Mercy Saves Millions in the OR Through Standardization and Automation
Surgeons from Mercy’s 41 hospitals worked with perioperative directors to reduce costly physician preference items. The health system also used an inventory management system to improve charge capture and eliminate time-wasting manual processes. Overall, Mercy has cut its supply costs by $3.6 million in 12 months.
Hospital Saves $49M by Engaging Department Leaders
Small-scale projects to reduce waste and improve efficiency can add up to boost hospital bottom lines. The key is tapping leaders’ knowledge of what processes need to change.
Sidebar: Additional Strategies for Managing the Drug Cost Problem
In an effort to improve the availability and value of treatments that are available to patients, major health systems have banded together to form a new company that will produce generic drugs.
A Growing Health System Contains Costs Through Outsourcing
Methodist Health System wanted to manage and maintain its facilities more efficiently after more than a decade of expansion. Improved contracting practices saved $250,000 in the first several months.
Purchased Services Contracting Do’s and Don’ts
Carefully worded language in purchased service contracts can help healthcare organizations enjoy good relationships with business partners.
Another Innovative Strategy: Create Your Own Drug Company
The primary goal of Intermountain Healthcare’s not-for-profit generic drug company is to help patients by eliminating drug shortages.
The Advantages of Change in Pharmaceutical Management
Robert Miller suggests improvements for supply chain management in hospital pharmacies.
Leading Hospitals Turn to Advanced Strategies for Pharmacy Savings
Organizations like Froedtert Health and Intermountain Healthcare are working on both internal and collaborative strategies to reduce pharmacy costs and improve clinical care.
HealthTrust: Optimizing Purchased Services
Andrew Motz, assistant vice president, supply chain consulting at HealthTrust, discusses the value of a data-driven approach when procuring purchased services.
MaineHealth Achieves Supply Chain Collaboration Among Member Hospitals
By identifying key supply chain opportunities and process flow issues that needed correction, MaineHealth saved approximately $16 million in 2015, the first year of its overhaul; $27 million in 2016; and more than $34 million in 2017.