Supply Chain
As hospitals and health systems face constant revenue stream pressures, financial managers are leveraging cost containment strategies that lean on population health, supply chain management and salary adjustments as a way trim costs.
Olympus has issued updated manual reprocessing instructions for duodenoscopes that were linked to a rash of superbug infections, prompting a recall of the medical devices, earlier this year.
Not only does a hospital collect more revenue from patients by allowing them to fill their prescriptions on-site, but evidence suggests that this approach cuts down on readmissions, further helping health systems save money.
Trinity Health and XPO Logistics have announced plans to build the first of four supply distribution centers in Fort Wayne, Indiana. Expected to create 75 new jobs in the state, the 21-state hospital system hopes the new centers will transform its operation and lowering costs for the community.
Olympus Corp. of America, the largest distributor of endoscopes and related equipment has agreed to pay $623.2 million to resolve criminal charges and civil claims stemming from a kickback scheme involving doctors and hospitals. Their Latin America subsidiary, Olympus Latin America, will pay $22.8 million to settle related charges, the U.S. Attorney's Office announced earlier this month.
McKesson, a healthcare services and information technology company, has released an online tool that provides information needed to identify purchase trends and evaluate the impact of price fluctuations.
Cincinnati, Ohio-based Mercy Health has saved more than $42 million on drugs since 2010 by building a formulary within its electronic health record platform.
The Healthcare Supply Chain Association has appointed veteran supply chain exec Curt Miller executive director of its Committee for Healthcare eStandards, the association announced Thursday.
As hospitals continue to look for ways to cut costs, a team at Stanford Medicine is looking at how facilities can shave dollars off medical device purchases.
The growth of specialty drugs, and the pressures pharma mergers place on supply chain operations are just a few trends experts at McKesson Pharmacy Optimization expect to shape hospital pharmacy operations in 2016, according to a new report.