STREAMLINING HEALTHCARE BLOG

Archive for Cost Management

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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Healthcare Continues to Add Jobs While Providers Seek Top Talent

Healthcare Continues to Add Jobs While Providers Seek Top Talent

Staffing is a major challenge in all segments of the healthcare industry, according to HIDA’s Market Surveys. Attracting talented personnel was the number one concern for skilled nursing facility executives and the fourth leading concern for hospital leaders. Physician office managers also expressed workforce concerns, identifying “recruiting/retaining highly qualified physicians” and “physician burnout” as challenges [...]

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Posted in: AMS Webinars & Training, Cost Management, Research & Analysis

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Why Supply Chain Efficiency Is More Relevant Than Ever

Why Supply Chain Efficiency Is More Relevant Than Ever

Back in 2013, HIDA released a white paper outlining the role healthcare manufacturers and distributors can serve to help providers achieve efficiency through leaner, streamlined supply chain practices. Even today, this message still resonates within our industry, as evidenced by a recent RevCycle Intelligence article. Check out the article to see how it relates to [...]

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Posted in: Cost Management, Efficient Access, HIDA News, How distributors make a difference, Supply chain data trends

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Get On Board With Contract Price Management

Get On Board With Contract Price Management

I recently read an article about contract price management in AHRMM’s Supply Chain Strategies & Solutions Magazine. Contract price misalignment leads to unnecessary labor and costs not just for healthcare providers, but for all trading partners involved. The article highlights the need for more contract pricing automation, of which data standardization is a crucial element. Check out [...]

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Posted in: Best Practices, Cost Management, Special Features

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Getting More Value From Distributors on GPO Contracts

Getting More Value From Distributors on GPO Contracts

This week I was on Hospital Associates’ Insiders Blog reading about the various ways the company works to bring the most value to their customers every day. Many healthcare providers work with GPOs to maximize shared buying power among multiple healthcare facilities, but what they may not realize is they can squeeze even more value from [...]

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Posted in: Best Practices, Cost Management, Efficient Access, How distributors make a difference, Member Spotlights

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Getting the Most From Your Distributor Relationships

At the SMI Spring 2015 Forum in Dallas, TX, I had the opportunity to hear Paul Higday of Owens & Minor discuss ways for providers and manufacturers to get the most value from their distribution relationships in light of current and future market perceptions. Paul illustrated the fragmentation of healthcare supply chains by explaining how [...]

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Posted in: Cost Management, Efficient Access, How distributors make a difference, Member Spotlights, Supply chain data trends

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