Answers to Your Most Burning Questions About Healthcare Supply Category Management

Our healthcare supply chain business has been throwing around a term called “category management” for a few years now that could be interpreted differently by individual supply chain managers. To clear up any misunderstanding about this relatively new supply chain term, I thought I would answer the most burning questions I’m hearing about this topic below

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4 Reasons Why Contract Management Systems Are Becoming Mission Critical

In a recent Black Book survey 96% of CFOs, financial management and supply chain leaders stated they have no contract management system, are using all manual processes or have a system that is outdated and inadequate. Failing to have automated contract management systems is costing provider organizations $157 billion collectively each year, Black Book Reported.

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3 Ways Systems, IDNs and Alliances Can Grow Their Savings by Employing a Strategic Enterprise Value Analysis Model

Healthcare Value analysis is becoming an enterprise supply chain responsibility as more systems, IDNs and alliances search for better ways…

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6 Key Elements for Having an All Encompassing Total Value Analysis Program

Healthcare value analysis practitioners need to think more about long-term results vs. short-term gains (e.g., GPO contracts implementation) to up…

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Leveraging Three Healthcare Value Analysis Analytics Insights to Discover New Savings You Never Thought Was Possible

Most healthcare supply chain organizations have only scratched the surface of what’s possible when you take an analytical, data-drive approach to value analysis.  It means spending less time trying to obtain better prices and standardizing on anything that moves and isn’t alive and more time uncovering those hidden patterns, trends and anomalies in your healthcare organization’s supply streams.

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Your Biggest Cost Savings Opportunity is Often Ignored After the Right Product at the Right Price at the Right Time at the Right Place Happens

For many in the healthcare supply chain, the old touchstone has been the cornerstone of best practice for over 50 years.  What happens after the product is in our customers hands?  What happens after the contract has been implemented/converted and/or value analysis has chosen the best valued product?  We know that the right price is in our ERP/Purchasing Systems but do the dollars hit the bottom line?  In order to get a better grasp on this concept, validation needs to occur because the costs ramifications cannot be left flapping out in the wind any longer.

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