Avant-garde Health

Surgical supply costs account for up to 15% of a hospital's operating expenses—a significant portion of hospital budgets. At Avant-garde Health, we’ve worked with health systems to uncover actionable opportunities for savings without compromising care quality. Our latest blog post explores three critical areas for improvement, backed by real-world examples: - A specialty care hospital saved $4.9 million on implant costs through vendor negotiations, demonstrating the potential for substantial savings. - By identifying cost discrepancies and aligning usage with more cost-effective practices, a specialty care center achieved savings of $1.6 million on aortic valve supplies. - By optimizing lower-cost implant components, an academic medical center saved $798,000, demonstrating the value of reducing supply variation. These examples illustrate the transformative power of a data-driven approach to surgical supply management. Ready to explore these strategies further?   Read the full article here and discover how these solutions could work for your organization: https://lnkd.in/eTyPAKxK Have you tried similar strategies in your hospital or health system? Share your experiences in the comments—let’s learn from one another! #CostSavings #HealthcareLeadership #SurgicalSavings #HospitalOperations #ValueBasedCare #Innovation #Technology #Healthcare #HealthTech #DigitalHealth #MedTech #HealthcareInnovation #OperatingRoomEfficiency #CostOptimization #HealthcareAnalytics

Rotator cuff repair is among the most common outpatient orthopedic procedures, yet significant variability in costs and care pathways exists. Our recently published The Journal of Bone and Joint Surgery, Inc. study, "Defining the Cost of Arthroscopic Rotator Cuff Repair", sheds light on opportunities to improve efficiency and reduce costs across healthcare systems. 🔍 Key Findings: - Cost Variability: Across 921 cases, the cost ranged from $2,282 to $6,833, with a mean of $4,094 ± $1,850. The greatest variability in care time was observed in post-acute recovery. - Efficiency Gains: By addressing variability in episode duration, a single hospital could save up to 640 care-hours annually, paving the way for increased surgical capacity. - Standardization Impact: Aligning suture anchor costs across institutions could lead to savings of over $217,000. 🎯 Why This Matters: These findings highlight opportunities to optimize resource allocation and reduce inefficiencies, offering insights for healthcare systems to enhance both operational performance and patient outcomes. 👏 Acknowledgments: This study was a collaborative effort with contributions from the Avant-garde Health and Codman Shoulder Society Value-Based Care Group. Explore the full article to learn more: https://lnkd.in/eHi9jQXA #HealthcareInnovation #Orthopedics #CostOptimization #HealthcareEfficiency #ValueBasedCare #RotatorCuffRepair

We’re excited to launch the TEAM Collaborative to help healthcare organizations excel in CMS’s team bundled payment program. This initiative focuses on fostering collaboration, aligning incentives, and improving outcomes. In our latest article with Becker's Healthcare, we share strategies for success: ✅ Enhance care coordination. ✅ Align financial incentives with quality outcomes. ✅ Leverage data analytics to drive performance. We’re also hosting a webinar on January 8, 2025, at 2 PM EST to dive deeper into these strategies and share how the TEAM Collaborative can support your organization. I’ll share the registration link in the comments—don’t miss it! 📖 Read the article here: https://lnkd.in/eFu5P8Ay #ValueBasedCare #BundledPayments #CareCoordination #CMSPrograms #TeamCollaborative #AvantgardeHealth #HealthcareWebinar #HealthcareInnovation #HealthcareLeadership #DataDrivenCare #HealthTech #PatientOutcomes

💡 Aligning Physician Incentives to Control Costs 💡 Discover how innovative healthcare systems are aligning physician incentives with cost control strategies to reduce expenses while maintaining quality care. From team-based rewards to flexible compensation structures, there are many ways to motivate physicians to drive efficiency. What are your thoughts on physician-led cost management initiatives? How does your organization approach this? 🔗 Learn more in this detailed article: https://lnkd.in/g-g2a4cU Special thanks to the authors Derek Haas and Susanna Gallani #HealthcareInnovation #CostManagement #PhysicianLeadership #HealthcareEfficiency #Leadership #PhysicianIncentives #HealthcareLeadership

We were thrilled to be part of Ortho Summit 2024, an incredible event that continues to grow each year. A special thanks to Beth Best and Kevin Plancher, MD, MPH, FAOA, FAAOS for hosting such a dynamic and impactful meeting. Our very own Derek Haas shared insights alongside Hans Van Lancker. Their presentation centered on aligning healthcare system goals with those of orthopedic teams, highlighting strategies that enhance operational efficiency and drive profitability in the rapidly evolving field of orthopaedics.

New publication alert! https://lnkd.in/egXf-P3E A recent analysis of Medicare data (2016 to Q3 2022) revealed that Reverse Shoulder Arthroplasty (RSA) had a lower initial revision rate (1.9%) compared to Total Shoulder Arthroplasty (TSA) (3.5%), but higher rates for subsequent revisions. RSA also incurred greater Medicare costs for both the initial procedure and revisions. Avant-garde Health uses this data to improve surgical outcomes and financial performance, working with the Codman Shoulder Society to help healthcare systems optimize care quality and cost management through collaboration between surgeons, researchers, and healthcare leaders. Adam Khan, Harry Liu, MBBS, PhD, John Costouros, MD, FACS, FAAOS, Matthew Best, MD MBA, Catherine Fedorka, Brett Sanders, Joseph A. Abboud, MD FAAOS, Jon Warner, Mohamad Y Fares, Jacob Kirsch, MD, FAAOS, Jason Simon, Evan O'Donnell, Jarret Woodmass, April Armstrong, Xiaoran "Luka" Zhang, Ana Paula Beck da Silva Etges, Ph.D, Eng., Derek Haas, Gottschalk Michael #ShoulderSurgery #ValueBasedCare #DataDrivenInsights #AvantGardeHealth #CodmanShoulderSociety #HealthcareAnalytics

Take the time to check out this new publication that our team has worked on!

Take a look at this great new research article!

New Research Alert: Disparities in Outpatient Shoulder Arthroplasty - Our latest study, featured by Healio, uncovers significant racial and gender disparities in outpatient shoulder arthroplasty utilization. These findings emphasize the urgent need for equity in surgical care. At Avant-garde Health, our advanced analytics enable us to study and highlight these critical trends. By leveraging these tools, we bring essential issues to light, empowering healthcare providers to take informed actions towards equitable care. Read the full article here: https://lnkd.in/eQfsZe8Y #HealthcareEquity #ValueBasedHealthcare #TDABC #AvantgardeHealth #DataDrivenCare

We are proud to congratulate Jeff Stambough, the Research All-Star surgeon of the week. Dr. Stambough is an orthopedic surgeon at UAMS - University of Arkansas for Medical Sciences, specializing in hip and knee joint-related conditions and is in the Top 1% of surgeons conducting research in Hip & Knee orthopedic surgery. "Building a core team of like-minded individuals who share a passion for advancing medicine through research is pivotal. This foundation enables us to tackle larger questions, secure funding, and explore various avenues of investigation. By maintaining a focus on outcomes, we ensure that our work not only contributes to academic growth but also enhances patient care and hospital practices. The purity of research, as we understand it, is embodied in the meticulous tracking of patient outcomes with the goal of  continuous improvement." View the full lists of Research All-Star surgeons and hospitals at https://lnkd.in/e4p_9vJj. #HealthcareResearchAllStars #OrthopedicSurgery #OrthopedicSurgeon #Orthopedics  #KneeSurgery #HipSurgery