The cost savings add up quickly. Hospitals can redirect these savings toward quality care initiatives, making it easier to balance those essential investments with the bottom line. And, while many cost cutting measures require significant change management in hospital workflow or upfront expense, reprocessing is easy to implement and does not require an investment to get started.
Reducing hospital waste
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The total value of third-party reprocessing extends beyond cost-savings. Reprocessing programs also divert waste and support sustainability initiatives within facilities. Let's use the operating room (OR) as an example. Practice Greenhealth estimates that the OR generates 20 to 30 percent of an average hospital's waste. Today, reprocessing is one of the most significant ways that ORs can reduce their environmental footprint. Stryker's customers divert more than 7 million pounds of medical waste from landfills each year.
Now, it's your turn to share. What cost containment strategies are you pursuing to help fund more quality care initiatives? Please share your ideas in the comments section below.
Brian White is President of Stryker Sustainability Solutions, an industry leader in third-party medical device reprocessing and remanufacturing. For more information, visit sustainability.stryker.com and protectoursavings.com.
*Results may vary depending on program compliance level, device usage and type, contract pricing and purchase volume
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