The Last Word
Chazal and Makhanik
How Leading Hospitals Gain the Best Value From Optimized Inventory Management and Supply Spend How the Right Metrics, Combined with the Right Inventory Management Technologies, Ensure Accurate Data Collection and Analytics that Enable Providers to Optimize Their Inventory and Supply Spend Arnold Chazal, CEO, and Lana Makhanik, COO, VUEMED
The Problem: Inadequate Metrics and Poor Inventory Management Tools Typically, supplies and devices represent the second largest line item in the budget of most hospitals’ specialty procedure or interventional areas (ORs, Cath Labs, etc.). Yet, in the majority of organizations, the management of these pricey supplies is the responsibility of each individual department, which too often has inadequate inventory management expertise, resources, processes, tools, and technologies to enable it to perform well and get measurable results. Moreover, hospital supply chain organizations have traditionally focused on basic inventory management metrics or measurements (e.g., turnover, order fulfillment), or financial metrics (e.g., % supply cost per patient discharge) to guide them in the control and management of their stock.
Volume 6/Issue 1
Healthcare Value Analysis & Utilization Management Magazine
38
