Supply Chain
Although summer movies highlight the deeds of solo superheroes, attacking hospital supply costs is strictly a team effort. At the Premier Breakthroughs conference in Nashville on June 6, representatives from Methodist Health System in Dallas, Texas, chronicled their 18-month collaboration with Premier Consulting Solutions -- a partnership that helped significantly reduce supply costs and keep them there.
By 2020, sales of new vaccines that do not currently exist on the market may hit $24.8 billion, predicted market research firm Kalorama Information in a recent report.
ProdigoXchange aims to drive efficiency for healthcare purchasers by providing automated email reminders that help track supplier acknowledgments of dispatched purchase orders.
The U.S. House of Representatives approved a bill Wednesday to increase user fees paid by pharmaceutical and medical device manufacturers looking to bring new products to the market. The bill passed easily by a vote of 387-5.
According to a study released Tuesday by the Health Industry Distributors Association (HIDA), hospitals see substantial cost savings and greater employee and time efficiencies by maximizing their spend through a distributor, particularly in the areas of product ordering and receiving.
Driven by an increased incidence of respiratory disease and an aging population, the respiratory device market reached $44.2 billion in 2011, according to a new report from healthcare market research firm Kalorama Information.
First announced May 2, the $156 million acquisition is aimed toward emerging accountable care organizations (ACOs) and will see Omnicell and MTS working to integrate medication management across the broader spectrum of care.
Opposition to the legalization of medicinal marijuana in the absence of scientific studies that demonstrate its safety and efficacy led the list of resolutions adopted by physicians of the Massachusetts Medical Society (MMS) at the organization's annual meeting of its House of Delegates on May 19 in Boston.
As economic pressures continue to increase and the ability to efficiently manage costs is emphasized, organizations are looking wherever they can for financial relief. That's why it's no surprise many are turning to group purchasing organizations for smaller administrative fees, more transparent transactions and a general partner in healthcare reform.
The Healthcare Supply Chain Association (HSCA) launched a new web portal last week aimed at helping small medical device suppliers gain information about the healthcare group purchasing organization (GPO) contract process and aiding them with bringing their products to the marketplace.