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February - 2009 GPO, Provider & Supplier

Jim Dausch - NCI

We hope you find this issue of the NCI - GPO, Provider, Supplier - Newsletter a valuable resource.

IN THIS ISSUE:

Upcoming Events

Articles and Comments

Inventory Management

Corporate Accounts Survey

How to Work the FAH



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Inventory Management - Clinical Supply

Inventory management in the clinical care areas of hospitals is a matter of serious concern. The fact is, even many of the best hospitals do not have accurate, up-to-date data about the supplies they're buying, using, and storing in operating and emergency rooms, pharmacies, cath labs and other facilities. It's a costly problem, to be sure. At any given time, the average 350-bed hospital has roughly $2 million in clinical supply inventory in its operating rooms alone. Yet up to 30% of the items - or $450,000 in inventory - may not be in the item master. These items were likely purchased without the benefit of approved contract discounts, which could have reduced the cost by 20% or more. At a time when hospitals are doing everything possible to contain costs, that's simply wasted money.

"MHS took what had historically been an almost impossible task and broke it down into the simplest elements," said Tim Weldon, VP of Materials Management for UHS. "They understood the problems we faced and addressed them and then built a rock-solid, 100% defined process that ensures accuracy."

The nation's third largest hospital company, Universal Health Services (UHS), recognized that they needed to seek a partner to help them tackle a significant problem with their clinical supply chain process.

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Survey -Compliments of StratCenter


Upcoming Events

March 1-4, 2009

Federation of American Hospitals - Public Policy Conference and Business Exposition [Register]
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March 31 - April 2, 2009

IDN Summit and Expo
[Register]
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April 13-17, 2009

2009 MedAssets Healthcare Business Summit
[Register]


Articles and Comments

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Newsletter Articles and Comments



How to Work the Federation of American Hospitals Meeting

The Federation of American Hospitals (FAH) will hold their Annual Public Policy Conference and Business Exposition at the Marriott Wardman Park Hotel in Washington, DC, March 1-4, 2009.

Why is this important to you? Supplier partners will join GPOs and IDNs for almost three full days of networking opportunities. The Federation strives to provide a venue for a productive work environment, as well as a good educational environment, for healthcare buyers and suppliers. This is accomplished through educational sessions, exposition time and social functions. For the suppliers, the meeting is a real treat and value, as the buying group representatives (customer) is working the exposition Service Center (booth). This format does two things:

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