If you’re a hospital administrator looking for cost savings, just follow your nose to the cafeteria. Among those cheeseburgers and tossed salads, your hospital cafeteria probably offers more savings opportunities than you imagined: Consider that the cost of food and food-related services in a hospital or health care system can represent between 8 and 12 percent of your annual purchased services spend.
If you’re a fan of industry trivia, you’ll want to remember this tidbit: Outpatient pharmacies can be found in approximately 35 percent of U.S. hospitals, according to a 2016 survey from the American Society of Health-System Pharmacists.
Hospitals and health systems of all sizes, take note: Specialty medications – those high-cost drugs used to treat complex or chronic diagnoses – are expected to represent more than 50 percent of the overall drug market within five years.
Ah, 2018. Everyone is back to work, and many have committed to a New Year’s resolution or two. On the job, talk may have turned to professional performance goals or new exercise regimens, and Vizient has a suggestion that can contribute to your organization’s “fiscal fitness”: aggregation groups.
In addition to caring for critically ill patients, caregivers and support staff are battling changes to workload, shortages in necessary PPE and concern for the safety of their own families; all leaving them vulnerable to extreme stress.
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