Supply Chain
The global market for clinical chemistry, valued at $11.1 billion in 2011, is forecast to grow at a compound annual growth rate (CAGR) of 6.5 percent, to reach $17.3 billion in 2018, said medical intelligence company GlobalData in a new report.
The outlook for the global pharmaceutical industry remains negative as any potential revenue over the next 12-18 months is likely to be offset by losses from the upcoming expirations of major patents -- known as the patent cliff -- according to a new industry report by Moody's Investors Service.
As the industry remains at a crossroads, many are looking to their supply chains to help drive change. And by turning their supply chains into a "strategic asset," organizations can have success controlling costs and increasing business efficiencies, according a recent whitepaper by healthcare management company GHX. Teran Andes breaks down six additional keys to seeing supply chain success.
Banner Health, one of the largest nonprofit hospital systems in the country, cut $41.5 million from its supply chain costs in 2011. Doug Bowen, Banner’s vice president of supply chain management, spoke recently with Healthcare Finance News Editor René Letourneau about how they achieved such big results in just one year.
The Healthier Hospitals Initiative (HHI) and its founding health systems announced a set of six challenges for hospitals nationwide aimed at improving the healthcare sector's environmental footprint during a media briefing Tuesday.
With patent expirations looming and already passing for some of the nation's bestselling name brand drugs, Big Pharma is facing major revenue challenges in 2012. Here are five blockbuster name brand drugs facing patent expiration.
Healthcare supply chain management firm GHX is honoring 50 healthcare provider organizations with its 2011 GHX Best 50 Customer awards in recognition of their work in improving operational performance and reducing costs through supply chain automation.
The current healthcare landscape is calling for more collaboration, and possibly the most important partnership is that of the CIO and CFO. With new IT becoming a pressing necessity, it's crucial both professionals understand the ins and outs of IT spending. Jeff Muscarella outlines five things CFOs need to communicate to CIOs to prevent overspending.
The trend of MRI and ultrasound being used together for more effective diagnosis is cited as a major reason for growth in sales of both modalities, according to a recent report from healthcare market research publisher Kalorama Information.
The search for the best cancer therapy for individual patients pushed the personalized medicine market above $28 billion last year.