Strategies for optimizing medical device inventories amid COVID-19
As COVID-19 upends how hospitals and health systems think about their medical device inventories, practical financial and operational strategies are becoming imperative. In this webinar, we will discuss how to optimize your inventory to reduce capital and operational expense while ensuring you have the resources to deal with a future health crisis. You'll learn how to identify appropriate inventory levels for specific devices and maintain those levels while accommodating new scenarios such as the transition of care to alternate sites.
Original Live Webinar Date: (10/8/20)
Achieving working capital efficiency and cash management
Even prior to the pandemic crisis, health system finance and treasury departments were exploring more efficient ways to manage their working capital and improve their financial health overall. With prevailing uncertainty about the economy and the financial outlook for healthcare, hospitals are looking to improve their liquidity, and enacting various short-term financing options while monitoring cash-on-hand. This webinar describes the current financial challenges, describes emerging best practices for Accounts Payable and prescribes solutions to help achieve optimal working capital, even in this uncertain environment. The presentation will also cover financial management trends, payments outlook and effects on liquidity position, including creditor rating, as well as balance sheet management.
Original Live Webinar Date: 9/23/20
Equipment sharing: A new way for finance leaders to save capital dollars
With the cancellation of elective surgeries due to COVID-19, health system leaders must navigate their organization to a new financial future. Join as we outline an entirely new tranche of cost savings that can be achieved by maximizing the utilization of existing capital equipment with an asset sharing program.
You will be provided with a framework to benchmark equipment utilization across your facilities, and the steps to practically implement a sharing program.Learn from two health system case studies on how asset sharing can reduce new equipment needs by as much as 50%, while eliminating rental costs and satisfying more capital requests from your clinical team.
Original Live Webinar Date: 9/2/20
COVID-19 ready: Northwestern Medicine transforms procure-to-pay
Northwestern Medicine is an integrated healthcare system that is constantly growing with new patient treatments and facility acquisition to provide the most advanced health care to the communities and patients they serve. With healthcare's strict policies, Northwestern needs to ensure compliance as they onboard and manage suppliers to deliver these critical services.
Unfortunately, this process was layered in paper and manual tasks Amy Platis, Program Director of Finance, APM at Northwestern Medicine, set out to digitally transform Northwestern's procure-to-pay operations with apexportal. And, in the process, made her team ready for the disruption that COVID-19 would cause to her team and the communities that Northwestern serves.
Original Live Webinar Date: 8/18/20