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.

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).

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

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

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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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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In an effort to better protect patients during product recalls, and to improve care at a population health level, hospitals must begin to accurately capture medical device data through UDI adoption. 

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Lean Six Sigma (LSS) is a combination of two process improvement methods. Lean is a system that works to eliminate waste, making processes faster and simpler to follow; it is about doing more with less and speeding things up.

Supply chain departments in healthcare organizations can add significant value to their procure-to-pay process by integrating their enterprise resource planning (ERP) systems with an eMarketplace solution.

The continuum of the supply chain for healthcare has historically been siloed within each organization, separate from even a healthcare’s own entity. As the shift of patient care goes from an inpatient setting to outpatient, how are today’s healthcare organizations adjusting to this shift and creating an efficient and relatively seamless supply chain for customers, both separate outpatient entities and their patients?

Utilizing the right platform will not only enable simple purchasing of on-demand parts, accessories and services online, but it will also integrate with asset management and ERP systems.