You Get What You Pay For – There is More to Cost Than Price

Financial viability is the order of the day for hospitals and health systems. However, when looking for savings, a service or item that is the cheapest is not necessarily the lowest cost.

A recent HealthLeaders’ article, “Find Deeper Healthcare Supply Chain Savings,” which I referenced last week, looked at what a number of systems are doing in order to reduce costs in their supply chain. Main Line Health (MLH), a 1,295-bed health system with $1.4 billion in annual operating revenue was featured in the article because it has undergone an organization-wide initiative to reduce supply chain spending.

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“Skate to Where the Puck Will Be” to Improve Healthcare System Integration

MedSpeed recently published a report on the roundtable we facilitated at the 2013 Fall IDN Summit in Phoenix, AZ, the fourth in a series of symposiums we’ve conducted with healthcare supply chain leaders. We learned that most IDNs are engaged in—and some are much further along—the process of trying to figure out how to really act as integrated systems.

We discussed the strategic role that the supply chain plays in system integration, and the tangible benefits that transportation can provide for improved integration across a system. The conclusion was that an effective, reliable, centralized healthcare transportation network can help expanding systems stay physically connected.

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