Category: Financial

Financial

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HTM’s Return on Investment

HTM teams struggle to justify their budgets as C-suite leaders focus on cutting costs, but a new analysis shows their work could save hospitals millions in capital expenditures by extending equipment lifespans, offering a potential 24% ROI.

Financial

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A Call to Action for the HTM Community

The HTM profession is at a sensitive place, according to biomedical expert Patrick Lynch: "Its future existence is being threatened," he says. Below, Lynch shares his call to action for the HTM community and explains why the time to act is now.

Financial

Latest

HTM’s Return on Investment

HTM teams struggle to justify their budgets as C-suite leaders focus on cutting costs, but a new analysis shows their work could save hospitals millions in capital expenditures by extending equipment lifespans, offering a potential 24% ROI.

How the Internet Is Changing Diagnosis

Diagnosis is the primary and most critical step toward a successful treatment—however, diagnostic errors can take a huge toll at both an individual and system level. In this article, HealthClues founder Sandeep Pandey shares what HTM professionals need to know about physician errors—and ways to combat them.

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Generally Accepted Accounting Practices

In the past two Prep Talk columns, we looked at key management issues you need to be aware of for the certified healthcare technology manager (CHTM) exam, such as how equipment purchasing fits into your organization’s strategic plan. This month’s installment looks at another area of the CHTM exam: accounting.

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It’s Back! Rust-Out

In April 1999, 24×7 published a Soapbox column titled “Rust-Out: The Silent Affliction,” describing how some biomeds stop progressing technology-wise and stay in their comfort zone, not looking to advance or take on new challenges. Dave Harrington thought that problem was in the past, but at a recent meeting of the New England Society of Clinical Engineers, the biomeds and clinical engineers in attendance were showing many of the signs that lead to this professional burnout.

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Olympus Agrees to Pay $646 Million Fine for Kickback Violations In US and Latin America

Endoscopes distributor Olympus Corp of the Americas has agreed to pay a $623.2 million fine to settle criminal charges and civil claims related to the company’s illegal payment of kickbacks to doctors and hospitals. The settlement is the largest amount in United States history involving violations of the Anti-Kickback Statute by a medical device company. The company’s Latin American division will also pay $22.8 million to resolve criminal charges in Latin America.

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Canon to Acquire Toshiba in $6.2 Billion Deal

Toshiba has granted Canon exclusive negotiating rights for Toshiba Medical Systems Corp, accepting Canon’s offer of $6.2 billion (700 billion yen). The second round of bidding, whose value exceeded expectations, also included Fujifilm and a coalition of Konica Minolta and European buyout firm Permira.

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Financial

Latest

End Times: Planning for Capital Equipment Purchases

Clinical engineering plays a central role in planning for the replacement and acquisition of new capital equipment. The data you provide will directly impact the day-to-day operations and financial well-being of your organization for years to come. So what information do you need to provide, where do you get it, and who needs to receive it?