Supply Chain

The hospital supply chain is but one operational area where efficiency reigns supreme. Health organizations need to keep the processes of ordering and delivering supplies as lean and as visible as possible. Supply chain management can often consume up to 35 percent of a hospital's operating budget, said Vi Shaffer of Gartner. Many vendors offering supply chain management solutions for healthcare claim to integrate and streamline the process to increase efficiency.

RELATED STORIES:
Report: Healthcare supply prices rising
Inflationary prices challenge hospital supply chain

 
Although a May 2014 U.S. District Court ruling vacated HRSA's 340B orphan drug regulation, the agency has issued an interpretive rule affirming its policy on the orphan drug exemption. The pharma industry is up in arms, but what does it all mean?
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Post date: July 25, 2014
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For many larger healthcare organizations, group purchasing has yielded significant savings. Physician practices are also mulling whether or not they can achieve savings through aggregated procurement.
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Post date: July 15, 2014
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Purchased services can drain a lot of money and time from an organization because it is so diverse, but a value analysis approach can clean up the disorder.
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Post date: June 26, 2014
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Medical device company Medtronic will catapult into the market’s stratosphere with its $42.9 billion bid to purchase rival Covidien.
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Post date: June 17, 2014
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The breakthrough hepatitits C drug Sovaldi has brought the high price of specialty pharma to recent public attention. But less examined are proactive approaches that could be used to curb the growth trend without depriving patients of needed therapies.
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Post date: June 13, 2014
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Back in January, U.S. hospitals began to experience a serious shortage of intravenous saline solutions, caused mainly by a spike in demand during the beginning of the 2013 flu season. Fast forward to May, and hospitals are still struggling with the shortage.
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Post date: May 29, 2014
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The healthcare industry recognizes the need to reduce its impact on the environment, yet sustainability isn't always a high priority among the decision makers at individual U.S. hospitals. Here are some ideas to help your facility get started.
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Post date: May 22, 2014
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When examining the cost of product procurement, delivery and distribution within a health network, executives may only be considering about half of their total supply chain spend.
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Post date: May 9, 2014
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Americans are paying higher prices for cancer drugs because more patients are being treated by oncologists whose practices have been bought by hospitals, which may charge double or more for the same treatments, according to a new report.
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Post date: May 7, 2014
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The opportunity for cost reduction through smart resource and waste management is high. To maximize this opportunity, hospitals and health systems should look for medical waste processing companies that emphasize green initiatives.
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Post date: May 6, 2014
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Most hospital administrators choose to implement vendor management systems to keep track of who is in the facility, what they are doing in the facility and to make sure the vendors have the training the organization wants them to have, but today's vendor management technologies allow for expanded uses.
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Post date: April 4, 2014
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Hospital pharmacies can be huge sources of spending and also good sources of meaningful data. Healthcare Finance News talked to a data-driving hospital pharmacy director to learn how evolving analytics tools can help reshape clinical and financial approaches for the better.
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Post date: March 18, 2014
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Health systems are making strides to move care beyond the hospital walls and better connect patients with resources that can keep them healthy. It starts by identifying areas of risk and harm -- both inside and outside of care facilities.
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Post date: July 25, 2014
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CMS plans to recompete the supplier contracts awarded in Round 2 of the Medicare Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Competitive Bidding Program, with new contracts beginning July 2016.
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Post date: July 18, 2014
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Portable chest X-rays are the most common diagnostic exam in intensive care units. But pricing for portable X-ray systems varies, and can range from $40,000 to over $235,000, depending on a variety of factors.
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Post date: July 9, 2014
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Driven by an aging population and an expanding pool of younger patients, bone-graft substitutes are a $2.5 billion market, which should continue to rise as a result of minimally invasive procedures.
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Post date: June 18, 2014
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Bariatric surgery has experienced a 16-fold growth in the U.S. within the last 15 years. Reimbursement for gastric band placement and gastric band removal/replacement -- the main types of bariatric procedures -- will increase by 4.5 percent and 6.8 percent respectively in 2014.
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Post date: June 4, 2014
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How can healthcare supply chain leaders make sure supply chain rises to the top as one of the major priorities within a healthcare organization? Here are some tips to help place supply chain concerns in front of C-level decision-makers.
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Post date: May 30, 2014
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CMS has just released a proposed rule that would require Medicare prior authorization for certain Medicare Durable Medical Equipment items that the agency characterizes as "frequently subject to unnecessary utilization." The decisions would not be subject to appeal.
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Post date: May 23, 2014
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Knee replacements now account for over $6 billion in global sales annually, and this number is expected to grow as the population ages and improved accuracy makes younger patients candidates for therapies.
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Post date: May 20, 2014
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Late last week, the Health Resources and Services Administration released the results of its FY 2012 audits of covered entity compliance with 340B drug discount program rules. The agency discovered several "recurring critical areas of non-compliance" for healthcare facilities.
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Post date: May 14, 2014
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In 2011, total revenue from hip implants in the U.S. was approximately $2.8 billion, and it's projected to grow to $3.3 billion by 2016. The growing use of these implants makes the category an important focus for healthcare organizations that are trying to manage their costs.
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Post date: May 7, 2014
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Supply chain costs account for a surprisingly high percentage of the overall total operating budget at healthcare facilities, making clear insight into supply chain processes critical to ensuring maximum efficiency and long-term cost savings.
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Post date: April 21, 2014
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The sourcing process in healthcare is quite strategic; much more than just buying products. Success depends on the right type of clinician involvement and the right high-caliber talent within the sourcing group.
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Post date: April 17, 2014
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