Channel Sponsor - Coding/Billing/Collections

Sponsored by National Medical Billing Services | info@nationalASCbilling.com | (636) 273-6711

Cutting costs — New platform allows surgery centers to buy, sell surgical supplies from each other

Surgical Exchange Network launched a web platform dedicated to helping surgery centers and hospitals buy and sell surgical supplies from one another.

Here's what you should know:

1. Surgical Exchange Network created the platform to mitigate the high expense rate associated with expiring or overstocked supplies.

2. The platform connects facilities with other facilities that have short dated or overstocked sterile supplies. The supplies will be discounted, and the center selling the supplies will be able to recoup some of the costs associated with the supplies before they "become worthless."

3. Company Co-founder Charles Cohen said, "We are excited that we have been able to create this platform to address the high cost of expiring and overstocked supplies. I have been in the ASC industry for a very long time and have seen 100s of thousands of dollars’ worth of supplies just thrown away because they had expired. Somewhere there was a facility that was using those supplies day in and day out and who would have been thrilled to purchase them at a discount before they had a chance to expire."

To sign up or for more information, click here.

More articles on coding, billing and collections:
Motley Fool: These 3 insurance stocks are sizzling
Creating a competitive edge at your facility: The patient experience
New Mexico bill to tackle surprise medical billing: 4 things to know

© Copyright ASC COMMUNICATIONS 2018. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months