Tag: Cost Containment

3 Steps to Better Supply Spend Management for Stroke Centers

By: Vakhulaa Parthasarathy
Date: September 18, 2019
Category: Supply Chain
Filed under: Benchmarking, Bundling, Cost Containment, Metrics, Spend Management, Stroke Centers, Supply chain, Vendor Management

Stroke centers incur significant supply spend due to expensive stroke device investments and by providing 24/7 neurosurgical coverage. Effective management of supply spend enables stroke centers to drive innovation, provide quality care, and increase profits. To achieve effective management, hospitals can facilitate collaboration between stroke leadership, supply chain teams, and physicians to choose the best […]

The Quest for Price Parity: How to Align Hospital and Non-Hospital Location’s Cost Containment Strategies

By: Vakhulaa Parthasarathy
Date: February 19, 2019
Category: Supply Chain
Filed under: Cost Containment, Mergers & Acquisitions, Non-Acutes, Price Parity, System Expansion

Alternate care sites—clinics, urgent care, physician practices, home health, and long-term care—increasingly represent key access points for patients. A recent survey, conducted by the Health Industry Distributors Association, found that 71% of health systems plan to increase their community footprint by acquiring non-hospital facilities. Despite the potential financial benefits of system expansion, providers continue to […]