Knowledge Center

Learn how Rush University Medical Center took an innovative approach to cost reduction and achieved a 21% reduction in the hospital’s shoulder replacement spend, delivering $800,000 in savings in less than one year.

Supply chain attributes inform critical supply availability and alignment with internal and external needs, integral to meeting pressures to deliver safe care.

Jessica Campbell, Senior Data Analyst at BJC HealthCare, shares her three steps or questions she uses when rolling out planning projects, building tools, and rolling out metrics that lead to actionable metrics. Also available as a podcast.

In the first half of the webinar, we will explore the Hospital PMI™, an ISM® Report On Business® vertical specific to hospitals, launched Friday, August 7, 2020. Developed in partnership with AHRMM, the Hospital PMI™ is the first report of its kind exploring data that delves into areas that specifically cover hospital supply chains. The U.S. hospital community can leverage the Hospital PMI™ data for actionable supply chain planning insights.

CHICAGO, July 23, 2020 — In partnership with the Association for Health Care Resource & Materials Management (AHRMM) of the American Hospital Association, Institute for Supply Management (ISM) is launching its first vertical ISM® Report On Business® in a critical services sector: hospitals. The Hospital PMI™ is the first report of its kind, delving into areas that specifically cover hospital supply chains. The inaugural report will be released Friday, August 7, at 10 am EST featuring July 2020 data.

Access Hospital ISM® Report On Business® In partnership with AHRMM, Institute for Supply Management (ISM) launched its first vertical ISM® Report On Business® in a critical services sector: hospitals. The Hospital PMI™ is the first report of its kind, delving into areas that specifically cover hospital supply chains. The inaugural report was released Friday, August 7, featuring July 2020 data.

Every organization has a variety of internal and external benchmarks at their disposal. Metrics need to be practical for each individual provider, and the supply chain must choose its measurements and comparisons carefully. In this webinar, we discuss meaningful benchmarking and explore several scenarios, useful metrics, and variation considerations to help make appropriate decisions that can improve supply chain performance.

The AHRMM Keys for Supply Chain Excellence are Key Performance Indicators (KPIs) that set the standard for supply chain management in the health care field. AHRMM has developed the AHRMM Keys for Supply Chain Excellence – essential Key Performance Indicators (KPIs) that every health care supply chain should be measuring.

An integrated culture, best in class supply chain practices, and data-driven insights all maximize savings and make a difference in health care organizations. In this webinar, experts discuss how supply chain operations impact total costs for a health care organization. Gain a thorough understanding of the often overlooked leading practices in the health care supply chain, such as utilization control and assessing information.

As health care organizations strive to reduce costs and improve quality, it is necessary for the supply chain to collaborate with physician and clinician leadership around the utilization of clinical benchmarking data. This webinar explores the leading practices for clinical benchmarking and outlines pitfalls to avoid.

Smart KPIs are absolutely essential in the health care supply chain because they provide hospitals with the data visibility that is necessary for guiding and achieving inventory optimization and cost savings goals and controlling supply spend; they are, in fact, the cornerstone of a competitive and more strategy-oriented supply chain.

Judi Proctor, senior consultant and metrics ambassador, Vizient walks through a benchmarking ro

This short webcast will give you a brief overview of the current ISM® Report On Business, share details surrounding the development of the new ISM® Hospital Report on Business—the hospital-specific report—why it is important, and how you can be involved.

Successful CQO initiatives must start with data that is reliable and accurate, but it takes physician leadership to make sure it is also meaningful. With the complex array of data sources available today, special skillsets are needed to drive a clinically oriented data strategy and build an architecture of analytics that can be drilled down to physician level and individual cost drivers.

The CQO movement is the health care supply chain’s fitness tracker. It engages supply chain with leaders across the healthcare environment to apply a new approach. To start with your own CQO KPI, look for your Bigfoot within your organization to identify top priorities. After looking at those top priorities, apply the CQO perspective.

Cost per case is a valuable measure because it captures multiple data points. As reports are developed and used, CPC can prove a powerful tool for finding cost reduction and process improvement opportunities—and that can impact your hospital’s bottom line.

Dow

By: Vizient Download Article

This paper explores the application of the Baldrige Excellence Framework to the health care supply chain. Specifically, the paper will explore the reasons that the Baldrige Framework might be used to evaluate and improve supply chain systems and processes. An examination of the need of a systems perspective will be followed by a brief overview of the Baldrige program.

This Awareness Brief provides a high level summary understanding of value based purchasing. The Hospital Value Based Purchasing (VBP) Program adjusts hospitals’ payments based on their performance in four domains that reflect hospital cost, quality and outcomes. This calendar year, 2016, is the Performance Measurement Period for the FY 2018 VBP Program.