Supply Chain Management

Healthcare Facilities Implement PPE Crisis Standards of Care

by Jacqueline LaPointe

A survey of over 1,000 infection preventionists found that most healthcare facilities are implementing crisis standards of care when it comes to using personal protective equipment during the ongoing...

Hospitals Wage War with Pharma Over 340B Drug Pricing Program Cuts

by Jacqueline LaPointe

The controversy surrounding the notorious 340B Drug Pricing Program continues with more than 1,100 hospitals now urging HHS to stop pharmaceutical companies from refusing discounts for drugs covered by...

How Providers, Suppliers Aim to Shore Up the Healthcare Supply Chain

by Jacqueline LaPointe

Providers and suppliers are looking to preserve the healthcare supply chain after the COVID-19 pandemic by prioritizing the purchase of products made in the US and other strategies, a recent survey...

Healthcare Enterprise Resource Planning Systems Going to the Cloud

by Jacqueline LaPointe

Provider organizations are replacing or selecting new enterprise resource planning (ERP) systems to realize the benefits of a cloud solution, according to a recent KLAS Decisions Insights report. In...

COVID-19 Testing Shortage Hinders Hospital Efforts to Combat Virus

by Jacqueline LaPointe

Hospitals across the country cannot keep up with coronavirus demands due to a severe COVID-19 testing shortage, and the lack of testing kits is exacerbating other key issues, including personal...

Group Purchasing Reduces Healthcare Supply Chain Costs by 13%

by Jacqueline LaPointe

Group purchasing organizations (GPOs) are delivering critical cost-savings to providers, as well as increasing competition, transparency, and even emergency preparedness for events like COVID-19,...

Primary Care Practices Overwhelmed by COVID-19, PPE Shortages

by Jacqueline LaPointe

Providers across the care continuum have been reporting significant personal protective equipment (PEE) shortages, but a new survey shows that primary care practices are being hit hard by supply chain...

Hospitals Look to Reduce Corporate Services Spending

by Jacqueline LaPointe

Three-quarters of provider executives believe their corporate services spending could decrease without impacting quality of care or efficiency, according to a recent survey of over 100 hospital and...

How COVID-19 Is Impacting the Healthcare Revenue Cycle

by Jacqueline LaPointe

As entire nations encourage their populations to stay inside to avoid COVID-19, healthcare providers are more active than ever in response to the outbreak of the novel coronavirus. This activity is...

Community Health Centers to Get Funding for Coronavirus Outbreak

by Jacqueline LaPointe

UPDATE 03/06/2020: HR 6074 became public law no: 116-123 on March 6, 2020. The federal government is one step closer to delivering funds to key stakeholders in the novel coronavirus...

New List of Essential Drugs Shows Hospital Supply Chain Fragility

by Samantha McGrail

A new list of essential medications is highlighting the fragility of the hospital supply chain. The list devised by group purchasing organization Vizient names 200 drugs that, if unavailable due to...

Hospital Drug Spending to Increase 3.59%, Vizient Estimates

by Jacqueline LaPointe

Hospital drug spending will increase by 3.59 percent through next year, indicating a “continuation of the sustained modest growth” observed over the last several years, according to the...

Unnecessary Hospital Supply Chain Spending Reaches $25.7B a Year

by Samantha McGrail

About $25.7 billion of hospital supply chain spending is considered unnecessary, a $2.7 billion increase from just two years ago, according to a Navigant analysis.  The analysis of 2,127...

More Execs Set Healthcare Cost Cutting Goals, But Targets Are Small

by Jacqueline LaPointe

More health systems are setting healthcare cost reduction goals, but their modest goals are leading to moderate success, according to a new survey conducted by Kaufman Hall and the Healthcare Financial...

Spend Analytics Help Banner Health Control Supply Chain Costs

by Jacqueline LaPointe

As one of the largest non-profit health systems in the country, Banner Health relies on hundreds of contracts to ensure providers have the supplies they need to deliver high-quality care, and now spend...

Improving Patient Outcomes Surpasses Reducing Cost as Top Priority

by Jacqueline LaPointe

A new survey from Johnson & Johnson Medical Devices Companies suggests health system clinicians and executives are moving beyond traditional cost cutting initiatives to address cost pressures and...

Hospitals Retain 91% of Profit from Physician-Administered Drugs

by Jacqueline LaPointe

Physician practices and hospital outpatient clinics treat a similar number of commercially insured patients needing physician-administered drugs, but hospitals receive a larger share of the gross...

Physicians Are Supply Chain Champions at Ochsner Health System

by Jacqueline LaPointe

A physician’s top priority is always to deliver the highest quality care possible to patients. But in an increasingly sophisticated and difficult healthcare market, the providers are now finding...

Hospital Prescription Drug Spending to Increase 4.57% in 2020

by Jacqueline LaPointe

Including inpatient and outpatient settings, hospital prescription drug spending is likely to increase by about 4.57 percent in 2020, according to Vizient’s July 2019 Drug Price Forecast. The...

Leading Vendors Helping Hospitals Manage Accounts Payable

by Jacqueline LaPointe

As the industry shifts from fee-for-service to value-based care, hospitals and health systems must focus on delivering the highest quality care at the lowest cost possible, and that extends to the...