ROI: Look Beyond Financial to the Intangible Benefits

I was very heartened by a conclusion drawn at the recent HealthLeaders’ CFO Exchange. Apparently, these healthcare CFOs together reached the conclusion that ROI is more than financial.

A report from that roundtable specifically discussed the implementation and costs associated with Electronic Health Records (EHR). One of the CFOs said, “It’s hard or nearly impossible to justify the investment needed for a state-of-the-art EHR with hard-dollar savings.” He went on to point out that to really look at the return on investment: “You have to look beyond that to the intangible benefits, the improvements in delivery of care and positioning your organization to be competitive in the future.”

Read More

If it’s not your core competency: Outsource it

This third installment stemming from the round table discussion with supply chain leaders that MedSpeed recently hosted is focused on outsourcing.

In our session, participants reiterated what we have heard in previous discussions: healthcare is their specialty, not transportation. Operating an in-house courier network or managing multiple third party couriers steals valuable time and resources from a health system’s ability to focus on its core competency of high quality patient care. Moreover, the shift towards outsourcing in order to become more nimble and to more effectively manage resources is thematically applicable to other non-core functions within the health system.

Read More

Winds of change: As health systems expand, so must transportation operations

Here is the first of four installments stemming from the round table discussion with supply chain leaders that MedSpeed recently hosted.

One of the hottest topics the group discussed is how rapidly U.S. health systems are changing. Care is moving beyond the four walls of the hospital and health systems are growing quickly through acquisitions and strategic partnerships.

Hospitals and health systems will look very different tomorrow than they look today. Given that the reach of systems is much further than it was, managing the supply chain amidst constant growth creates a big obstacle.

What our supply chain leaders had to say, in their own words:

“I see a complexity that wasn’t there even a year or two ago. What used to be a very simple courier system

Read More

What Do Healthcare Supply Chain Managers Think? Part II – Introduction to our second roundtable discussion

In the spring, we conducted a roundtable discussion with top healthcare supply chain leaders to discuss their healthcare transportation needs. We had a lively, two hour discussion that left us with a key takeaway: supply chain leaders are looking for ways to transform their healthcare transportation operations from a tactical, commodity-based service to a strategic asset that can help them better navigate the changing healthcare landscape.

With the rapid changes we are experiencing in healthcare, we decided to conduct a follow up to see if the discussion has changed. So, at the 2012 Fall IDN Summit in Phoenix, AZ, we gathered another group of top healthcare supply chain leaders and asked them to talk about their current supply chain and healthcare transportation needs and challenges. 

Read More
Google+