Category Archives: Hospital Margin Improvement

The Bright Spot in 2015 Hospital Profitability — The Healthcare Supply Chain

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The Bright Spot in 2015 Hospital Profitability — The Healthcare Supply Chain

The profitability picture for 2015 is pretty gloomy.  Yet there is one area where savings shine—the healthcare supply chain.  As the largest expense after labor, reducing medical-surgical supply and processing costs represents the single biggest opportunity for new savings and capital. Financial Pressures and Reform Uncertainties Dim Outlook Unfortunately, Moody’s predicts the outlook for the
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The Top 3 Rules to Improve Supply Chain Performance

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The Top 3 Rules to Improve Supply Chain Performance

We’ve discovered something elementary.  There are three critical building blocks of healthcare supply chain efficiencies and savings. Healthcare organizations need to make it easy to: Find the products users need Compare items for purchase or standardization Control the “best” product choice at the point of decision By automating and simplifying these three processes, you drive
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5 Top Roadblocks to Healthcare Supply Chain Savings

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Discover Roadblocks to Healthcare Supply Chain Savings

You’ve given it your best shot.  New IT systems, value analysis teams, stricter contracts, tighter controls.  Yet at the end of the day, you somehow still aren’t achieving your efficiency and savings goals. The reason?  Because you haven’t yet addressed the core business issues that cause the inefficiencies and disconnects. There are five (5) key
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Low Inventory Automation in High Cost Areas — It Can Cost You Big

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Healthcare Supply Chain Automation in High Cost Areas

It seems counter-intuitive.  Some of hospitals’ highest cost areas—like ORs, Cathlab or interventional radiology—lack accurate, automated hospital inventory management control and charge capture. These are the areas that house your most expensive supply items—like implantable medical devices (IMDs) used in orthopedic surgeries; and the catheters, stents and balloons used for angioplasty.  A single device can
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Get Your Head into the Cloud

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Head in the Clouds - Healthcase SaaS

The current healthcare climate is cloudy with a chance of Software-as-a-Service (SaaS). In growing numbers, providers are embracing Healthcare SaaS business solutions to improve efficiencies, increase data access, reduce costs and gain new tools. The healthcare cloud market is predicted to grow at a cumulative average rate of 20.5% from 2010-2017.[i]  Accenture believes that the
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Can the Right Procurement System Drive
Non-Labor Savings?

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Right Procurement Savings

Things are tight in healthcare. Declining reimbursement means health systems are considering all options for margin management – from testing new revenue streams to reducing non-labor expenses 20% to 30%.[i] Optimizing quality and improving financial performance are perpetual objectives for any health system, but at McKesson, it’s become a cornerstone of our Better Health 2020™
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