Supply Chain
Since joining the Premier healthcare alliance last year, Edward Hospital & Health Services has saved $3.5 million while improving clinical quality and patient safety.
Healthcare provider systems are enduring more financial challenges than ever with lower Medicare reimbursement on the horizon, accountable care organization and pay-for-performance initiatives. In essence, provider revenues are shrinking while costs are growing, so it makes sense that they are relying on group purchasing organizations more than ever.
What exactly does it cost to do business? The question dogs healthcare finance professionals. The answer – or at least the medical device supply-chain piece of it – is within reach, according to a new case study on the use of the Perfect Order metric and GS1 bar code standards.
Medical device manufacturers are feeling the effects of a sluggish economy and a revamped reimbursement model, which are leading to slow growth and record levels of mergers and acquisitions activity.
ECRI Institute, an independent nonprofit that researches the best approaches to improving patient care, announced the winners of its first-annual Healthcare Supply Chain Achievement Award.
The Federal Trade Commission has dismissed its lawsuit against Omnicare after the long-term care pharmacy provider dropped its hostile bid to take over rival PharMerica.
The Food and Drug Administration today announced the steps it is taking to end the shortage of two important cancer drugs.
As the FDA issued draft guidance on biosimilar product development, a new report finds the global market for biosimilars is forecast to reach $4.8 billion by the year 2015.
Steven Chyung, vice president of supply chain management for Sisters of Charity of Leavenworth Health System, spoke recently with Healthcare Finance News Contributing Writer Betsy Caron about what he expects to be the major supply chain management trends in 2012.
When it comes to supply chain management, it isn’t just about moving boxes anymore, said Ed Raeke, director of materials management at Massachusetts General Hospital. Spending trends in 2012 will move toward reducing operating expenses for hospitals by effectively using the analytics and tools offered by GPOs.