Corazon, Inc., the national leader in program development for the Heart, Vascular, Neuroscience, Spine, Orthopedic, and Surgical specialties, is excited to introduce its comprehensive Surgical Services offering, designed to improve hospitals’ operating room efficiency, financial performance, and patient satisfaction. The innovative offering comes at a critical time, as the global operating room market is expected to grow at a CAGR of 12% from 2022 to 2030, reflecting a substantial demand for top-notch surgical services.
Operating rooms play a pivotal role in the financial health of hospitals, accounting for two-thirds of total revenue, 60% of total margin, and 40% of total expenses. As the number of surgical niche competitors and the need for surgical service leaders increase, Corazon's Surgical Services will be instrumental in addressing these challenges.
Using a data-driven approach, Corazon's Surgical Services Assessment aims to focus on optimizing key operational metrics with high degrees of inefficiency that have significant cost implications, including late on-time starts, turnaround time (TAT), long procedure times, scheduling issues, surgical site infections (SSI), supply utilization, and OR level charging. By addressing these issues, hospitals can accommodate more cases, reduce errors, and avoid reimbursement penalties, ultimately improving patient satisfaction and outcomes.
Based on a study from the Journal of Orthopedic Business, the mean estimated OR cost per minute is $46.04, adjusted for inflation. Through an in-depth analysis, Corazon has identified potential annual cost savings in several key areas, such as $897,000 from reducing late on-time starts, $4.79 million from optimizing turnaround time, and $4.79 million from minimizing long procedure times.
Corazon's Surgical Services Assessment not only provides a roadmap for process improvement, but also offers an objective third-party opinion, medical advisors, benchmarking, and access to industry-leading tools and resources. By choosing Corazon for your perioperative assessment, hospital staff can remain focused on clinical care rather than administrative burdens.
As the global ASC market is projected to increase at a 3.9% compound annual growth rate over the next nine years, with multispecialty ASCs expected to expand at a CAGR of 4.3% through 2031, Corazon's Surgical Services Solution is poised to become an essential component of any hospitals' strategic growth and operational success.
For more information about Corazon's Surgical Services Assessment and how it can enhance your hospital's operational efficiency and patient outcomes, please visit our website or contact us today.
Corazon is the national leader in program development for the Heart, Vascular, Neuroscience, Spine, Orthopedic, and Surgical services, offering a full continuum of Consulting, Recruitment, Interim Management, Peer Review, and Accreditation. We provide the strategic, clinical, operational, market, and financial expertise necessary to develop a truly outstanding specialty program. For more information, visit www.corazoninc.com.