Surgical safety, reimagined
Hospitals' worlds have changed inhospitably
increase in total hospital expenses, 2021 to 2023
decrease in operational efficiencies, 2021 to 2023
in additional expenditures in 2022 and 2023 alone
increase in overall contract labor, 2023 vs 2021
“We're hurting. In fact, we are bleeding in the red. The numbers are all going in the wrong direction, and I'm concerned we're going to see more healthcare providers close as a result of the current financial reality. We must drastically cut operating expenses, do it with fewer resources, and do it in a way that is safer for patients & staff.”
The state of the operating room
01/052022 was the worst financial year for US health systems in over three decades. Rising expenses, staffing shortages and intensifying payor demands mean many hospitals must transform with technology, or flatline.
02/05Over half of US hospitals operate at negative margins. They are cutting capital budgets, disposables and overtime to keep operating room doors open, while procedure-based reimbursement demands greater surgical performance.
03/05Hospitals are no longer reimbursed for repeat surgeries, extended stays, or worker downtime caused by surgical mistakes. Surgical errors cost the US healthcare system an estimated $69B a year, and payors are saying "not any more".
04/05Hospitals can no longer throw people at their problems. Analysts agree leaders must go beyond policy and incentives and fully embrace technology change in operating room safety.
05/05Hospitals need to automate error-prone manual processes and minimize system complexity, for safer operating rooms with greater efficiency & efficacy.
Whether you're a surgeon, nurse, or scrub tech with passion & insight, a hospital administrator with purpose & vision, a potential partner with IP & know-how, an investor with wisdom & capital, or even someone looking for a career & calling — we want to hear from you.
