Most recent posts

  • 10/24/18
    Like any business that relies on manufacturers across the globe for supplies, the health care industry sees its share of random product back orders, allocation situations and outright supply shortages. The causes for these disruptions can vary but the effect is always the same: supply chain personnel scrambling to figure out ways to manage until supply availability is restored.more...
  • 10/22/18
    In December 1913 Henry Ford introduced the assembly line, revolutionizing the production of automobiles. For the first time, cars moved while the workers and their tools did not. Productivity increased dramatically, as the time required to produce an automobile dropped from 12 hours to two hours. Manufacturing would never be the same. A few weeks later, in February 1914, the Detroit Symphony Orchestra reemerged, having ceased operations in 1910. It’s a good bet that Mr. Ford was...more...
  • 10/17/18
    It seems just like yesterday when then-presidential candidate George H.W. Bush uttered the infamous words, “Read my lips: no new taxes.” What followed was President Bush doing something we rarely see these days – compromising with Congress and the other political party – to negotiate a budget that did, among other things, increase some taxes. Some analysts believe that his seeming failure to keep his word was partly to blame for losing his reelection bid.more...
  • 10/15/18
    Two deaths, 24 serious injuries and 32 device malfunctions. Those are the number of reports received by the U.S. Food and Drug Administration (FDA) since 2011 related to enteral device misconnections. And despite the educational and awareness efforts of many organizations, misconnections continue to occur.more...
  • 10/11/18
    I live in a growing and desirable part of southeastern United States. To get just about anywhere by car however I have to drive through rural America. Recently, I stopped at a small, independently owned gas station and noticed something strange behind the counter. There was only one choice of cigarettes. In my experience, tobacco sales were a big business in this part of the country and gas stations made a pretty good margin on every pack sold. I asked the attendant if those were the only...more...
  • 10/09/18
    In July, several major pharmaceutical companies responded to President Trump’s call to action to lower drug prices by announcing they would freeze price increases through the end of 2018. While much was made in the media about the effectiveness of the president’s request and the public announcements by some pharmaceutical companies at the time, no one really knew what the real impact would be on the actual cost of medications.more...
  • 10/02/18
    The health care landscape has been changing over the last 20 years to meet the increased pressure of providing high quality care while controlling costs. While hospital administrators have focused on pressing department leaders to lower supply costs and streamline operations to gain efficiencies, the physician shortage has continued to grow, creating more challenges.more...
  • 10/01/18
    Just before the financial meltdown of 2008, a neurologist named Michael Burry – who managed an investment hedge fund – foresaw the implosion of the mortgage-backed securities market and began investing heavily in what are known as credit default swaps. For years, banks had been making mortgage loans to people who were borrowing far beyond their means. Lenders were then bundling risky loans into mortgage-backed securities and selling those securities to investors ranging from large...more...
  • 09/28/18
    Approximately one in five adults in the U.S.—43.8 million or 18.5 percent—experiences mental illness in a given year. When I was almost 40 years old, I discovered that I was one of those five individuals. The problems began when I was only five years old and continued through my 30s, which is when I “bottomed out.” I finally reached out for help and began treatment with medication. After three years of finding the right medication and adjusting to the right dosage, I...more...
  • Guest blog
    09/19/18
    Walk through any clinical (or even non-clinical) unit in a hospital and you’ll likely see a visual example of how that department highlights and tracks its progress. A popular continuous improvement tool, huddle boards help teams collaborate on the most important tasks and actions in order to provide the highest level of patient care. New Hanover Regional Medical Center is no different.more...