Clean supply data reveal savings opportunities

Like most hospital systems. Genesis HealthCare System, in Zanesville, Ohio, spends a lot on supplies--up to $75 million annually. Like other hospitals, we used to have difficulty researching how the money was being spent because the condition of our supply spend data wouldn't easily allow such analyses. We had 12,000 individual products in our item master file, yet we couldn't rely on our supply spend database to determine what our total spend was in major product categories or where we could save costs. Genesis recently completed a data cleansing project with a third-party supply chain partner that understood our challenges. Within four months. we were able to identify how we could save almost $500,000. The results reinforced our view that the supply chain is a key area to drive savings, versus serving as a cost center.

Article From: Findarticles.com
Clean supply data reveal savings opportunities
Page: 1 < 2 > 3 > 4 > 5