Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
Understanding Competitive Trends
By Dr. David Edward Marcinko MBA MEd
[Editor-in-Chief]
Improved management of the supply chain has long been a focus in many industries; it is now having an impact on the healthcare industry.
For instance, one study has shown that hospitals in the United States have been more successful than hospitals in France in reducing levels of supplies inventory.
Just In Time Inventory Management
Just-in-time approaches to inventory management can improve financial performance. Improved supply chain management can reduce costs by eliminating unnecessary delays and eliminating defects in healthcare supplies.
Competitive Trends
Current competitive trends will likely make supply chain management more important. For example, the emergence of complementary medicine has implications for the supply function in hospitals, as these therapies require supplies of rather exotic items such as acupuncture needles, herbs, beads and so on. Of course, DME is the obvious example.
Thus, improvements in patient care often require concomitant improvements in operations management processes.
Patient Focused Care
Improving the quality of care using patient-focused care can also improve the financial performance of a facility. Patient-focused care not only refers to a holistic approach to care, but it also refers to the re-engineering of processes to facilitate patient care. This re-engineering may lead to increased efficiency of healthcare providers that result in lower costs.
In another example, in an effort to provide patient-focused care, a hospital may conduct job analyses leading to cross-training of personnel and the elimination of the duplication of performance of tasks.
Strategic Management Improvement
SCM Dr. DEM SAMPLE
Conclusion
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PHYSICIANS: www.MedicalBusinessAdvisors.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- BLOG: www.MedicalExecutivePost.com
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
Share this:
Filed under: Practice Management | Tagged: alternative medicine, david marcinko, healthcare logistics, Patient Focused Care, supply chain management |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
Emergency Room Patients Tracked With RFID Tags
Excellent post, and did you know that eHR vendor Meditech is integrating its system with Awarepoint’s tracking software for better emergency care?
http://www.informationweek.com/news/healthcare/EMR/231901224
Samuel
LikeLike
DME
The Obama administration just said that it would vastly expand the use of competitive bidding to buy durable medical equipment [DME] for Medicare beneficiaries after a one-year experiment saved money for taxpayers and patients without harming the quality of care.
Granted, I’m biased. But, we have been beating the drums for the idea of competitive bidding for some time now.
Dr. David Edward Marcinko MBA CMP™
http://www.CertifiedMedicalPlanner.org
LikeLike
Supply Chain
[Optimization through Collaboration]
Here, a panel of hospital leaders and other experts discuss how organizations can reduce costs and enhance the value of their supply chain
http://www.hhnmag.com/display/HHN-news-article.dhtml?dcrPath=/templatedata/HF_Common/NewsArticle/data/HHN/Magazine/2014/Jul/exdia-supply-chain-optimization&utm_source=daily&utm_medium=email&utm_campaign=HHN
Sam
LikeLike
Supply chain collaboration tested as more ACOs form
With so many organizations making up your accountable care organization, the need for a collaborative approach to supply chain purchasing is leading organizations to lean on analytics tools and new chains of communication to keep costs in check.
http://www.healthcarefinancenews.com/news/supply-chain-collaboration-tested-more-accountable-care-organizations-form?mkt_tok=3RkMMJWWfF9wsRogu6%2FLZKXonjHpfsX56O0kXK6zlMI%2F0ER3fOvrPUfGjI4HT8tgI%2BSLDwEYGJlv6SgFQ7LHMbpszbgPUhM%3D
Rocky
LikeLike
Gartner: 10 Top Ranking Healthcare Supply Chains
1. Intermountain Healthcare (Salt Lake City)
2. Cardinal Health (Dublin, Ohio)
3. Mayo Foundation (Rochester, Minn.)
4. Mercy (St. Louis)
5. McKesson (San Francisco)
6. Owens & Minor (Richmond, Va.)
7. CVS Health (Woonsocket, R.I.)
8. Johnson & Johnson (New Brunswick, N.J.)
9. AmerisourceBergen (Chesterbrook, Pa.)
10. Cleveland Clinic
Source: Becker’s Hospital Review
LikeLike