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How to Reduce Annual Expenses by Optimizing Your SPD
Save Millions of Dollars Per Year By Improving Sterile Processing
Improving the sterile processing department (SPD) can not only foster better patient outcomes, but it can reduce costs to the tune of hundreds of thousands of dollars — even over $1.5 million per year, based on this 2021 hospital analysis conducted by the Wolverine Consulting Group.
Types of Financial Losses in the SPD Calculated by the Study.
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Hard Costs
Hard Costs
Hard costs are associated with time — due to fixing errors like missing instruments, incorrect instrument sets, sterilization failures, etc. These added up to $1.7M for the hospital in the study. -
Soft Costs
Soft Costs
Soft costs include legal costs (related to malpractice suits), customer satisfaction, and morale of hospital staff. The study calculated these costs to be over $500K per year. -
Instrument Costs
Instrument Costs
Instrument costs are the actual costs of replacing broken instruments. While these expenses may be the least of the three, instrument losses are largely underestimated, especially for complex device parts.
About SpecialtyCare
SpecialtyCare’s Surgical services offer an ecosystem of support for operating rooms. An OR is an incredibly complex and dynamic environment, with constantly shifting needs and challenges. These needs — from properly sterilized equipment to autotransfusion and beyond — can quickly become costly inefficiencies if unmet. We understand that efficiency is revenue. We meticulously discover and solve the root causes of issues that prevent operating rooms from operating at their peak, setting the industry standard for surgical excellence.