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Related Experiment Videos

Practical budgeting for the operating room administrator

M T Moss, S Shelver

    Nursing Economic$
    |January 1, 1993
    PubMed
    Summary
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    An operating room administration implemented a revenue enhancement project by reviewing expenditures and planning new services. This initiative successfully maintained market share and increased revenue.

    Area of Science:

    • Healthcare Administration
    • Health Economics

    Background:

    • Healthcare institutions face budget challenges due to revenue fluctuations and cost-containment pressures.
    • Effective financial management is crucial for maintaining operational capacity and market position.

    Purpose of the Study:

    • To describe a revenue enhancement project implemented in an operating room (OR) setting.
    • To assess the project's impact on institutional market share and revenue.

    Main Methods:

    • Comprehensive review of all OR expenditures.
    • Strategic planning of new operational initiatives.
    • Evaluation of potential service expansions.
    • Fostering an environment conducive to new product and service development while upholding quality standards.

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    Main Results:

    • The implemented revenue enhancement project successfully maintained the institution's market share.
    • A notable increase in institutional revenue was achieved post-implementation.

    Conclusions:

    • Strategic financial review and proactive service development can effectively address budget challenges in healthcare settings.
    • The OR administration's approach demonstrated a successful model for revenue growth and market share preservation.