Supply Chain
The era of value-based reimbursement is making patient satisfaction a costly thing to ignore, and that goes for the operating room right down to the hospital cafeteria.
When California's aid-in-dying law takes effect this June, terminally ill patients who decide to end their lives could be faced with a hefty bill for the lethal medication. It retails for more than $3,000.
The U.S Food and Drug Administration has proposed a ban on most of the powdered medical gloves in use throughout the country, claiming they pose a risk of illness or injury to healthcare providers, patients and others individuals who are exposed to them.
Healthcare Supply Chain Association President and CEO Todd Ebert has praised the U.S. Food and Drug Administration's decision to prioritize abbreviated new drug applications for generic drugs with only one manufacturer, sometimes known as "sole source" products.
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.