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: Supply chain
Managing purchasing during and after COVID-19
Date:
August 18, 2020
Category:
Supply Chain
Filed under:
coronavirus, COVID-19, inventory management, purchasing, Supply chain, Vendor Management
The pandemic has had a widespread impact on supply chain operations throughout the healthcare industry. For example, in April 2020, the GPO Premier surveyed its members and reported “active cases of COVID-19 create surge demand of 17X the typical burn rate for N95 respirators, 8.6X for face shields, 6X for swabs, 5X for isolation gowns, […]
How the Healthcare Supply Chain Can Impact the Patient Experience
Date:
November 4, 2019
Category:
Supply Chain
At first glance, the impact supply chain has directly on the patient experience may seem more obscure than unequivocal. Certainly, the supply chain often plays an important role in ensuring positive clinical outcomes—through proper vetting of new devices and holistic value analysis efforts, for example—and containing care costs, but these factors are often not characterized […]
3 Steps to Better Supply Spend Management for Stroke Centers
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 […]
4 Tips For Creating Better Stakeholder Surveys
Date:
June 6, 2019
Category:
Supply Chain
Filed under:
Clinician Engagement, Collaboration, Interdepartmentalism, Performance Metrics, Supply chain, Surveys
As the oversight of supply chain expands, the department is increasingly tasked with developing innovative solutions for varying issues across an organization. Many times, these initiatives involve numerous departments, positions, and responsibilities. It is often difficult to gauge the pulse or opinions such a diverse group of stakeholders have regarding a specific topic, process, department, […]
Top Procurement Trends from 2018 For Supply Chain Leaders
Looking back at the Academy‘s strategies for contracting and vendor relationships this year. The resource crunch in other areas of healthcare operations has been felt in the supply chain as well, with organizations emphasizing consolidation and optimization in the procurement space. In 2018, the Supply Chain Academy covered strategies for standardizing contracting models, including centralization […]
Charting Value Analysis Expansion and Evolution
The Supply Chain Academy’s Best Practice Report Preview In the context of broader cost containment efforts, healthcare organizations are identifying the supply chain and product optimization as opportunities for improvement. Specifically, standardization and value analysis are demonstrating the potential to save money and resources without reducing care quality or patient satisfaction, which makes them ideal […]
Using Geothermal Energy to Lower Consumption and Costs
Use of renewable energy, produced from natural resources that are not finite like fossil fuels, is on the rise in the U.S. The federal government predicts that this trend will continue through 2040. For healthcare providers, which consume some of the highest levels of energy among buildings in the U.S., renewable energy presents an opportunity […]
The Importance of Visibility in Vendor Credentialing
Vendor credentialing, the certification process that vendors and sales representatives go through in order to gain access to healthcare provider facilities, is necessary to guarantee the safety of staff and patients, protect a provider’s business interests, and comply with legal rules. At many hospitals and health systems, vendor credentialing is the responsibility of the supply […]