Category: Financial

Financial

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All About the Benjamins

Budgeting is a big topic in the September issue of 24x7 Magazine, with two articles delving into the financial realm of HTM. Chief editor Keri Forsythe-Stephens discusses the rationale behind this and touches on why the financial health of a hospital is everyone's concern—particularly HTM professionals.

Financial

Latest

Measure Twice, Cut Never

In many cases, the relationship between a healthcare facility and equipment vendor has been mutually beneficial; in other cases, however, the relationship has led to prolonged difficulties for facilities since extraction is no longer a matter of simply switching to another product. Learn how to navigate this tricky relationship here.

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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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?

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Medical Mission Trips 101

As a biomed, bringing your talent to a developing world hospital that is struggling for sound medical equipment can be an intensely satisfying experience. For those who are thinking about making a medical mission trip to the developing world for the first time, partnering with an organization that can help prepare supplies and contacts is key to a successful experience.

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Taking a Stand Against Patient Falls

On September 28, 2015, The Joint Commission issued a Sentinel Event Alert focused on preventing patient falls. According to the organization, since 2009 it has received 465 reports of patient falls with injuries; about 63% of those events resulted in death.

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