The OR is the financial engine of the hospital accounting for up to 70 percent of its revenue1, between 55 and 65 percent of its margin2, and 50 percent of a hospital’s costs3. The current climate of the healthcare landscape is currently threatening hospitals financially, clinically, and from a regulatory perspective.
SIS perioperative solutions are Proven, helping hospitals combat these challenges. Hobson & Company has identified and quantified the value and ROI benefits hospitals are realizing from use of specialized perioperative information systems:
- More than $2.6 million in measurable benefits from operational efficiency gains, optimized financial performance and improved clinical care – in the first year of implementation4
- Positive return in 4.2 months4
- 640% Return on Investment (ROI) within three years4
The value of a surgical information system is immediate and demonstrable.
We have an additional 7 cases per week as a result of SIS Analytics to shorten time between cases.
1 “Driving Value in Anesthesia Services.” HFMA Educational Report, Healthcare Financial Management Association, June 2010.
2 Report by Towers Perrin (now Towers Watson), 2004
3 “Why Total Perioperative Automation is Essential for 21st Century Healthcare Systems.” Christopher Grover, Grover Group, 2006.
4 “Driving Value in Anesthesia Services.” HFMA Educational Report, Healthcare Financial Management Association, June, 2010.
5 Return from Your Perioperative Solution,” December 2011
On-Demand Webinar: Regional Medical Center at Memphis
Regional Medical Center at Memphis increased on-time starts by 41% after implementing the SIS Solution in 22 weeks. Watch this Webinar from the AHA Solutions Group to learn how.
What is HFMA’s Peer Review Program?
The Peer Review Program is a way for HFMA members to identify what products/services their peers are using to deliver organizational savings and performance improvements.
*HFMA staff and volunteers determined that SIS Analytics and SIS Rules-Based Charging have met specific criteria developed under the HFMA Peer Review Process. HFMA does not endorse or guaranty the use of this product.