Unleash Your Hospital’s Supply Chain Savings Potential
No matter the size of your healthcare organization or the extent of your supply chain staff you can rethink and refine what you have been doing to unleash your supply chain potential if and when you focus your supply chain efforts on minimizing waste, improving efficiency, and increasing your savings – beyond price. We […]
The Law Of Diminishing Returns in the Healthcare Supply Chain: What Does It Take To Move Beyond This Challenge?
A study published by the Healthcare Financial Management Magazine showed that while hospital FTEs are down nationally, hospital non-salary expenses have increased at a rate of 5.3% (expenses/discharges) over the last few years. What is the cause of the increase and what can we do about it? Over the last five years the savings from group purchasing, […]
Supply Utilization Dashboards: How to Educate, Motivate, and Drive Results
We are all looking for the best tools and latest techniques to help our supply chain team and our executive management focus on our common goals and objectives. In doing so, we would greatly strengthen our resolve, mission, and communications, and thus have ultimate success. One of the best ways we know to do so is with […]
Comparative Hospital Supply Chain Data Makes Change Happen
I can’t tell you how many times physicians and department heads have “pushed back” on the comparative data that we have presented them to improve their supply chain expense management performance. They will assert that their hospital is different, that our metrics must be wrong, or we have missed some nuance in their operations that is […]
Top 3 Ways to Reduce Waste and Cut Costs In Your Hospital’s Supply Chain
Although price tweaking is still a prime cost cutting tactic for most healthcare organizations, this is tantamount to just shaving the top of the iceberg which can actually limit your overall savings yield. When you consider that 79% of all new supply chain expense savings (i.e., waste and inefficiencies) are under the iceberg, isn’t it […]
3 Must Have Healthcare Supply Chain Survival Tools
Supply chain management is becoming an even more complex and ever-changing discipline, since it is at the forefront of cost management efforts in any and all healthcare organizations today. If hospitals, systems, and IDNs can’t hold the line on their supply expenses to below the annual inflation rate, for any given year, they won’t be […]
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