Analyze your contracts and spend data to identify savings opportunities.COVID-19 is continuing to devastate hospital volumes, revenue, and operating margins. Hospital operating margins for January–November 2020 were 56% lower compared ...
Supply Chain Articles
Supply Chain Resources
Analyze your contracts and spend data to identify savings opportunities.COVID-19 is continuing to devastate hospital volumes, revenue, and operating margins. Hospital operating margins for January–November 2020 were 56% lower compared to the same period in 2019. ...
In a Healthcare Purchasing News article published Feb. 17, 2021, TractManager’s Barry Dyer talked about the precautions supply chain personnel should take in dealing with their suppliers, especially in view of pandemic-induced financial pressures.
“The pandemic ...
In a Healthcare Purchasing News article published Dec. 21, 2020, TractManager’s Eric Slimp and Michael Costantini offered their views on how supply chain administrators in healthcare organizations can look for savings in the realm of purchased services. They ...
In a Healthcare Business Today article published November 8, 2020, TractManager Chief Sales Officer Jamie Oakes advises healthcare organizations to boost their pandemic-stricken bottom lines by being more aggressive in negotiating with their suppliers.
Facing a ...
Make Smarter Decisions, Faster. Automate Your Product Decision-Making With MedApproved. With tighter budgets and supply chain staff working remotely, committees need to be able to review information, discuss the options, and make collaborative decisions virtually ...
In the July 2020 Purchasing Insights column of DotMed Healthcare Business News, R&A Advisor Kaitlyn Wilkie, MBA, points out that “hospitals have moved mammography system and upgrade purchases to the ‘back burner’ as they shift resources to combat COVID-19.” The
Beginning the Journey to Hospital Financial Wellness – While hospitals and health systems have gotten better at promoting healthy habits and preventive strategies for common threats to individual and population health, they have struggled to maintain their own ...
Chief Nursing Officer Kristin Stitt’s article, “How hospitals in contingency mode can leverage time to improve their supply chain,” which appeared in Healthcare Purchasing News in April 2020, counsels hospitals to take the time to examine business processes that ...
No medical student has ever asked the dean to consider adding a few courses on supply chain management to the curriculum. Yet the input of clinicians is crucial when a hospital or system is considering which products to acquire. Forcing physicians to attend
Measure It to Manage It: Beginning the Journey to Hospital Financial Wellness
The financial health of your healthcare organization needs to be your top priority. Analyze clinical, financial, and operational data to uncover opportunities to improve your processes, systems, and bottom line.