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Hernia repair is a fairly common procedure, with over one million surgeries performed in the U.S. each year. Although surgical mesh, sutures, or staples can be used to repair damage, non-mesh repairs have decreased sharply over the last 30 years and currently account for less than 10 percent of all groin hernia repair technique.Illustrated below is the cost of the two most popular types of synthetic mesh, partially absorbable and nonabsorbable, used for inguinal hernia repairs. The large variance in the pricing of nonabsorbable surgical mesh is related to the type of material, size, shape, and layering used.
Currently, reimbursement for hernia repair surgeries is on the decline, which makes securing the best price for surgical mesh a must. Lower prices are usually achievable by introducing competitive bids but additional savings can require some creativity such as agreeing to market share commitments. These agreements tend to give providers a good amount of leverage to reduce the price of the mesh. The commitment level is negotiable and can be spread across multiple vendors. If you chose this route, it’s imperative to lock in pricing for the term of your agreement. Also, consider using a trusted source to review your contracts and pricing to make sure the pricing offered is in line with industry standards.
Source: MD Buyline
Publication Date: Friday, August 23, 2013
Brian Kueppers, founder and CEO, Apex, discusses the importance of a robust patient payment strategy in boosting organization revenue and enhancing patient satisfaction.
Brian Grazzini, CFO, HealthPort, describes the importance of efficient and compliant information exchange and audit management in helping HIM staff spend less time on paperwork and more on mission-critical projects.
Cindy Matthews, executive vice president, Community Hospital Corporation, discusses how rural and community hospitals can use collaborative partnering to position for success through tough market conditions.
Rick Heise, senior vice president, revenue cycle, at Cerner Corporation, discusses the importance of integrating clinical and financial data to excel in health care’s changing payment environment.
Dale Hockel, senior vice president of operations, and Jim Fanelli, CFO, TriMedx, share strategies for elevating clinical engineering through innovative management programs.
Russ Graney, founder and CEO for Aidin, and John Laursen, head of business development for Aidin, share insights on how to improve care transitions between acute and post-acute care settings and incentivize high-quality patient outcomes.
Scott Elston, strategic accounts manager, GE Healthcare Services, describes how substantial cost reduction in health care requires rethinking business strategy and asset use.
Robert Williams, MD, director, Deloitte Consulting LLP, and Arielle Freiberger, product strategist, ConvergeHEALTH by Deloitte, explain how sophisticated retrospective, real-time, and predictive data analytics can inform decision making to reduce costs and improve care.
Stuart Hanson, director of business development (healthcare solutions) at Citi Retail Services, discusses how improving the payment experience can benefit consumers and healthcare providers.
Scott Schmidt, vice president, Cerner RevWorks, LLC, shares insights on best practices for maximizing a revenue cycle management partnership.
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