For instance, Community Hospital in McCook, Neb., was able to save approximately $532,000 in fiscal year 2012 ended June 30 in supply spend and other areas by using a custom package of services put together by Community Hospital Corp., according to a CHC case study.
Here are nine tactics used by CHC:
1. Join group purchasing organization to reduce supply costs while streamlining the procurement process.
2. Conduct a coding audit, pricing analysis and chargemaster renew.
3. Drive a cultural shift to encourage shared resources and fewer redundancies.
4. Appoint physicians to the hospital board to strengthen communications and lend clinical expertise.
5. Conduct an IT platform cost-of-ownership analysis.
6. Renegotiate managed care contracts.
7. Optimize reimbursement from federal and state programs.
8. Monitor labor expenses to maximize staff productivity.
9. Shift the responsibility for preoperative supply chain management from clinicians to the hospital’s materials management department to create less waste.
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Community Hospital in Nebraska Saves $532k by Adjusting Supply Strategy
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