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November 17, 2016 | Content Areas: Finance | Tags: Analytics, CQO, Data Standards, Reimbursement, Sustainability | Formats: On-Demand Recording | CPE Credit: 1
Maintaining a cost-effective supply chain in a world where value-based reimbursement models are the norm will be determined by your hospital's ability to collect, connect, and act on analytics from myriad data sources and systems.
November 01, 2016 | Content Areas: Leadership | Tags: Benchmarking, Contracting, Cost Management, Suppliers, Sustainability | Formats: Article
This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions. The next wave of green purchasing is here — and new tools and technology platforms are fueling its growth. For healthcare buyers, a deeper look at the costs and benefits of products is easier to get than ever before. For healthcare suppliers, new opportunities exist to tell the full story of their products, grow sales with health systems looking for healthy, green products and services, and drive innovation in product development and supply chain management.
AHRMM is one of the representatives on the Medical Device Innovation Consortium (MDIC) Product Quality Outcomes Analytics project team; a multi-disciplinary group comprised of representatives from manufacturers, providers, FDA, and Value Analysis Committees (VACs). The team's objectives are to provide information about the feasibility and effectiveness of using publicly available data and to recommend analytic techniques to enable assessments of medical device product quality. This report is a summary of the team’s observations and recommendations for the development of a formal approach to measure medical device product quality outcomes in order to provide feedback and reward the market for Quality. Recommendations included the need to improve data robustness as well as the need to develop an operating model that would enable data access and transparency for scale and sustainability in the future.
Streamline and Re-Define Supplier Relationships to Promote Risk Sharing, Add Value, and Reduce Costs in the Perioperative Function
This leading practice discusses strategies shared by both supply chain executives from Fairview Health System and suppliers from Medtronic that promote risk sharing, reduction in episode spend, and most importantly improved quality and safety outcomes.
March 28, 2016 | Content Areas: Performance Metrics | Tags: Analytics, Benchmarking, Clinical Resource Management, CQO, Lean/Six Sigma | Formats: White Paper
As the healthcare landscape continues to shift, supply chain is increasingly becoming a focus for providers seeking financial sustainability. For supply chain to become a catalyst for organization – wide improvement, a systems perspective is needed. The Baldrige Excellence Framework is an evaluative tool to drive systems thinking across the organization. While the Framework is typically utilized to assess the performance of an entire organization, such as a healthcare provider, this paper explores the application of the Baldrige Excellence Framework to the healthcare supply chain as a unique entity. A brief overview and history of the Baldrige program will be provided, and then the paper will center on a discussion of how each of the seven criteria categories can be applied to the healthcare supply chain, and how the application of the criteria may yield supply chain results.
March 01, 2016 | Content Areas: Procurement | Tags: Cost Management, CQO, Reprocessing, Suppliers, Sustainability | Formats: Article
Reprocessing is a strategy for any supply chain team to thoughtfully consider, especially when you have a reprocessing partner that can help address clinician concerns and is aggressive about collaboratively finding savings opportunities.