Weighted-Bin Technology: Accurate Inventory Without the Heavy Lifting

According to historians, evidence of scale use dates back about 4,500 years. The fulcrum scale, based on the ancient balance scale concept, is still used in advanced laboratory settings because of its simplicity and precision. More

Is Your Supply Chain Living Up to Its Potential? 10 Questions to Help You Find Out

No matter how seasoned a supply chain professional you may be, it’s important to periodically evaluate your department and how it compares to others across the country. To avoid becoming stagnant, you should never stop testing, evaluating or working to improve. By testing the health of your supply chain, you get an understanding of where you need to focus your efforts and align your supply chain activities with leading industry practices. Below are 10 questions that will help identify... More

Finding the Value in Supply Chain Contract Management

Ideally, 90% of transactions within the health care supply chain should be covered by a contract. Yet, with more than 100 different contract management software platforms available today, many organizations still use spreadsheets and filing cabinets to manage them. Is this truly maximizing a contract’s purpose and value? More

Where Does Contracting Begin and End? A Documented Process and Workflow Could Be the Answer

Does your hospital struggle with pricing issues? Does it seem to take forever to get contracts signed? Do you wonder why the savings you projected aren’t reflected in the monthly performance reports? One reason may be an undocumented contracting process and workflow. More

Considering a Consolidated Service Center Concept? Lessons Learned From a Large IDN

It may be summer, but that doesn’t mean we can’t cover a little schoolwork. Today’s lesson is on a concept that has been adopted by many large health care systems and integrated delivery networks (IDNs): the consolidated service center (CSC). A CSC is a centralized facility from which supply chain or other departments can provide services for all of the different care facilities within the system. More

Facing the Challenges of the Plasma Market

Plasma-derived therapeutics are part of a complex dynamic of global supply chain economics and clinical contributing factors, all of which can affect the ability to obtain the product needed for patient care. Immunoglobulin (Ig), the main driver in current plasma manufacturing, has experienced double-digit growth within North American markets, leading to an increased demand the manufacturing community has been challenged to meet.* More

Get Ready to Get the Most Out of Your Data

In order for health care organizations across the country to further drive at reductions in cost per case, they have to get the most out of their data. Data contained in electronic medical record systems take care of the clinical end of the equation, but what about the supply chain components? If data can be pulled out of your current system, will key stakeholders believe that data is reliable? More

A Bigger Bang for the Buck: Leverage Supply Chain and Sourcing Best Practices to Maximize Facilities and Construction Spend

The ever-advancing world of health care delivery is both amazing and costly. Every day new technology is introduced to the marketplace giving providers the ability to treat conditions that just 10 years ago would not have been possible. Investment in the latest medical capital equipment is required to provide optimal patient care, but it comes with a substantial price tag. More

How an Aging Population Affects Coronary and Vascular Technologies Markets

This just in: You aren’t getting any younger and neither is anyone else. What this means for the health care industry is, well, complicated. More

Use Lean to SPEED Up Your Value Analysis Processes

The use of a value analysis process in the health care setting isn’t new. In fact, it’s become a strategic imperative for health care organizations as they work to provide the highest-quality, most cost-effective care for their patients. However, in my experience the one complaint I hear most often is, “Why does it take so long to put through an initiative? Where is the speed to value?” More