STREAMLINING HEALTHCARE BLOG

Archive for Cost Management

Ask Your Distributor For Help Meeting Your Savings Targets

Ask Your Distributor For Help Meeting Your Savings Targets

Predictions for 2019 are all over the news, and it’s no surprise that healthcare providers are expected to be under continued pressure to reduce costs. As you look for ways to reduce total supply chain costs, one of the questions you may hear is “why don’t we just buy direct from manufacturers and save on [...]

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Posted in: Cost Management, How distributors make a difference

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Distributors Help Health Systems Do More With Less

Distributors Help Health Systems Do More With Less

Sixty-four percent of health systems say lowering operating costs is a top challenge, according to HIDA’s 2018 Provider Survey: Managing Growth. When it comes to cost cutting, the idea that you need to “cut out the middle man” to achieve savings is common, but eliminating a distributor would risk bringing a health system’s smooth operations to [...]

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Posted in: Cost Management, Efficient Access, HIDA Resources, How distributors make a difference, Research & Analysis

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USTR Releases List Of Chinese Imports Subject To Tariffs

USTR Releases List Of Chinese Imports Subject To Tariffs

On June 15, the United States Trade Representative (USTR) identified $50 billion in Chinese imports that will be subject to a 25% tariff. The agency has published two lists of products affected by the tariff. The first list contains $34 billion worth of Chinese goods and will take effect July 6, 2018. The second list [...]

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Posted in: Advocacy and Gov Affairs, Cost Management, HIDA News, Policy Outlook & Analysis

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Payers, Providers, And Patients Could All Feel Potential Tariff

Payers, Providers, And Patients Could All Feel Potential Tariff

Update (5/30/18): The White House has indicated it will place a 25% tariff on $50 billion of Chinese goods. The Trump Administration plans to finalize this list by June 15. By the end of that month, the administration will also announce investment restrictions and “enhanced export controls” for Chinese individuals and entities “related to the [...]

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Posted in: Advocacy and Gov Affairs, Cost Management, HIDA News, How distributors make a difference, Policy Outlook & Analysis

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Distributors Help Providers Find Savings

Distributors Help Providers Find Savings

Hospitals and health systems are increasingly looking to their distributor partners to meet the challenge of lowering costs and improving the quality of care, according to HIDA’s 2018 Horizon Report: Health System Supply Chain Strategies. Drawing on a survey of 171 integrated delivery network executives, HIDA researchers found that the vast majority (88%) of these [...]

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Posted in: Cost Management, HIDA Resources, How distributors make a difference, Research & Analysis

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Lab Providers Have Opportunities Despite Reimbursement Cuts

Lab Providers Have Opportunities Despite Reimbursement Cuts

You’ve likely heard about the Medicare payment cuts lab providers are experiencing as part of the Protecting Access to Medicare Act of 2014 (PAMA). These cuts are much deeper than initially projected – lowering payments by $670 million, instead of the expected $390 million. While these cuts are significant, many experts believe this sector is [...]

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Posted in: Conference news & updates, Cost Management, Policy Outlook & Analysis

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Providers, Patients Benefit From Supply Chain Improvements

Did you know that improving supply chain efficiency can boost patient safety? According to a recent survey by Cardinal Health, approximately 24% of hospital staff have seen or heard about expired or recalled equipment being used on a patient, while 18% recall an instance where a patient was harmed due to a lack of necessary [...]

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Posted in: Cost Management, Member Spotlights, Research & Analysis, Supply chain data trends

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Leading Lab Experts Predict Growth in Testing Despite Shrinking Reimbursements

Leading Lab Experts Predict Growth in Testing Despite Shrinking Reimbursements

While the Centers for Medicare and Medicaid Services plans to lower reimbursements for lab procedures, experts believe overall testing will grow in the coming years, due to its power to lower costs. Speakers at HIDA’s recent Laboratory & Diagnostics Market Conference commented that diagnostics presents many opportunities to generate savings. These include helping physicians appropriately [...]

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Posted in: Conference news & updates, Cost Management, Efficient Access, Medicaid/Medicaid

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