Healthcare Revenue Cycle Management, ICD-10, Claims Reimbursement, Medicare, Medicaid

Supply Chain Management

Hospitals Seek Non-Acute, Supplier Partners for Value-Based Care

September 13, 2018 - Hospitals are looking to strategically expand their footprint in the non-acute care space to succeed in value-based care and alternative payment models, a new study of hospital decisionmakers found. L.E.K.’s ninth annual “Strategic Healthcare Landscape Review,” performed in conjunction with the American Hospital Association (AHA), showed that hospitals are looking to...


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Hospitals Create Drug Company to Combat Drug Shortages, Prices

by Jacqueline LaPointe

Seven health systems are stepping up to the plate to tackle two of the healthcare industry’s most pressing challenges: drug shortages and rising prescription drug rates. Catholic Health Initiatives, HCA Healthcare, Intermountain...

Group Purchasing Saves Hospitals Up to 18% of Supply Chain Costs

by Jacqueline LaPointe

Group purchasing organizations (GPOs) are saving hospitals and other healthcare facilities between 10 to 18 percent, a new report revealed. The Healthcare Supply Chain Association’s (HSCA) second annual report on GPO value found...

Hospital Mergers Produce Modest Healthcare Supply Chain Savings

by Jacqueline LaPointe

Hospitals only save approximately 1.5 percent annually on common expenses in the healthcare supply chain after a hospital merger, new research shows. The new working paper from the National Bureau of Economic Research found that actual...

How Hospitals Bring in Revenue Through the Healthcare Supply Chain

by Jacqueline LaPointe

The healthcare supply chain is a cost center for provider organizations of all sizes. Through the supply chain, healthcare organizations spend money on the items and supplies they need to deliver the services that bring in revenue. As a...

Target Prices to Control Prescription Drug Spending, AHA Advises

by Jacqueline LaPointe

With prices, not utilization, driving prescription drug spending at hospitals and health systems, the American Hospital Association (AHA) recently called on policymakers to focus on controlling costs via average sales price (ASP)...

Court Rejects AHA’s Attempt to Block 340B Hospital Payment Cuts

by Jacqueline LaPointe

A federal appellate court recently tossed the American Hospital Association’s (AHA) lawsuit against HHS, which attempted to block $1.6 billion in 340B hospital payment cuts. Three judges on the US Court of Appeals for the District...

Hospitals to See More 340B Drug Pricing Program Oversight, Azar Says

by Jacqueline LaPointe

According to HHS Secretary Alex Azar, hospitals should expect greater transparency and oversight of the 340B Drug Pricing Program to track how the program’s benefits are used to improve care for low-income and vulnerable...

Tariffs to Raise Healthcare Supply Chain Costs, Premier Says

by Jacqueline LaPointe

The Trump Administration’s recent move to impose tariffs on goods imported from China could have a serious impact on healthcare supply chains, healthcare improvement company Premier Inc. said in a statement. “Premier is...

Implants Driving Healthcare Cost Variation for Joint Replacements

by Jacqueline LaPointe

Hospitals have improved patient outcomes for total joint replacements, but the facilities still have a way to go with reducing healthcare cost variation for both hip and knee implants, a new Premier analysis revealed. The study of almost...

Ascension, Australian Co Form Global Healthcare Supply Chain Org

by Jacqueline LaPointe

Ascension, the largest non-profit health system in the US, recently announced the launch of a global healthcare supply chain joint venture with Sydney, Australia-based Ramsay Health Care Limited. The joint venture will add Ramsay Health...

RFID, Smart Cabinets Improve Hospital Supply Chain Management

by Jacqueline LaPointe

From EHR systems and revenue cycle management tools to data analytics and online patient payment options, hospitals and health systems are on the journey to automating all aspects of the healthcare experience. However, the hospital supply...

69% of Providers Delayed Care Over Hospital Supply Chain Shortages

by Jacqueline LaPointe

A new Cardinal Health survey revealed hospital supply chain shortages are impacting patient care, particularly in the operating room (OR). The survey of over 300 frontline clinicians, operating room supply chain decision-makers, and...

Data Analytics Top Healthcare Supply Chain Priority in 2018

by Jacqueline LaPointe

Harnessing the power of data analytics to inform decision-making continues to be the number one healthcare supply chain outcome provider organizations hope to achieve in 2018, a recent Global Healthcare Exchange (GHX) survey found. The...

Healthcare Supply Chain Management Market to Reach $2.3B by 2022

by Jacqueline LaPointe

Growing at a compound annual growth rate (CAGR) of 8.4 percent, researchers projected the global healthcare supply chain management market to reach $2.31 billion by 2022, a recent Markets and Markets report showed. The value of the...

Health Systems Form Drug Company to Combat Rising Costs, Shortages

by Jacqueline LaPointe

Intermountain Healthcare, Ascension, SSM Health, and Trinity Health recently announced that they will create a non-profit generic drug company to reduce prescription costs and alleviate critical drug shortages. With consulting services...

Judge Denies Hospital Org Attempt to Block 340B Drug Payment Cut

by Jacqueline LaPointe

A federal judge recently ruled that CMS can start to reduce 340B drug payments to hospitals by $1.6 billion starting on Jan. 1, 2018, striking a blow to several industry groups that urged the court to delay enforcement of the new rule. US...

VA Next Gen Healthcare Supply Chain Program Needs Work, GAO Says

by Jacqueline LaPointe

The Government Accountability Office (GAO) recently found several issues with the VA’s implementation of a next generation healthcare supply chain management program. The federal watchdog argued the implementation process failed to...

House Reps Aim to Stop $1.6B Hospital Payment Cut for 340B Drugs

by Jacqueline LaPointe

A new bipartisan bill intends to block CMS from enforcing a $1.6 billion Medicare reimbursement cut under the 340B Drug Pricing Program. Representatives David McKinley (R-WV) and Mike Thompson (D-CA) introduced H.R. 4392 last week. The...

Providers Who Accept Pharma Gifts Prescribe More Expensive Drugs

by Jacqueline LaPointe

Providers in the DC area who received gifts from the pharmaceutical industry tended to prescribe more drugs per patient, including more expensive, branded medications, than their peers who did not accept gifts, a recent PLoS One study...

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