Hospital Finance

5 Steps To a Lean Hospital

The main guiding principle to Lean Healthcare enabled through technology is to create the right value for our patients, colleagues, physicians and organization as a whole with minimum effort. Simply put,  work smarter, not harder and with a value driven sense of purpose. Everyone should be aware of how their part ties into the organization […]

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Lean Resource Management Tip #1: How To Get 4X More Value Out of Your Value Analysis Team

A Value over Volume Approach Most Healthcare organizations non-salary expense initiatives are focused on lowering the price of the products, services and technologies that they are purchasing. However a word of caution, you are working harder and receiving much less than some of your peers are. It seems our industry has always been so focused

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Massachusetts General Hospital Achieves Results with Mobile Aspects Integrated RFID Supply Cabinets

Mobile Aspects RFID TechnologyIncreases Charge Capture by 25% and Reduces Inventory Stock-Outs At Massachusetts General Hospital PITTSBURGH, PA – November 3, 2010 – Mobile Aspects announced today that Massachusetts General Hospital (MGH) has fully implemented its radio frequency identification (RFID) enabled supply automation system to store, track, and manage medical devices and supplies used for

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Mobile Aspects customers save $2M annually by eliminating expiration costs

It’s estimated that clients using Mobile Aspects supply management technologies are reducing waste in healthcare delivery by eliminating nearly $2 million annually in inventory expiration costs. In an environment where ongoing cost pressures are forcing care providers to maximize efficiency, these cost reductions are creating significant value. In the brief video aside, a Mobile Aspects

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Leveraging Supply Chain Leadership to Build Organizational Advantages 3) Value Analysis

As we continue our overview of AHRMM’s roundtable discussion it is becoming more evident that members of the supply chain have the unique ability to make significant contributions to organizational cost reduction goals. One way of doing this is through an emphasis on value analysis. Value analysis and standardization committees are being increasingly used to

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Supply Management Strategies: Value versus Volume

The word “value” can mean many different things to many different people.  For healthcare providers using Mobile Aspects RFID based supply storage and tracking systems it has come to mean impressive ROI’s and an unprecedented level of insight in the form of accurate, real-time data. At the heart of our supply management systems design is

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Leveraging Supply Chain Leadership to Build Organizational Advantages 2) Leveraging Technology

One thing is abundantly clear after reviewing AHRMM’s recent roundtable comprised of healthcare supply chain thought leaders.  Investment in new technologies will greatly improve efficiency within the healthcare supply chain empowering it to drive out waste and inefficiencies which plague many organizations today. Simply saying new technologies will eliminate waste is simply a broad starting

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Leveraging Supply Chain Leadership to Build Organizational Advantages: 1) Data Standardization

Although many may perceive healthcare to be delivered at a local level, healthcare is by nature a global sector.  Specific to supply chain management, the requisition and delivery of goods is often crossing borders and inventories are being filled with any number of products from different manufacturers, wholesalers, and distributors.  Aside from the external complexities

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Leveraging Supply Chain Leadership to Build Organizational Advantages

Recently, The Association for Healthcare Resource and Materials Management (AHRMM) of the American Hospital Association (AHA) held a round table discussion comprised of Healthcare Supply Chain thought leaders.  The Round table was convened as a means of engaging supply chain leaders in discussions that would generate concepts and ideas for advancing the industry in the

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