How to Reduce Costs Throughout Your Medical Practice

Costs to operate a medical practice can be expensive. Traditional fixed expenses include employee payroll, office space, insurances, medical technology, and equipment. Variable expenses may include marketing, professional development, or industry memberships. When almost every aspect of your establishment seems like a necessary expense, how can you afford to cut costs without cutting the quality of your practice?

Reevaluate vendor relationships.

Using the same vendors over time can leave your inventory stale and budgets depleted. Researching alternative vendors that sell comparable products with competitive pricing can often work to a medical practice’s benefit. Start by asking questions that review your staff’s needs: Does this vendor offer up-to-date products and services that are relevant to today’s industry standards? Does this vendor offer troubleshooting or accessible customer service? Has this vendor altered pricing based on evolving technology? Take the time to analyze your practice’s vendors or suppliers in order to understand whether there is an opportunity to reduce operating costs and stay satisfied.

Take advantage of chemiluminescence.

Every office that provides women’s healthcare needs lighting during a vaginal examination. Most standard light sources rely on batteries that can be expensive to replace. Chemiluminescence introduces a lower cost-per-use compared to the rechargeable batteries or pull-tab batteries that are used with traditional medical devices. This modern lighting will last the entirety of a standard vaginal exam (up to 15 minutes). Additionally, practices must factor in sterilization costs. A practice using reusable lighting will need to purchase an autoclave, purchase disinfectants, pay to train staff members, pay to test equipment, pay for bookkeeping, and pay for miscellaneous inventory in order to manage the sterilization of rechargeable batteries. With chemiluminescent light inserts, clinicians will not need to worry about budgeting for excess sterilization practices.

Add single-use medical devices to your inventory.

For many years, reusable speculums have been popular medical tools among clinicians. The medical steel that makes up a reusable speculum can be sterilized between uses. Unfortunately for reusable devices, present day medicine calls for modern technology that can keep up with evolving needs and budgets. Committing to using a metal vaginal speculum throughout your practice means you will commit to a plethora of hidden operational and sterilization costs. All in all, the cost breakdown of using reusable speculums can run up to tens of thousands of dollars annually.

By combining the brilliance of chemiluminescent light with the functionality of a disposable speculum, Cyalume Medical’s SpecuLume EZ is capable of transforming the way physicians spend money on medical tools. This single-use, disposable speculum comes with a chemiluminescent light insert, providing optimal diffused light to the examination area without batteries, electricity, or external sources. It elevates the physician experience by supplying true intravaginal lighting, decreasing operating costs, and increasing patient satisfaction. The SpecuLume EZ can be safely disposed as clinical waste along with its corresponding chemiluminescent light insert. For more information about the benefits of SpecuLume EZ, contact Cyalume Medical.

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