Supply Chain Management

Prescription Drug Shortages a $359M Labor Problem for Hospitals

by Jacqueline LaPointe

Hospital and health system pharmacies are dedicating significant time and money to finding ways to work around prescription drug shortages and acquire access to medications now and in the future,...

How Bon Secours Mercy Health Optimized Supply Chain Post-Merger

by Jacqueline LaPointe

There is strength in numbers – at least when it comes to the hospital supply chain after a merger. Hospitals and health systems are increasingly engaging in merger deals with like-sized...

Group Purchasing Organizations Cut Hospital Supply Costs by 13.1%

by Jacqueline LaPointe

Group purchasing organizations (GPOs) save the healthcare system up to $34.1 billion annually, with hospitals and nursing homes seeing a significant portion of the supply chain savings, a new analysis...

Civica Rx to Tackle Antibiotic Drug Shortage with New Partnership

by Jacqueline LaPointe

A new partnership between Civica Rx and Xellia Pharmaceuticals in Denmark is aiming to alleviate antibiotic drug shortages, according to a recent announcement from the non-profit drug company. The...

Hospital Leaders, Providers Stress Over Supply Chain Management

by Jacqueline LaPointe

Supply chain management tasks are taking clinicians more than twice the amount of time to do, creating stress for both supply chain managers and providers, the fourth annual Cardinal Health Hospital...

Providers Benefit from Moving ERP Systems to the Cloud, KLAS Finds

by Jacqueline LaPointe

Healthcare organizations are benefitting from moving their on-premise enterprise resource planning (ERP) systems to the cloud, according to a new KLAS market report. In the report, ERP 2019:...

Costs, Reimbursement Impede Hospital Medical Device Adoption

by Jacqueline LaPointe

High costs coupled with a lack of adequate claims reimbursement is challenging the adoption of innovative medical devices and creating tension between providers, supply chain leaders, and revenue cycle...

Safety-Net Hospitals Can Now Check 340B Drug Ceiling Prices Online

by Jacqueline LaPointe

The Health Resource and Services Administration (HRSA) recently launched a website that enables safety-net hospitals to identify the maximum amount that pharmaceutical companies can charge for drugs...

Telepharmacists Keep a Small Hospital Pharmacy Running After Hours

by Jacqueline LaPointe

Situated in the countryside of south central Wisconsin between Janesville and Madison, the City of Edgerton is home to about 5,500 individuals who rely on an 18-bed critical access hospital for many of...

98% of Hospital Leaders Say Supply Chain Optimization Ups Margins

by Jacqueline LaPointe

Almost all hospital leaders in a new survey conducted by Sage Growth Partners (98 percent) said supply chain optimization can improve hospital margins. About 52 percent report better management could...

Prescription Drug Costs Projected to Rise by 3.8% in 2020

by Jacqueline LaPointe

A national healthcare improvement company and group purchasing organization is projecting a 3.8 percent increase in total prescription drug costs in 2020. In a recent announcement, Premier Inc. stated...

Healthcare Consumerism, Supply Chain Generating Buzz at HIMSS19

by Jacqueline LaPointe

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...

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,...

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...

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...

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 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...

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...

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...

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...