Financial Management

Having a platform that allows for accurate data capture and analytics enables savings opportunities for health systems. By Jack Simmons, NVP commercial services, Cardinal Health and Wavemark
Custom Procedure Trays (CPTs) create efficiencies in hospital work flow and inventory management. By Joseph A. Jackson, managing director, Strategic Healthcare Services LLC   
Smart KPIs are absolutely essential in the health care supply chain because they provide hospitals with the data visibility that is necessary for guiding and achieving inventory optimization and cost savings goals and controlling supply spend; they are, in fact, the cornerstone of a competitive…
Organizations rely on multiple strategies to reduce waste and control costs, while providing the best possible medical outcome for patients. Standardization, investment in new technologies and inventory management automation (Point-of-Use Systems) are a few strategies that organizations can use to…
Implementing a Low Unit of Measure (LUM) program at your organization has many benefits beyond reducing inventory.  LUM can act as a catalyst in implementing other associated LEAN principles such as streamlining staff, processes and technology. All of which will increase efficiencies and…
Blockchain technology provides a promising future for health care by improving the transparency in products and processes while providing advanced security measures to protect patients and confidential data. Download Article
In this short webcast, Tom Redding, managing director of healthcare services at St. Onge Company, describes a general approach to network supply chain assessment to identify areas for improvement. Project scope and data collection will be discussed, along with an example assessment of a health…
In this AHRMM webcast, Karen Morlan, administrative director of supply chain operations at Vanderbilt University Medical Center (VUMC), explains the process of PAR optimization to reduce supply chain and nursing staff time, how to maximize the value of a purchase order, and effective strategies to…