleased to be entering this market in collaboration with NES for the ClosureFAST catheter, which we estimate to be generating in excess of $70 million in annual sales in the U.S.”

…Hospitals and clinics that subscribe to the service send their used ClosureFAST catheters directly to NES for reprocessing. Upon completion of reprocessing, customers receive those same catheters back, ready for a second use. NES’s validated reprocessing system for the ClosureFAST catheters involves multiple stages, including decontamination, cleaning, drying, packaging, labeling, sterilization, and biological quarantine testing. As part of the process, each catheter is subjected to function testing and undergoes multiple inspections to ensure that quality standards are met…

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For more information about third party reprocessing, be sure to follow AMDR on the Web, Twitter and Facebook!