Knowledge Center

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.

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.

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.

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.

Healthcare delivery systems in the U.S. have traditionally targeted health intervention strategies at individuals rather than populations. However, the transition to value-based care necessitates that healthcare providers develop population health management strategies to improve disease management. This article outlines the ways in which population health management can benefit both the healthcare system and the health of the communities it serves. By: Michelle Kurta, Mary Beth Lang, Benjamin Collier, and Scott Mullins

Data visualization can help translate dashboards, benchmarking and metrics lines, and lines of supply chain data into actionable insight. Visualizing CQO with data allows the supply chain leader to make the complex simple, the abstract tangible. Darcy Aafedt discusses how to understand your data and audience, write the story you need to tell and share how to best visualize that story.

Collecting and analyzing data has been a top priority for the healthcare supply chain in recent years. Health systems have been on a quest to find the right data. Data with the power to unveil some of the long-elusive mysteries behind supply usage and costs to help make smarter product and technology decisions, ultimately reducing cost and enhancing patient care

Data is becoming as much of an asset to an organization as its people. Being able to reliably quantify value and deliver on the promise of high-quality healthcare at a lower cost using evidenced-based decision making will be what distinguishes those providers and suppliers from their competitors.

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Donna Gammarato discusses the importance of creating specialized value analysis teams to analyze resource utilization and reduce costs

By: Carola Endicott Download Article

This article is from the March/April 2017 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions. At St. Francis Hospital, HealthTrust advisors and the cardiovascular team implemented successful processes producing consistent door-to-balloon times of less than 35 minutes, slashed costs associated with renal failure by 90 percent, and reduced readmissions below the national benchmark. HealthTrust is a sponsor of the Cost, Quality, and Outcomes (CQO) Movement.

By: Michael Deluca Download Article

This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions. When supply chain analytics are enabled by the right data collection technology, they have the power to help hospital leaders better predict, trend and analyze product utilization information at every touch point throughout the enterprise. Download Article

This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions. How is technology contributing to better data, which means better outcomes and lower costs? What is technology? What is healthcare supply chain technology? It’s all a giant jigsaw puzzle of questions. What does the finished puzzle look like? Download Article

This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions. As the hospital pharmacy landscape continues to become more and more complex, hospitals and health systems need to understand that better management of the medication supply chain will help balance ever-evolving fiscal challenges. Download Article

In 2014, AHRMM hosted the first Cost, Quality, and Outcomes (CQO) Summit to bring healthcare thought leaders together and discuss particular supply chain issues and concerns. The results of those conversations were used to develop the first task force and to shape the agenda for the second CQO Summit, held in 2015.

Increasing federal regulation compliance costs and declining reimbursements have compressed hospital profitability. This is leading hospitals to turn to Supply Chain to reduce direct costs for supplies, devices, drugs, and purchased services. Traditionally Supply Chain has aggressively pursued these cost reductions through price reduction tactics. These techniques, however, are yielding diminishing savings returns.