The Stead Health Group, Inc. - Ortho Implants Devour Profits

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The Stead Health Group has expertise in Health Care Communication Transformations, Operations Improvement, Strategic Planning and Positioning, Financial Analysis and Turnaround, Program and Service Line Development, Facility Planning and Development. We apply strategy, customized to each client, resulting in tangible, bottom-line financial improvements.

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In what could be a new trend across the country, 15 HCA hospitals in Florida are redirecting non-emergent patients to nearby, less-expensive clinics for care. Nurses in the hospital's waiting area identify potential non-emergent patients, who are subsequently screened by a physician to comply with EMTALA laws. Critical to this initiative is proper documentation.

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Ortho Implants Devour Profits

As the cost of orthopedic implants "devours an ever-higher share" of hospital reimbursement, growing awareness of the pricing disparities for orthopedic devices could pose "a major threat" to the device industry. Orthopedic device makers historically have had enough bargaining power to raise prices for their products by an average of 8% per year, with prices varying widely from one hospital to another. However, as more hospitals become aware of the pricing disparities, the increases are slowing, with one analyst predicting stagnant or even declining prices in the next several years.

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