Hospital materials management is a complex process. Improving materials management reduces overall cost and increases service quality. There are a number of things hospitals can do to improve their materials management. Below are a few tips to assist you in improving materials management within your organization. Analyze stock – It is crucial that specific materials be in the right place …
Hospital Support Costs Killing Profits with New Obamacare Regulations
Hospitals and health facilities provide value through care, diagnosis, medication and procedures by doctors with assistance from nurses. Despite this fact, the difference between profitability and loss is not the quality of the health professionals but of the hospital support costs. In particular, Obamacare has added some new mandates that place incentives on efficient process and outcome rather than procedures …
Hospital Support Costs: Making the Most of your Resources
Hospitals benefit everyone in some way. Whether it be an elderly person suffering a stroke or a child with an allergic reaction, hospitals provide the medical attention and environment necessary for both patients and their loved ones. Unfortunately, hospital support costs are rising and current funding cannot always bridge the gap. In order to continue serving the community, hospitals need to make …
PeopleSoft Human Capital Management In Universities and Hospitals
On October 28th, 2015 it was confirmed that Ohio State upgraded to Oracle’s new PeopleSoft Human Capital Management 9.2 and successfully deployed the PeopleSoft Interaction Hub. These systems are going to help the university comply with the Affordable Care Act and other tax regulations. This is just one example of how PeopleSoft can be implemented to help advance institutions from …
Automating the Hospital Supply Chain
Hospitals spend billions of dollars each year ordering medical supplies required for medical procedures. But the sad fact is that a lack of efficiency within the hospital supply chain also creates billions of dollars in excess costs every year. Fortunately automating a hospital’s supply chain will simultaneously cut costs and make hospital supplies more easily replenished. Why Automating the Supply Chain Is …
With Proper ERP Implementation, Hospital Support Costs Can be Reduced!
70% of the Fortune 500 either already have ERP or are planning to install it soon. The ERP marketplace is now expanding into the under $250 million size companies. The ERP premise is to help a company achieve the maximum results from a company wide database that helps the supply chain in becoming more effective, the Human Resource team in increasing their impact on performance, …
PeopleSoft Supply Chain Management: Saving Lives & Making Hospital Management Easier
Inventory management is rarely a life and death issue. But, it is in hospital management. This is perhaps the primary reason so many health care management teams turn to PeopleSoft Supply Chain Management. Prioritizing Purchase Orders That Really Matter In a hospital or clinic, high-priority requisitions may literally be a matter of life and death. Risk to patients is significantly increased when the …
Cut Hospital Support Costs through Proper ERP Optimization
Many times, hospital support costs are a gray variable in otherwise smooth operations and financial management of hospitals. Support services are a needed part of quality health offerings, but complicated business relationships, reporting and regulation requirements, and different constituents reduce the positive impact of hospital support services. While the issues involved in information and systems management between a hospital and its support …
The Role of Hospital Financial Management in Cost Reduction
The financial management of hospitals plays a larger role today in administering the business of healthcare institutions than ever before. The leading aspect is planning for the acquisition of equipment and appropriate the funds (capital) that will allow the institution to run efficiently along with the fiscal responsibility to stay solvent. Hospital financial management, according to the American College of Healthcare Executives, requires some very specific functions. …
Hospital Supplier Management Growth Opportunities
In general, the Supply Chain Management market industry has been gaining in popularity as a process that works. Progress in the supply chain marketplace is changing in that supply chain management as a field of work and study is gaining popularity. Twenty percent of ThomasNet North American Scholarship recipients are choosing supply chain management. The sector that has seen the most growth is in healthcare and specifically …
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