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…
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…
Study: Hospital bed shortage looms as aging population drives demand
Editor's Note US hospitals face a growing risk of bed shortages as an aging population drives up hospitalization rates, according to research published February 19 in Jama Network. Leveraging COVID-19-era occupancy data, the study projects national hospital occupancy could reach 85% by 2032 for adult beds and by 2035 for…
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.…
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,…
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…
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…
Proposed tariffs threaten medical device supply chain
Editor's Note Analysts say proposed tariffs on imported goods could increase costs for approximately 75% of medical devices marketed in the United States, 69% of which are manufactured solely abroad, according to a January 20 article in Medical Product Outsourcing. Valued at $197.8 billion in 2023, the US medical device…
Medical device shortages present pediatric patient challenges, FDA warns
Editor's Note Although medical device shortages threaten all patients, a recent FDA announcement highlights particular risks for pediatric populations who require size-appropriate equipment. “From ventilators and neonatal breathing tubes to hemodialysis catheters, the scarcity of these critical devices poses a growing threat to patient care – especially for our youngest…
Hospitals continue to grapple with IV fluid shortage
Editor's Note US hospitals continue to face a shortage of intravenous (IV) fluids due to Hurricane-related damage to the Baxter manufacturing facility that was responsible for 60% of the nation’s supply, MedPage Today reported December 31. Citing a report from Baxter, the article notes that the manufacturer has restored eight…
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