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In this HFMA newsletter self-study lesson, participants will read case studies from HFMA’s Healthcare Cost Containment newsletter about how Intermountain Healthcare and Denver Health are managing their supply costs. Participants will also read about a study on the disconnect between C-suite executives and supply chain leaders regarding the financial impact of the supply chain and the strategies that should be used to control supply chain costs.

After this Self-Study Lesson, You'll Be Able to:

  • Recognize the potential benefits of centralizing the supply chain. 
  • Differentiate ways purchasing cards can improve supply chain efficiency and increase user satisfaction.
  • Identify two important characteristics of personnel who work in supply chain strategic sourcing.
  • Recognize strategies that will enable your organization to demand better prices from suppliers of physician preference items.
  • Identify the components of an effective letter to suppliers of physician preference items explaining your hospital’s position on pricing.
  • Recognize how to bridge the gap between C-suite executives and supply chain executives pertaining to supply chain improvement strategies. 

Pricing

Newsletter subscribers: Free
Non-subscribers: $55

Get more with a subscription to any of HFMA's three newsletters: Revenue Cycle Strategist, Healthcare Cost Containment, and Strategic Financial Planning. A subscription includes print issues, online content, and access to self-study articles. Learn more—and subscribe.

Self-Study Article Information

  • CPE credits: N/A; HFMA newsletter self-study lessons are not eligible for CPE credits.
  • Designed for: Healthcare finance professionals who are interested in improving the efficiency of a supply chain
  • Level: Intermediate
  • Prerequisite knowledge: Basic understanding of healthcare supply chain structure
  • Instructional method: Self-study
  • Format: Online
  • NASBA Field of Study: Production
  • Program prerequisite: None
  • Advance preparation: None
  • Course availability: This newsletter self-study lesson is available for purchase through June 30, 2015. Once purchased, you'll have one year to finish your lesson.

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