The Operating room management is the discipline of healthcare IT which majorly focuses on maximizing operational efficiency within a surgical suite. The increase in operational efficiency in turn helps in maximizing the number of surgical cases that can be performed in a day while minimizing on the resources required and other related costs. Typically, operating room management varies on the basis of the region it is being employed in. For example, in profit-oriented healthcare systems, OR management is employed to emphasize on strategic thinking in order to increase revenue generation, while countries wherein citizens are covered with a publicly funded healthcare system, OR management is a key step employed to emphasize on operational decisions.

Operating Rooms Make up for Maximum Expenditure of Hospitals

Operating room expenses make up a significant fraction of the entire hospital expenditure. Beside significant revenue generation, the operations demand approximately $1000 per hour. Surgical operations and their associated hospitalizations generate about 70% of the hospital’s revenue. Hence, ensuring the patient safety a constant is of utmost importance. Also, healthcare stakeholders are consistently trying to modify the use of existing resources to increase financial gains.

Most of the hospitals across the world are trying to cut the costs while keeping up with the surge in the case volume. Owing to the increase in surgical case volume, hospitals understand the need for improving operating room efficiency in order to cut costs for the hospital as a whole.

The main goal of integrating an operating room with different software is its optimization and to increase the efficiency. Different software such as operating room scheduling software, inventory management software, medical device tracking software, and report and documentation software, are being put to use.

Market Influencing Factors

Multiple factors drive the highly potent and progressing market. These include a rising push toward streamlining of OR workflows and increasing operational efficiency in order to meet consistently increasing surgical volume. The contribution of chronic diseases and rapidly increasing geriatric population is also significantly facilitating the growth of the market. Moreover, the market is driven with the huge gap that lies between the demand and supply of surgical services.

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However, some of the major challenges that inhibit the growth of the market include high pricing of software solutions, and lack of IT proficiency amongst surgeons. The market presents the stakeholders with numerous opportunities related to product differentiation, market expansion, and collaboration strategies.