Healthcare supply chain management is complex due to the highly regulated nature of the industry and continuously evolving consumer expectations about cost-effective care. Supply chain is one of the major expenses in any health system’s financials, accounting for approximately 30% to 40% of the operating budget[1]. Due to the supply chain’s dynamic nature, hospital leaders […]
Tag: KPIs
Pulse Check: Become More Efficient and Effective by Developing Standard Operating Procedures
Date:
August 22, 2018
Category:
Custom Services
Every leader wants to be efficient and effective. After all, reducing costs and maximizing revenue are dependent on efficiencies and effectiveness. HBI’s Custom Service team spends a lot of time working on-site with our clients, understanding their intricate workflows to optimize the process, the people, and the technology. Our clients get a playbook of strategic […]
Measuring the Performance of Quality Auditors
This past year, when revenue leaders were asked to rate how much of a focus was applied to various initiatives for the year ahead (on a scale of one to 10, with 10 being the most important) staffing as well as productivity and compensation analyses received an average score of 7. And this is not […]
Supply Chain KPIs: What Should You Include in Your Dashboard?
Date:
December 13, 2016
Category:
Supply Chain
Filed under:
Contracting, Dashboard, Data Management, Key Performance Indicators, KPIs, Materials Management, Procurement, Supply chain
Data and analytics continue to be top of mind throughout the healthcare industry. Accurate data provides significant insight into an organization’s methods and processes, highlighting where some practices require attention and further development. Internally, organizations can use key performance indicators (KPIs) to manage workloads, identify trends, initiate change when shown necessary, and measure improvement efforts. […]