Knowledge Center

Outcomes-based contracting is no easy feat but when conducted properly, it creates a synergistic model that can significantly improve outcomes. Author: Jeffrey Ashkenase, MPA, Executive Vice President, Acurity, Inc. and Nexera, Inc. Download Article

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.

The ISM® Hospital Report On Business® is the first ISM® report to focus on the healthcare sector. It is being established in partnership with AHRMM, and with the assistance of the Strategic Marketplace Initiative (SMI).

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.

Real-time supply chain costs serve as an indicator of how efficiently resources are being used by different parts of the organization. Armed with this information, healthcare providers are beginning to predict what their supply needs are instead of being reactive, which most of the time results in excess purchasing that inflates costs across the board. By: Murray Walden  Download Article

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

Over the years, the concept of the Triple Aim has taken hold, with well over 100 participating organizations, including the AHA, among its champions. But along the way, there remains confusion about exactly what is meant by the health of populations. Clearing up this issue also provides important insights into the expanding relevance of the CQO movement and the supply chain profession in the broader healthcare landscape.

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

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The safe use of health technology—from infusion pumps to complex imaging systems—requires that healthcare facilities recognize the possibility of danger or difficulty with those technologies and that they take steps to minimize the likelihood of adverse events. Download Article

The shift to bundled payments in health care continues to push the supply chain to a more central position in the overall operations and capabilities of progressive health systems.

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.

Bundled payments provide a single payment for a defined episode of care that is shared among the caregivers involved in the delivery of care, with the risk shifting primarily to hospitals. The logic is that this will promote better care coordination among the various providers, while reducing wide variations in both the cost of care and how care is delivered. Download Article

How often have you heard that supply chain is involved in patient care from the moment the patient walks in the door to discharge? Well, now that concept has gone a step further, and we need to think out of the box and as a patient ourselves. Download Article

This article is from the November/December 2016 issue of the AHRMM member-only magazine, Supply Chain Strategies & Solutions. Unlocking individual silos in healthcare organizations is a key step toward delivering the optimal value in patient care at the appropriate cost. Multidisciplinary sourcing teams with the right software platform can elevate the role of healthcare supply chain. The result: stronger negotiating processes with suppliers and better contract terms.

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