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

 
The Centers for Medicare & Medicaid Services recent 10-year projection of national health expenditures includes retail spending on prescription drugs, but a more complete picture of pharma spending would include the nonretail segment.
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Post date: October 15, 2014
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Are hospitals exploiting the 340B drug discount program? Critics of the federal government's program have some new evidence in the debate over healthcare subsidies.
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Post date: October 6, 2014
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Hospitals and health systems try their best to anticipate and meet the demand for specific drugs. But drug shortages - whether due to outbreaks of specific illnesses or unanticipated supply bottlenecks - are a fact of life in the medical world.
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Post date: September 30, 2014
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The U.S. Department of Health and Human Services will sponsor the advanced development of a next-generation portable ventilator to help fill the need for portable, low-cost, user-friendly and flexible ventilators in a pandemic or other public health emergency.
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Post date: September 19, 2014
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New research by the Centers for Disease Control and Prevention and Premier, Inc., concludes that the inappropriate use of antibiotics in U.S. hospitals could result in an estimated $163 million in excessive costs.
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Post date: September 18, 2014
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The 340B program is critical for hospitals and other providers that serve some of our country's poorest and most vulnerable patients. When providers monitor compliance and track 340B drugs properly, the program can fulfill its intended purpose.
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Post date: September 2, 2014
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The drought in California has everyone concerned that food prices will skyrocket, but so far, the impact of the severe weather has been low for most hospitals, and where felt, strategies have been implemented to minimize the damage.
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Post date: August 26, 2014
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Software is making supply chain automation a long hoped for reality and the biggest reason your hospital is likely to get on board is money.
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Post date: August 12, 2014
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Healthcare systems have used value analysis since the 1990s, but the process is gaining more prominence amid the uncertainty created by healthcare reform and other changes in the way hospitals are reimbursed.
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Post date: August 11, 2014
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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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The most successful hospital supply chain leaders are changing the usual conversations with clinical and administrative leaders into more meaningful collaboration by offering new, actionable insights through the use of business analytics.
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Post date: October 16, 2014
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In its semiannual Economic Outlook survey, Premier, Inc., asked hospital supply chain, materials management and C-suite executives to reveal the trends impacting their supply chains over the next year. Here are the top five issues.
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Post date: October 9, 2014
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Every interventional cardiac cath procedure requires the use of an associated monitoring system. Negotiation of this technology requires a deep understanding of how these systems can be highly configurable, how components can be priced and discounted differently.
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Post date: October 9, 2014
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Savvy healthcare supply chain leaders must go beyond medical product pricing to achieve the next level of savings for their organizations. Here are 3 areas to consider if you are searching for additional savings.
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Post date: October 6, 2014
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The incidence for abdominal aortic aneurysms (AAA), a bulging, weakened area of the aorta, has led the U.S. market for AAA repair to increase rapidly. It is currently valued at $600 million annually and is forecasted to grow to $1.6 billion worldwide by 2015.
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Post date: September 9, 2014
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One of the most daunting challenges any newly appointed healthcare supply chain leader will face is establishing direction. The best practices listed below, gathered from my 16 years of experience in supply chain, will get you moving in the right direction.
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Post date: August 21, 2014
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A primary key to survival for providers will be their ability to increase efficiency and reduce costs in the supply chain, but participating in a GPO is not enough.
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Post date: August 20, 2014
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Radiology reimbursement continues to drop, but healthcare providers often can achieve significant savings off the quoted vendor price for CT systems. Keys to finding savings include creating a strong, united team approach and determining what service coverage is best for a particular CT scanner.
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Post date: August 13, 2014
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Business intelligence is a popular buzzword in the healthcare industry, tapped as a cure-all for almost every faulty business or clinical process. But while BI is not a panacea, done properly it can translate raw data into actionable knowledge and help cut hospital costs.
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Post date: August 4, 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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