Supply Chain

Hospitals could save $25.4B annually in supply chain costs, study finds

Hospitals cumulatively spend $25.4 billion more than necessary each year on supply chain expenses, according to a Navigant study. By Kelly Gooch - 10/19/18

3 steps to create a clinically integrated supply chain

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In a world of narrowing margins and reimbursements, the supply chain is a proven target for reducing waste and saving money. Supply chain professionals work diligently to improve not only the price of products, but also seek innovative new ways to identify and reduce supply chain waste, such as product standardization and inventory management automation.

FDA schedules hearing to discuss solutions to drug shortages

The FDA has scheduled a Nov. 27 public hearing in Washington, D.C., to discuss possible solutions to drug shortages affecting patients and hospitals nationwide. By Alia Paavola - 10/16/18
Minnesota hospitals face critical shortage of pain medications: 5 things to know

Several Minnesota hospitals are struggling to maintain adequate supplies of critical care drugs, including the pain medications needed for surgery and recovery, according to the StarTribune. By Alia Paavola - 10/15/18

Podcast Sneak Peak: Insights from a Health System Leader on what makes a Champion of Change in Supply Chains

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In a recent interview, Joe Swartz, the administrative director of business transformation for Franciscan St. Francis Health, spoke about his organization’s ten years of effort in engaging every staff member in “kaizen,” or continuous improvement.

The first self-fitting hearing aid, a blood compatibility test & more: 5 latest FDA approvals

Here are five drugs or medical devices that have been approved by the FDA since Oct. 5: By Alia Paavola - 10/12/18
Senate Democrats question if FDA's digital health pre-certification will 'compromise public safety'

Three Democratic senators are requesting additional information about the FDA's Pre-Cert for Software Pilot Program, a streamlined regulatory pathway for digital health technologies that the agency unveiled in July 2017. By Jessica Kim Cohen - 10/12/18
Blood bank issues urgent call for donors in wake of Hurricane Michael

LifeSouth Community Blood Center, a major blood supplier to hospitals in Florida, Alabama and Georgia, is urging the public to donate blood after Hurricane Michael slammed the region, the company tweeted Oct. 11. By Alia Paavola - 10/11/18
Supply chain tip of the day: Invest in professional development for your pharmacy staff

Hospital executives should promote and support the professional development of their pharmacy staffs, especially as PharmD program enrollment drops, C-suite positions for pharmacy leaders emerge and pharmacists begin to lead more strategic initiatives, said Matthew Wolf, group vice president of pharmacy healthcare solutions at AmerisourceBergen. By Alia Paavola - 10/11/18

Why Hospitals Should Celebrate their Supply Chain Professionals

Celebrating the hardworking professionals who contribute to our healthcare supply chain. By Cardinal Health - 10/9/18
AHRMM kicks off healthcare supply chain week

National Healthcare Supply Chain Week, sponsored by the Association for Healthcare Resource and Materials Management, recognizes the crucial role supply chain professionals play in delivering high-quality patient care while reducing costs for their organization. This year, the celebration takes place Oct. 7-13. By Alia Paavola - 10/8/18
MiMedx allegedly kept cheaper products from VA hospitals: 6 things to know

MiMedx Group, a Marietta, Ga.-based biopharmaceutical company that is a major supplier to government-run hospitals, allegedly left cheaper products out of its offerings to Veterans Affairs hospitals across the nation, according to The Wall Street Journal. By Alia Paavola - 10/5/18
A drug to fight antibiotic resistance, a cancer-detecting test & more: 4 latest FDA approvals

Here are four drugs or medical devices that have been approved by the FDA since Sept. 28: By Alia Paavola - 10/5/18

US hospitals pay up to 6 times more for medical devices, study finds

U.S. hospitals spend more on prescription drugs than their peers in European countries, and the same is true for medical devices, a new study published in Health Affairs suggests. In some cases, hospitals in the U.S. paid six times more for a medical device than their European counterparts. By Alia Paavola - 10/5/18
New pharma advocacy group defends high drug prices: 7 things to know

A new pharma advocacy group is defending high prescription drug list prices and speaking out against insurers and pharmacy benefit managers, STAT reports. By Kelly Gooch - 10/4/18
9 things to know about the hospital-owned generic drug company

Seven major health systems joined forces to form a nonprofit generic drug company, named Civica Rx, to address drug shortages and combat the rising price of medications. By Alia Paavola - 10/4/18
The importance of a consignment model to manage specialty pharmaceuticals

Specialty pharmaceutical growth poses unique challenges for hospital pharmacies. Effectively managing these high-cost therapies that often have unpredictable volume requires a different inventory management model than traditional pharmaceuticals. By Shayna Korol - 10/4/18
Supply chain tip of the day: Establish a specialty pharmacy strategy to improve operations, patient care

Hospital pharmacies are uniquely positioned to help health systems achieve greater operational efficiency and improve patient care. By Alia Paavola - 10/4/18
4 ways the FDA is tackling medical device security, according to Commissioner Dr. Scott Gottlieb

FDA Commissioner Scott Gottlieb, MD, unveiled four steps the agency is taking to strengthen its cybersecurity program for medical devices Oct. 1. By Jessica Kim Cohen - 10/2/18
The answer to cutting cost while expanding your pharmacy's services? Remote pharmacy models, says this Cardinal Health leader

In a new environment stacked with seemingly competing goals, hospital leaders are facing more pressure to simultaneously cut costs, expand services and lead new clinical initiatives. By Alia Paavola - 10/2/18
A preventive migraine treatment, surgical fluorescence & more: 4 latest FDA approvals

Here are four drugs or medical devices that have been approved by the FDA since Sept. 21: By Alia Paavola - 9/28/18
FDA: Researchers who submit false clinical trials data might be fined

The FDA is considering imposing financial penalties on researchers who submit false data to the government's clinical trials database, according to a draft guidance posted to the Federal Register Sept. 21. By Jessica Kim Cohen - 9/25/18

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