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

Supply Chain Management

Healthcare Consumerism, Supply Chain Generating Buzz at HIMSS19

January 31, 2019 - Now more than ever, the healthcare industry is at a crossroads and the annual HIMSS Conference and Exhibition reflects that. Healthcare spending is slated to increase at an annual rate of 5.5 percent over the next eight years as the Medicare population drastically increases and service prices continue to climb. As healthcare slowly but surely grabs almost 20 percent of the economy by...


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Major Health Systems Create New Company to Tackle Drug Shortages

by Jacqueline LaPointe

Drug shortages are preventing hospitals from providing even the most basic care to patients. In a recent study by the National Opinion Research Center (NORC) at the University of Chicago, approximately 80 percent of hospitals found it...

Hospital Prescription Drug Spending Increased 18.5% Per Admission

by Jacqueline LaPointe

Average total hospital prescription drug spending per admission rose by 18.5 percent between the 2015 and 2018 fiscal years, according to a new study conducted by NORC at the University of Chicago. Hospitals spent an average of $555.40...

Tenet Healthcare Plans to Outsource 1,000+ Positions to Cut Costs

by Jacqueline LaPointe

The country’s largest for-profit hospital system is looking to significantly expand their offshore healthcare workforce in the next year or two. Local news source Dallas News recently reported that the large hospital system is...

Hospital ERP Adoption Up to 38.4% and Will Continue to Climb

by Jacqueline LaPointe

Enterprise resource planning (ERP) adoption remains slow and steady, HIMSS Analytics recently reported. Hospital ERP adoption increased from 18.8 percent of hospitals in 2008 to 38.4 percent of hospitals a decade later, the analysis of...

Hospitals Seek Value-Based Contracting in Healthcare Supply Chain

by Jacqueline LaPointe

Nearly three-quarters of hospital and health system leaders are interested in value-based contracting in the healthcare supply chain, but opportunities to secure contracts with suppliers are lacking, a new survey from Premier Inc....

AHA: Tariffs on Chinese Goods Will Impact Hospital Supply Chain

by Jacqueline LaPointe

The American Hospital Association (AHA) recently opposed the Trump Administration’s tariffs on medical equipment and products imported from China, arguing the tariffs would impact the hospital supply chain. “The imposition of...

HRSA Proposes Earlier Start Date for 340B Price Transparency Rule

by Jacqueline LaPointe

HHS plans to move forward the implementation date of a long-delayed 340B price transparency rule that will stop drug manufacturers from overcharging hospitals for drugs purchased under the drug discount program. In a recent notice of...

Hospitals Could Save $25.4B in Healthcare Supply Chain Costs

by Jacqueline LaPointe

Hospitals could save approximately $25.4 billion a year in healthcare supply chain costs by reducing variation and waste, a recent Navigant analysis showed. The analysis of 2,300 hospitals indicated that hospitals and health systems are...

Looking Beyond Price in the Healthcare Supply Chain to Add Value

by Jacqueline LaPointe

Don’t equate value in the healthcare supply chain with just price, Premier, Inc’s Myla Maloney recently advised healthcare stakeholders at Xtelligent Healthcare Media’s Value-Based Care Summit in Boston. “Price...

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

by Jacqueline LaPointe

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...

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...

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