Hospitals are facing increasing pressure from CMS and commercial payers to lower spending while providing high-quality care amid the shift to value-based reimbursement. Leaders often turn to the supply chain, which represents one of the largest hospital expenses, to reduce waste and gain efficiencies. Unfortunately, most hospitals lack the tools to turn this goal into a reality.
Hospitals need access to clear data to provide visibility across the supply chain. Moreover, they need sophisticated data analytics that can help managers in the supply chain and departments such as cardiovascular or the operating room make data-driven decisions in real-time. However, nearly two-thirds of hospital executives say they lack the advanced modeling techniques required to make informed clinical and operational decisions, according to research from GHX Research.
Fortunately, there are solutions that help supply chain leaders gain visibility into the true cost of supplies and how the supply chain affects on patient outcomes. Several hospitals, including Centennial, Colo.-based Centura Health, have demonstrated through partnerships with Cardinal Health how data-driven decisions and open communication between clinicians and supply chain leaders help hospitals save money and take better care of patients. With such solutions, hospitals are positioned to better predict, trend and analyze product utilization information at every touchpoint throughout the supply chain.
Join us for a webinar sponsored by Cardinal Health and hosted by Becker's Hospital Review on March 16. Attendees will learn how the shift from volume- to value-based reimbursement affects the supply chain; how effective inventory management can influence critical decisions; and how the right data can help hospitals better analyze and predict supply needs.