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Speakers

Loretta Loncoske, BS, R.T. (R)
Senior Clinical Analyst
MD Buyline

Rachael Bennett, R.T. (R)(T)
Clinical Analyst
MD Buyline

Jon L. Brubaker, MBA, RCVT
Senior Clinical Analyst
MD Buyline

Summary

In 2010, The Centers for Medicare & Medicaid Services (CMS) began enforcing strict compliance for equipment manufacturers’ maintenance protocols and schedules. While this increases the need for hospital accountability and patient safety, it also mandates significant upfront costs. The Joint Commission estimates this change will cost $2-5 billion for health care. With hospital equipment maintenance increasing 2 to 3 percent each year and accounting for over $40 billion annually, this equates to between $4,000 and $7,000 per bed, or millions in general expenses for hospitals. In addition to CMS compliance, there is potential for lost revenues if equipment experiences downtime and liability consequences when equipment malfunctions due to improper preventive maintenance. This webinar identifies the type and amount of coverage needed and determines where costs can be reduced. The webinar also focuses on high-impact areas in imaging such as CV angiography, CT, MRI, ultrasound/echo, and mammography services and use break-even calculators to illustrate savings options.

After This Webinar You'll Be Able To:

  • Understand the financial impact of service contracts.
  • Determine where costs can be reduced. 
  • Understand how to utilize break-even calculators. 
  • Identify the type and amount  of coverage needed.
  • Understand CMS’s regulations regarding equipment service requirements.
  • Identify the major concerns for administrators and plant and clinical engineers.

Tools & Takeaways

  • Break-even calculator
  • Service contract FAQs
  • Excerpt from a real-world service contract review

Recommended for:

CFOs, COOs, VPs of finance, VPs of operations, VPs of supply chain

Field of Study:

Specialized Knowledge and Applications

Delivery Method:

Group Internet

Level: 

Intermediate

Prerequisites: 

Relative knowledge of general cost containment methodology and best practices

Pricing

HFMA members: Free
Non-members: $99

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Note: This on-demand webinar is available until Aug. 13, 2014.