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5 Ways Benchmarking Can Improve Your Purchase Service Contracting Cost, Quality, and Performance

5 Ways Benchmarking Can Improve Your Purchase Service Contracting Cost, Quality, and Performance

If you haven’t realized it already, your purchase service contracts (i.e., tasks, jobs, or services performed by outside contractors) are more complex than ever before. More importantly, there is no easy way to measure, manage, and control these contracts without understanding their characteristics, since no purchase service contracts are identical. Yet, there are 5 ways […]

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Leading Change in Clinical Supply Utilization Management: Transitioning Beyond Price and Standardization for Even Greater Savings

Leading Change in Clinical Supply Utilization Management: Transitioning Beyond Price and Standardization for Even Greater Savings

Price and Standardization Savings are Waning   Show me a hospital, system, or IDN that is achieving double-digit price and standardization savings, and I will show you a healthcare organization that is falling behind its peers. The record shows that most hospital, system, and IDN’s price and standardization savings are waning. That’s why it’s time […]

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Why and How You Need to Monitor Multiple Value Analysis Metrics in a Single Dashboard to Ensure VA Success

Why and How You Need to Monitor Multiple Value Analysis Metrics in a Single Dashboard to Ensure VA Success

I would think most value analysis coordinators, managers, or directors are tracking some metrics (e.g., savings, VA meeting attendance, and projects completed) on a spreadsheet, but there comes a time when this vital information turns out to be too cumbersome, unwieldly, and non-user friendly to be helpful.   That’s when a single dashboard that can […]

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3 Things We Can Learn from the Drug Industry’s New Pay-for-Performance Based Contracts

3 Things We Can Learn from the Drug Industry’s New Pay-for-Performance Based Contracts

It’s little-known in supply chain circles that pharmaceutical companies have increasingly contracted with payers (e.g., Aetna for Merck’s diabetes drugs Januvia and Janumet) based on pay-for-performance (PFP) agreements. I believe this is a strategy supply chain professionals can learn from, as we as an industry enter new territory beyond the ACA law.   Specifically, hospitals, […]

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How to Increase Your Pipeline of Supply Chain Savings Without Joining a New Group Purchasing Organization
By February 28, 2017 0 Comments Read More →

How to Increase Your Pipeline of Supply Chain Savings Without Joining a New Group Purchasing Organization

The trend today is to join a new national or regional group purchasing organization to eke out a few more dollars in price savings. Even some regional group purchasing organizations are following the same strategy. That is, they too are changing their GPO affiliation.   However, I’m sure you have heard of the law of […]

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5 Signs It’s Time to Rethink Your Supply Chain Expense Management & Control Strategies, Tactics, & Techniques
By February 21, 2017 0 Comments Read More →

5 Signs It’s Time to Rethink Your Supply Chain Expense Management & Control Strategies, Tactics, & Techniques

It is the nature of supply chain professionals to always to be reviewing, revising, and rethinking how they are doing things so their supply chain operations are always humming. But when do you know for sure it is time to rethink your supply chain expense management and control strategies, tactics, and techniques?     5 […]

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How Big Data and Analytics Can Generate Big Savings for Your Value Analysis Program
By February 14, 2017 0 Comments Read More →

How Big Data and Analytics Can Generate Big Savings for Your Value Analysis Program

The typical healthcare value analysis program currently has two savings drivers: new purchase requests and group purchasing contracts. However, there is a third savings driver that needs to be integrated into your value analysis process if your hospital, system, or IDN is to survive and thrive in the 21st century.     Big Data and […]

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Evaluate Your Value Analysis Process, Eliminate, and Then Automate for Better Lasting Results
By February 7, 2017 0 Comments Read More →

Evaluate Your Value Analysis Process, Eliminate, and Then Automate for Better Lasting Results

We are all looking for better, faster, and more agile healthcare value analysis processes, since we need to get more done in less time. The best way to do so is to take a hard look at your value analysis process, eliminate and then automate for better lasting results. This is a concept created by […]

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9 Lessons from World-Class Supply Chain Best Practices You Need to Know About
By January 31, 2017 0 Comments Read More →

9 Lessons from World-Class Supply Chain Best Practices You Need to Know About

It’s my belief that healthcare supply chain professionals can learn much from world-class supply chain leaders in other industries, since they have been developing, experimenting, and then institutionalizing new innovative supply chain ideas for decades. With this said, here are nine lessons from world-class supply chain leaders you need to know about:   Visibility: The […]

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What Will Your Healthcare Supply Chain Look Like in 2017?
By January 24, 2017 0 Comments Read More →

What Will Your Healthcare Supply Chain Look Like in 2017?

Every healthcare supply chain executive is speculating about what their healthcare organization’s cost, quality, and outcome goals will look like in 2017 with the impending appeal of the Affordable Care Act. It is my prediction that there will be even greater emphasis in 2017 on lower costs, higher quality, and better outcomes. This is because […]

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