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Comparing the state of supply chain management in hospitals today to how it was 10 – 15 years ago, makes it clear the industry has done tremendous work in reducing costs. While progress has been made, there is still much work to be done.
“Social Proof” is a critical psychological principle that savvy hospital administrators can use to solve their most complex business issues and dramatically increase their organization’s operating performance.
Public and private insurers are creating downward cost pressures on hospitals via reduced reimbursements. The right implant pricing strategy will mitigate the financial pressures hospitals are facing.
Many hospitals and health care systems struggle with identifying and reducing the costs of Physician Preference Items (PPIs). Fortunately, there are best practices health care systems can utilize to maximize savings and success.
Custom Procedure Trays (CPT) have many benefits within the hospital setting. CPTs create efficiencies in terms of hospital work flow and inventory management. Additionally, CPTs provide excellent patient safety, in part, because they are sequentially packaged and the items contained within the packs are single use and pre-sterilized. This can help in the reduction of patient infections.
Implementing a Low Unit of Measure (LUM) program at your organization has many benefits beyond reducing inventory. LUM can act as a catalyst in implementing other associated LEAN principles, such as streamlining staff, processes and technology – all of which will increase efficiencies, and reduce redundancy and waste in your supply chain.