Healthcare Supply Chain Best Practices Podcast

With the new term “Clinical Integration in Supply Chain” that has been embraced by many health systems throughout the country, there seems to be a little confusion regarding the actionable steps with this next level modality. You could easily say that you need more physician involvement in value analysis teams or need to add more clinicians to the teams as well. Most value analysis teams are already made up of key clinicians, including some doctors. What exactly are you going to accomplish with just adding these titles to your teams?

We are all in a new world of mitigation, PPE, social distancing, etc., that has been a laser focus for over two years now. The goal was to stop the coronavirus pandemic from spreading and prevent the overwhelming of our healthcare systems. Now that we see a light at the end of the tunnel, we need to start thinking about refocusing our hospital supply chain efforts on cost optimization to ease the budget pressures of our healthcare organizations.

We are all in a new world of mitigation, PPE, social distancing, etc., that has been a laser focus for over two years now. The goal was to stop the coronavirus pandemic from spreading and prevent the overwhelming of our healthcare systems. Now that we see a light at the end of the tunnel, we need to start thinking about refocusing our hospital supply chain efforts on cost optimization to ease the budget pressures of our healthcare organizations.

The number one strategy for saving money in the healthcare supply chain is by saving on price. When you look at contracting and strategic sourcing, it’s all about price. Standardization is a function of consolidating volume towards a common vendor(s) to attain a better tier or negotiate a better price. When an organization changes their group purchasing organization to another or joins a regional cooperative, it is to get a better price. Let’s face it, the healthcare supply chain has always been heavily leveraged towards saving with price. Price is King, but is this the only savings opportunity we have?

The number one strategy for saving money in the healthcare supply chain is by saving on price. When you look at contracting and strategic sourcing, it’s all about price. Standardization is a function of consolidating volume towards a common vendor(s) to attain a better tier or negotiate a better price. When an organization changes their group purchasing organization to another or joins a regional cooperative, it is to get a better price. Let’s face it, the healthcare supply chain has always been heavily leveraged towards saving with price. Price is King, but is this the only savings opportunity we have?

As hospitals, systems, and IDNs see fewer savings results from their GPO/local new and renewal contracts, more and more healthcare organizations are preparing to launch their own Supply Utilization Management (SUM) Program to make up for these shortfalls. To this end, here are five tips on establishing your own Supply Utilization Management Program that might make this transition to new and better savings even easier:

As hospitals, systems, and IDNs see fewer savings results from their GPO/local new and renewal contracts, more and more healthcare organizations are preparing to launch their own Supply Utilization Management (SUM) Program to make up for these shortfalls. To this end, here are five tips on establishing your own Supply Utilization Management Program that might make this transition to new and better savings even easier:

Hospitals & health systems have achieved huge savings gains from group purchasing and internal supply chain contracting/sourcing over the past 10-15 years. There is no doubt that the healthcare supply chain contracting and strategic sourcing programs have reached a high level of maturity. A byproduct of this high level of maturity, unfortunately, is less price savings opportunities on the table than there used to be in all the major and minor supply categories. Add to this fact that we now have the fallout of 2020 with all the revenue, PPE, and other product sourcing challenges that are still ongoing today.
Though this news may sound bleak, it only means that supply chain needs to add new avenues of savings that have not been tapped into in the past. This podcast is going to take you down this path to Savings Beyond Price and give you a vision, strategy, and tools to find as much as 7% to 15% in additional savings from your supply budget.
>>>Gain A New Perspective of Why “Savings Beyond Price” is the Future of Supply Chain Expense Savings
>>>Set a Path for Finding and Driving Out All Hidden Costs That Are Ready for You to Act On
>>>Find Out How You Can Enhance Your Value Analysis, Standardization, and Strategic Sourcing with New Savings Beyond Price Strategies, Tools, and Techniques

Hospitals & health systems have achieved huge savings gains from group purchasing and internal supply chain contracting/sourcing over the past 10-15 years. There is no doubt that the healthcare supply chain contracting and strategic sourcing programs have reached a high level of maturity. A byproduct of this high level of maturity, unfortunately, is less price savings opportunities on the table than there used to be in all the major and minor supply categories. Add to this fact that we now have the fallout of 2020 with all the revenue, PPE, and other product sourcing challenges that are still ongoing today.
Though this news may sound bleak, it only means that supply chain needs to add new avenues of savings that have not been tapped into in the past. This podcast is going to take you down this path to Savings Beyond Price and give you a vision, strategy, and tools to find as much as 7% to 15% in additional savings from your supply budget.
>>>Gain A New Perspective of Why “Savings Beyond Price” is the Future of Supply Chain Expense Savings
>>>Set a Path for Finding and Driving Out All Hidden Costs That Are Ready for You to Act On
>>>Find Out How You Can Enhance Your Value Analysis, Standardization, and Strategic Sourcing with New Savings Beyond Price Strategies, Tools, and Techniques

Over the last few decades, GPOs have been the driving force on price and standardization savings for healthcare organizations. However, as Isaac Newton’s third law states, “With every action there is a reaction.” The reaction or result of taking your GPO’s price and standardization at face value is that you are missing three things you must know about savings to make them stick