Supply Chain Management is the most critical area of concern for hospitals. It is critical to the health and safety of patients and staff to have the right tools available to the right people at the right time. A recent survey published by Healthcare Finance News reported on the top five challenges of managing hospital supply chains: Cost-savings goals: The first area …
Increasing Healthcare Management Efficiency
Often times, healthcare management is more concerned about profits and losses without really taking the time to analyze whether the hospital is running efficiently. Especially now with the Affordable Care Act in full effect, hospital management is more concerned about how to deal with the increase of patients and implementing procedures to accommodate them. In fact, The Commonwealth Fund released findings that …
Hospital Supplier Management Software: 3 Important Things to Keep in Mind
Managing a hospital is not an easy endeavor. Managers have to be adept at keeping several balls in the air. Knowing three steps for successful hospital supplier management software makes the professional lives of hospital managers a great deal easier, allowing them to focus their attention on other things. The Problem Dealing with vendors and making sure the hospital is fully stocked …
Supply Chain Automation Saves Time and Money
The latest headlines in Healthcare IT are all about saving money by boosting the supply chain. Published just weeks ago, this article highlights the advantages of implementing an automated hospital supply chain for larger hospitals. Of all the “extraneous” costs associated with running a hospital, managing suppliers and spending hours negotiating with vendors should not be one of those. Time is …
Hospital Financial Management Has Never Been So Important
A report released by Moody’s Investor Services early in the fall of 2014 painted an alarming picture of the financial health of nonprofit hospitals. They have posted their second year of revenue declines and have experienced record-breaking low rates of growth of revenue. Median revenue growth has historically been around 7%; in 2014, it has dropped to 3.9%. Reasons for the low …
Hospital Supplier Management: A Holistic Approach
At the heart of every hospital is a commitment to providing the most comprehensive and complete care possible. From this core mission every aspect of managing a successful healthcare facility must be handled with diligence and attention to detail. At the same time, however, you want to spend more time providing excellent training for your faculty and unparalleled care for …
