Supply Chain
Purchased services can drain a lot of money and time from an organization because it is so diverse, but a value analysis approach can clean up the disorder.
Medical device company Medtronic will catapult into the market’s stratosphere with its $42.9 billion bid to purchase rival Covidien.
The breakthrough hepatitits C drug Sovaldi has brought the high price of specialty pharma to recent public attention. But less examined are proactive approaches that could be used to curb the growth trend without depriving patients of needed therapies.
Back in January, U.S. hospitals began to experience a serious shortage of intravenous saline solutions, caused mainly by a spike in demand during the beginning of the 2013 flu season. Fast forward to May, and hospitals are still struggling with the shortage.
The healthcare industry recognizes the need to reduce its impact on the environment, yet sustainability isn't always a high priority among the decision makers at individual U.S. hospitals. Here are some ideas to help your facility get started.
When examining the cost of product procurement, delivery and distribution within a health network, executives may only be considering about half of their total supply chain spend.
Americans are paying higher prices for cancer drugs because more patients are being treated by oncologists whose practices have been bought by hospitals, which may charge double or more for the same treatments, according to a new report.
The opportunity for cost reduction through smart resource and waste management is high. To maximize this opportunity, hospitals and health systems should look for medical waste processing companies that emphasize green initiatives.
Most hospital administrators choose to implement vendor management systems to keep track of who is in the facility, what they are doing in the facility and to make sure the vendors have the training the organization wants them to have, but today's vendor management technologies allow for expanded uses.
Hospital pharmacies can be huge sources of spending and also good sources of meaningful data. Healthcare Finance News talked to a data-driving hospital pharmacy director to learn how evolving analytics tools can help reshape clinical and financial approaches for the better.