All Entries Tagged With: "GPOs"
The Cold Hard Facts About Supply Utilization Management
We often talk about utilization management in these terms: If not now, when? We can make this statement because utilization management is the only savings area left in your vineyard. Not only has your low-hanging fruit been picked and standardization been substantially achieved, but now your pricing is slowly disappearing. This isn’t conjecture any longer; [...]
Three Universal Truths About Price Savings
I had also believed, for many years, the dangerous myth* that price savings would be here forevermore, and then I realized that the “law of diminishing returns” (a point in time when the return on your efforts drops off dramatically and precipitously) would kick in when the healthcare marketplace matured. Well, that time has arrived [...]
How to Stay Ahead of the Healthcare Supply Savings Game
I don’t know about your hospital, system or IDN, but most of the healthcare supply chain professionals we talk to tell us that their price and standardization savings are drying up! Well, this state of affairs shouldn’t surprise you after decades of your GPOs and your own efforts to squeeze the last pennies out of [...]
Mission Possible: Building Service Expertise
We're hearing a lot of buzz in the supply chain community that the next big challenge (next to utilization management) for supply chain professionals is the management and control of their purchase service contracts. While this is a commendable undertaking from our point of view, we have a word of caution for those taking this [...]
Is there a Single Bullet Solution for Supply Chain?
I read an article this week by Joseph M. Dudas, Vice Chair of Category Management, Mayo Clinic, in the HPN Magazine where he says “The reality is that a single bullet (or solution) is not what drives the most efficient and effective supply chains. Many of the popular retailers (e.g., Wal-Mart) have developed and embraced [...]
No Magic Bullet
Savings Beyond Price -Weekly eNewsletter – June 3, 2009 Robert T. Yokl President & Chief Value Strategist No Magic Bullet Greetings, I think that there is a tendency in healthcare for supply chain professionals to seek out a “magic bullet” that will be a quick fix to ALL of our supply [...]
