Tag: Inventory management

Survey: Tariffs expected to increase hospital costs, disrupt supply chains

Editor's Note Rising tariff-related costs are expected to significantly impact hospital budgets and healthcare supply chains, according to a March 27 report in Becker’s Hospital Review. The article focuses on a recent survey conducted by Black Book Market Research in January before the US enacted 25% tariffs on Canadian and…

Read More

By: Matt Danford
March 31, 2025
Share

Bipartisan bill would expand presidential trade authority over medical goods

Editor's Note The bipartisan Medical Supply Chain Resiliency Act would grant the president expanded authority to negotiate trade deals and modify tariffs on medical goods, according to a March 14 report from Fierce Healthcare. The bill, backed by pharmaceutical and healthcare industry groups, aims to strengthen the US medical supply…

Read More

By: Matt Danford
March 20, 2025
Share

Session: Anchors Away: 5 Strategies to Right-Size Your Inventory and Improve Supply Contracts

Editor's Note As executive director of the Association for Health Care Resource & Materials Management (AHRMM), Michael Schiller, CMRP, gets regular insight into strategies employed by healthcare organizations, suppliers, technology leaders and frontline staff—insight he was happy to share with OR business Management Conference attendees in a February 11 presentation.…

Read More

By: Matt Danford
February 13, 2025
Share

Session: Cracking the Code: Innovative Hacks for Preference Card Management and C-Suite Support

Editor's Note Outdated and inaccurate preference cards cost hospitals millions of dollars in delayed surgeries wasted supplies—but with the right strategy, they can become a powerful tool for efficiency and cost reduction. This was among the main takeaways of a 2025 OR Business Management Conference presentation from Jason Goodwin, MPH,…

Read More

By: Matt Danford
February 12, 2025
Share

Session: Crew Incentives: 3 Guiding Principles to Leverage Value Analysis Teams

Editor's Note Jasmine Hampton-Nicholson MSN, RN, CNOR, learned the value of a value analysis team (VAT) the hard way. “I thought that we had a very solid process for our value analysis team,” said the VP of perioperative services at Temple University Health System in a presentation at 2025 OR…

Read More

By: Matt Danford
February 12, 2025
Share

Session: Anchoring Profits—Restructuring Inventory Practices to Secure $200 Million in Cost Savings

Editor's Note Restructuring inventory management has slashed costs and enhanced efficiency at Massachusetts General Hospital (MGH), presenters revealed at the OR Business Management Conference, touting an initial savings estimate of $200 million. Presented by Paul Flaherty, CRCST, Senior Manager Customer Service,   Joshua Gomez, MPH, Business Operations Manager, and Steve Spring,…

Read More

By: Matt Danford
February 11, 2025
Share

Solving the supply chain equation takes shared perspective, ingenuity

Takeaways • Interdepartmental collaboration and standardized communication are essential to quickly identifying and addressing supply chain challenges. • Just-in-time inventory strategies have gained traction since the pandemic. Successful strategies involve leveraging data, rethinking preference card management, and shifting to a demand-planning model. • Resiliency is essential to cope with the…

Read More

By: Carina Stanton
January 31, 2025
Share

Three strategies for demystifying the ASC supply chain puzzle

Ensuring safe, quality care requires precise alignment among inventory levels, delivery schedules, storage solutions, and every other element of the supply chain. A single missing piece of this puzzle—say, a delayed shipment or a storage issue—can disrupt the entire picture. Making the pieces fit can be difficult for any healthcare…

Read More

By: Brad Clark and Jeff Kremer
January 31, 2025
Share

Save the date for the 2025 OR Business Management Conference

Editor's Note Curious to learn how hurricane-impacted health organizations are navigating supply chain challenges? What about the latest trends in ambulatory surgery centers (ASCs), AI-driven scheduling software, or the workings of the hospital C-suite? Designed specifically for perioperative business leaders seeking to optimize efficiency and increase profitability, the 2025 OR…

Read More

By: Matt Danford
November 22, 2024
Share

IV fluid shortage drives innovation in hospital hydration practices

Editor's Note A nationwide shortage of intravenous (IV) fluids is forcing hospitals to adopt conservation strategies that could reshape hydration practices long-term, KFF Health News reported November 19. The shortage was driven by Hurricane Helene’s damage to Baxter International’s North Cove facility, which is responsible for 60% of US IV…

Read More

By: Matt Danford
November 20, 2024
Share

Join our community

Learn More
Video Spotlight
Live chat by BoldChat