5 Proven Strategies to Economize on Medical Waste Disposal
Cutting down the financial burden to economize on medical waste disposal is crucial for healthcare providers, big and small. Considering that the average cost of medical waste disposal in the United States is $2.36 per kilogram, according to the IBISWorld report “Medical Waste Disposal Services in the US,” strategizing to bring down these expenditures becomes an imperative business practice. Here, we delve into five tried-and-tested mechanisms to save money on medical waste disposal without compromising safety or compliance with relevant regulations.
Minimize Medical Waste Generation
The first and most effective strategy starts at the source. By reducing medical waste generation, you directly reduce and economize on the associated disposal costs. We recommend implementing waste minimization strategies, such as:
- Recycling: Whenever possible, recycle disposable medical supplies. Numerous medical supplies, including surgical instruments, trays, gloves, masks, and bed linens, can be recycled after suitable treatment, reducing the volume of waste for disposal.
- Reusing Medical Supplies: Reusing medical supplies might seem counterintuitive considering sterile requirements, but sterilizing and reusing medical supplies wherever appropriate can considerably reduce waste generation.
Choose Competitive Pricing
All medical waste disposal companies do not charge equal pricing. Gain a competitive edge by researching and comparing prices offered by various service providers. Be diligent in comparing the service standards and compliance alongside the cost-effectiveness to ensure you get the best deal.
One often overlooked tactic to score savings on medical waste disposal is contract negotiation. You can negotiate lower rates to economize with your medical waste disposal service provider, leading to significant long-term savings. Regular contract reviewal can also be beneficial in accommodating changes in waste generation trends at your healthcare facility.
Exploit Volume Discounts
Larger healthcare institutions generating voluminous medical waste can tap into volume discounts. Many waste disposal companies offer discounts, which can considerably reduce costs, mainly if your facility generates significant medical waste.
Consider a Mobile Medical Waste Disposal Service
Small healthcare providers generating less waste might find mobile medical disposal services more cost-effective. Furthermore, these services offer doorstep pickup and disposal, thereby eliminating the need for in-house waste storage and treatment facilities, leading to significant cost savings.
Juggling financial prudence with safety and environmental responsibility is the key to economize and optimize healthcare waste management. So, the strategies mentioned above can provide significant savings in managing medical waste disposal. However, do remember cost savings should never come at the expense of safety, compliance, and environmental responsibility.
Learn more about how to economize on medical waste disposal.