Improving Hospital / Medical Inventory Management

All C-Level and high-level hospital executives know the significance of effective hospital and pharmacy inventory management practices in the supply chain, yet many of the most experienced and focused managers struggle to get the job done. Perhaps it’s because of the...

Outdated Medical Products – Is Your Facility at Risk?

Keeping track of expiration dates on the tens of thousands of products in your facility is a daunting task. Using proper stocking and product rotation methods helps minimize the risk that an outdated item will make its way into a patient. However, it only takes one...

Banks Like Accurate Numbers

Are you looking for financing for a Capital Improvement Project? Need to improve your Balance Sheet? Clinical Supplies are often treated as expensed items and not as assets. These supplies can account for 17% to 40% of your operating budget. Why would you not want to...

National Survey – OR Cancellations

According to a recent national survey, “Nearly half (40 percent) of respondents revealed they’ve actually canceled a case, and more than two-thirds (69 percent) have delayed a case because of missing supplies. Furthermore, 27 percent have seen or heard of an...

Are You Maximizing Your Inventory Data Potential?

Do you view your Physical Inventory requirements as a burden to be performed?   Is your PI simply an accounting requirement with little benefit to daily operations?    Is your PI just an annoyance that takes your staff away from their primary task devoted to patient...

Achieving Inventory Consistency in a Hospital Group

During this climate of Mergers and Acquisitions in Healthcare, major decisions are being made based on data that is inconsistently collected, verified and reported.  Materials Management accounts for up to 50% (or more) of your operating expense, but consistent...

Bumps in the Road

  Clean Clinical Data is like a Picture, Road Map, and a Guide with Warnings! Yes, clean fresh data offers a visual of what is going on in your inventory. Where is it really, and is it positioned to peak performance/efficiency? Is it in an equipment room?...