Healthcare Supply Management
FDA Warns of Significant Drug Shortages – What Gives?
In a recent report, the FDA has warned of significant drug shortages in the U.S. These shortages are affecting approximately 130 drugs that are commonly used in the treatment of medical conditions or used in surgical procedures. The report titled […]
Physician Preference Cards: The Key to Hospital Low Inventory Utilization and Waste
Almost every hospital or IDN faces significant challenges in managing their operating room inventory, which can be traced to a simple concept: utilization. Utilization is simply a ratio of the $ value of clinical purchases BILLED to patients or insurance, […]
Hospitals Suffer from a Lack of Market Transparency: New Evidence from a Research Project with SCWorx
Healthcare in the United States of America is a USD $3.2 Trillion industry, yet is often described by experts as a “cottage industry” due to the lack of maturity surrounding its contract management and supply chain practices. Research suggests that […]
Using DRG Analytics to Drive TCO: The Holy Grail in Healthcare Analytics
Hospitals are bleeding money. After a period in the 1980’s where the AMA was dictating prices they could charge, Medicare regulation, Part B, and introduction of bundled payments has now severely restricted the payments coming in to cover operations. The […]
An Interview with Anita Vila-Parrish on Healthcare Analytics
I had the opportunity this week to conduct a recorded interview with Dr. Anita Vila-Parrish, who is currently working at McKesson. In the interview, we covered a variety of topics, including her extensive work in the field of healthcare analytics. […]
New MBA Healthcare Analytics Class Takes Off This Fall
Healthcare providers are facing continued lower operating margins, increased risks and potentially once-in-a-lifetime health care reform. With this backdrop, there is an increasing focus on Supply Chain Management as a means to minimize risk, optimize operating costs, improve revenue, improve […]
Healthcare Utilization Management: Solving the Mystery of the Missing Inventory
I recently had a chance to interview a supply chain director from a mid-sized hospital in New York state, that was very insightful in helping me to think about the challenge around inventory management. The supply chain officer described the […]
Leadership Personified: Ken Frazier, CEO of Merck
I had the opportunity to hear Ken Frazier, CEO of Merck, speak at the SC50 meeting. Ken was a single child raised by a single father in Philadelphia, making his way into Harvard Law eventually. Prior to becoming CEO, Ken […]
Data integrity is a real problem in the operating room
A recent visit to a mid-sized hospital in the Northeast United States provided a number of important insights into how is great a problem material handing data integrity is in the daily life of those people who work in operating […]
Innovation Leadership in the Middle of Organization Change at Biogen
I spent the day at Biogen’s headquarters in Cambridge, MA today, with a group of executives sharing ideas on how to drive innovation. Biogen is already a highly innovative company, as they have continued to drive new treatments in MS, […]