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

 
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.
Comment count:
Post date: September 30, 2014
News
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.
Comment count:
Post date: September 19, 2014
News
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.
Comment count:
Post date: September 18, 2014
News
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.
Comment count:
Post date: September 2, 2014
News
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.
Comment count:
Post date: August 26, 2014
News
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.
Comment count:
Post date: August 12, 2014
News
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.
Comment count:
Post date: August 11, 2014
News
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?
Comment count:
Post date: July 25, 2014
News
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.
Comment count:
Post date: July 15, 2014
News
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.
Comment count:
Post date: June 26, 2014
News
Medical device company Medtronic will catapult into the market’s stratosphere with its $42.9 billion bid to purchase rival Covidien.
Comment count:
Post date: June 17, 2014
News
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.
Comment count:
Post date: June 13, 2014
News
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.
Comment count:
Post date: September 9, 2014
Blog
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.
Comment count:
Post date: August 21, 2014
Blog
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.
Comment count:
Post date: August 20, 2014
Blog
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.
Comment count:
Post date: August 13, 2014
Blog
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.
Comment count:
Post date: August 4, 2014
Blog
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.
Comment count:
Post date: July 25, 2014
Blog
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.
Comment count:
Post date: July 18, 2014
Blog
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.
Comment count:
Post date: July 9, 2014
Blog
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.
Comment count:
Post date: June 18, 2014
Blog
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.
Comment count:
Post date: June 4, 2014
Blog
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.
Comment count:
Post date: May 30, 2014
Blog
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.
Comment count:
Post date: May 23, 2014
Blog