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Refurbished Medical Equipment: Forecasts and Trends

Refurbished Medical Equipment

There has been a worldwide increase in demand for refurbished medical systems over the last decade.

The global market for refurbished medical equipment is anticipated to grow more than $16 billion by 2024 and will grow at a CAGR of more than 10% in this forecast period.

More and more hospitals, especially new facilities, are opting for different options in order to shave down the costs of capital investments.

Specific components accelerating the market growth includes the pressure for better overall cost efficiency within healthcare organizations, sitting on a sizable amount of inventory including older or used medical devices, the popularity of medical tourism rising, and private healthcare organizations gaining momentum.

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What is Sustainable Health?

Sustainable HealthAccording to Practice Greenhealth, a nonprofit membership organization created on the principles of positive environmental stewardship and best practices in the healthcare sector, healthcare represents 18% of the U.S. economy, and 10% of the global economy. Healthcare undoubtedly has the ability to make a positive transformation on communities and commerce.

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State of the Union: 2019 Healthcare Trends

State of the Union: 2019 Healthcare TrendsWith political campaigns ramping up and candidate debates taking center stage on primetime television, it comes as no surprise that healthcare is a hot topic now more than ever. It is, after all, one of the most relevant social and economic concerns in the United States.

Surveys indicate that voters continue to be frustrated with inflated drugs prices, rising out-of-pocket expenses, and grim health insurance benefits.

Most projections indicate that Democrats will fall short of taking senate control next year, much less meet the 60-vote supermajority that is needed to pass Medicare for All (without a filibuster). Republicans haven’t been shy about sharing their intentions to unanimously vote against the bill.

The Democratic House has a progressive agenda regarding healthcare, but the laws presiding over healthcare are most likely going to stay as is.

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How Value-Based Incentives are Surging Outpatient Care

Outpatient Care

Modernized clinical practices, shifting patient priorities, and monetary enticements are some of the driving factors in boosting outpatient services. According to Deloitte Insights, based on data from an AHA annual survey, hospital revenue from outpatient services increased from 30% to 47% between 1995 and 2016.

To gather a comprehensive understanding into what is steering expansion in outpatient usage and a decrease in inpatient care, using Medicare data of claims between 2012 and 2015, the Deloitte Center for Health Solutions performed an analysis and discovered three valuable insights:

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Why Outpatient Care is on the Rise

Outpatient Care

More and more, medical procedures are being conducted in outpatient facilities vs. an inpatient setting. Mammogram screenings and cataract procedures may not come as a surprise, but many patients would rather have their total joint replacement surgery done in ambulatory centers than in a hospital. This is because of the convenience factor, a lesser burden on the wallet, and overall easier experience.

The gap between inpatient and outpatient net revenue continues to close in. In the 2019 Hospital Statistics report, the American Hospital Association shared that hospitals’ 2017 outpatient revenue was $472 billion. By comparison, the inpatient revenue was nearly $498 billion.

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Combating Physician Burnout with Coaching

Combating Physician Burnout with Coaching

The age-old expression…the landscaper always has the worst-looking yard…means that we tend to pour ourselves into our professions, but don’t necessarily give ourselves the same TLC. The same can be true for physicians. In this month’s blog content, we discussed the burnout epidemic among medical workers, as well as ideas on how to combat the mental, emotional and physical demise of healthcare staff. 

Fortune 500 companies invest in coaching to encourage behavioral proficiency of their current leaders and leaders-in-training. Personal development and leadership coaching have become mainstream in recent years.

Respected, world-renowned coaches such as Tony Robbins, John Maxwell, and Rachel Hollis are plastered all over social media, podcasts and stand on stages in front of tens of thousands of “students.” It’s time to invest in coaches for physicians who are deserving and very much need some attention in the self-care department.

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Strategies to Improve the Well-Being of Healthcare Employees

Strategies to Improve the Well-Being of Healthcare EmployeesWith increased employee turnover rates, compromised patient care, and elevated rates of errors, healthcare organizations are driving strategies to boost the well-being of their medical staff — including physicians, nurses, and support staff.

In this article we will cover initiatives to holistically improve the well-being of those who dedicate their time and talents to caring for others. But first, let’s review the hard truth about the state of our medical community’s wellness.

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Service Training Course September 30th - October 4th

Service Training Course – September 30th – October 4th

Mark your calendar! This Fall, Auxo Medical will be offering a Steris Sterilizer and Washer/Disinfector service training course!

The course will be offered September 30th – October 4th 2019 at Auxo Medical in Richmond, VA.

September 30th – October 1st 2019  – Steris Small Stage 3 Series Sterilizers for 2 days (3013, 3023, & Gravity units)
October 2nd – 3rd 2019  – Steris 444 Washer Disinfectors
October 4th, 2019 – Review/Water Chemistry LLC discussion on importance of water quality for the final half day.

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The Need to Increase Healthcare Employees’ Well-Being

improving-2

 

Improving the patient experience, patient health outcomes, and process efficiency — also known as the Triple Aim — may have a name change coming in the future. That is if the focus is expanded from solely improving patients’ well-being, to also improving the well-being of those who care for these patients.

The Quadruple Aim would include medical and healthcare support staff, showing an interest in advancing their overall experience, too.

The Triple Aim is a top focus among caretakers, including doctors, nurses, and other segments of the healthcare workforce, but it is no secret that there is universal burnout among employees who pour themselves into taking care of others.

This dynamic leads to decreased patient satisfaction, which can lower the outcomes for their patients, and it potentially increases costs due to inadvertently making mistakes. Expanding from a Triple Aim to a Quadruple Aim would improve the mental and physical wellness of clinicians and support staff.

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Virtual Reality: The Future of Healthcare

Virtual Reality

The dictionary defines Virtual Reality (VR) as a “computer-generated simulation of a three-dimensional image or environment that can be interacted with in a seemingly real or physical way by a person using special electronic equipment, such as a helmet with a screen inside or gloves fitted with sensors.”

As you can imagine, this advanced technology is a force to be reckoned with inside the healthcare space based on the possibilities to advance both patient healing and medical expertise.

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