Supply Chain

Transforming Hospital Supply Management with iRISupply: The Future of Efficient Healthcare

April 1, 2024 / The Business of Surgery, Supply Chain /

In the fast-paced environment of hospitals, managing supplies and implants efficiently is not just a matter of organization—it’s critical for patient care, operational efficiency, and financial health. Enter iRISupply, a cutting-edge software tool designed to revolutionize how healthcare facilities manage their most crucial resources. What is iRISupply? iRISupply is a robust, user-friendly software system that […]

Transforming Hospital Supply Management with iRISupply: The Future of Efficient Healthcare Read More »

The Crucial Role of Inventory Turnover in Hospital Supply Chain Efficiency

October 29, 2024 / Hospital IT, Hospital Management, Supply Chain, The Business of Surgery /

As healthcare paradigms continue to shift, hospital executives are increasingly focused on reducing costs and improving efficiency. One of the most scrutinized areas in this effort is the hospital supply chain, particularly the management of surgical implants and supplies, which constitute a substantial portion of overall supply costs. Traditionally, a top-down approach—where physicians dictate stock

The Crucial Role of Inventory Turnover in Hospital Supply Chain Efficiency Read More »

How a Software Solution Can Help Automate the Bill-Only Item Process in Hospitals

October 12, 2021 / Supply Chain, Clinical Documentation, Hospital Finance, Revenue Cycle, The Business of Surgery /

The healthcare supply chain has come a long way over the past few decades. For most hospitals, the supply chain included mainly manual processes for obtaining resources, managing supplies, and delivering goods and services to providers and patients. Because there are thousands of products and services that go through a hospital’s supply chain, along with

How a Software Solution Can Help Automate the Bill-Only Item Process in Hospitals Read More »

How Hospitals Can Help Offset the Rising Costs of Heart Valve Replacement Surgery

October 12, 2021 / Hospital Finance, Hospital Management, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

Due to an aging population, the number of patients with heart valve disease requiring valve replacement is expected to rise, reaching more than 800 000 annual procedures worldwide by 2050. The total cost of these surgeries is expected to grow by 10% through 2025, reaching over $10 billion. The cost of an average heart valve to

How Hospitals Can Help Offset the Rising Costs of Heart Valve Replacement Surgery Read More »

The Growing Cost of Medical Implants and How Proper Inventory Management Can Help

September 15, 2021 / Hospital Finance, Hospital Management, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

Costs of medical implants are growing rapidly and according to one recent estimate, the medical implants market reached $89.2 billion in 2020 and is growing at 6.5% annually. As implants are a required, rapidly growing expense for the healthcare industry, hospitals should manage their implant inventory consciously. Surgery is an expensive and complicated endeavor, and

The Growing Cost of Medical Implants and How Proper Inventory Management Can Help Read More »

Nurses Face Severe Challenges With Supply Chain Issues

October 12, 2021 / Hospital Finance, Hospital Management, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

A new survey conducted by Sage Growth Partners revealed that a vast majority of nurses feel overwhelmed with supply management tasks and are looking for better software tools to help alleviate the burden. The survey reached out to over 100 nurses – 50 nurse leaders and 50 front-line nurses – and asked them a series

Nurses Face Severe Challenges With Supply Chain Issues Read More »

How Supply Chain in the Healthcare Industry has Evolved, and Where It’s Going From Here

April 16, 2021 / Hospital Finance, Revenue Cycle, Supply Chain, The Business of Surgery /

Healthcare supply chain management has come a long way. Just a decade ago the supply chain in hospitals included mainly manual processes for obtaining resources, managing supplies, and delivering goods and services to providers and patients. Now, most hospitals no longer rely on manual processes to keep track of their supplies. While there are still

How Supply Chain in the Healthcare Industry has Evolved, and Where It’s Going From Here Read More »

Fitch Ratings Foresees Dark Days Ahead For Hospitals

December 24, 2020 / Cost Reduction, Hospital Finance, Operational Efficiency, Supply Chain, The Business of Surgery /

Covid-19’s recent resurgence is straining already struggling hospitals that were showing recovery signs in the 3rd quarter of 2020. With the increasing infection rates of Covid-19 around the country during the holiday season, a combination of voluntary and forced reductions of elective procedures is negatively impacting hospitals’ bottom line. Hospital operating margins suffered severely during

Fitch Ratings Foresees Dark Days Ahead For Hospitals Read More »

Report Shows That Hospital Margins Continue To Shrink During Pandemic

December 4, 2020 / Cost Reduction, Hospital Finance, Hospital Management, Operational Efficiency, Supply Chain, The Business of Surgery /

With Covid-19 showing no signs of abating, and with the pandemic most likely consuming the US healthcare system for the next 6-12 months, hospitals and healthcare systems must continue to rein in costs in order to operate profitably for the short- and medium-term. Even after Covid-19 is finally under control, it may take some time

Report Shows That Hospital Margins Continue To Shrink During Pandemic Read More »

Texas Health System Successfully Reprocesses N95 Masks Using Hydrogen Peroxide

November 5, 2020 / Cost Reduction, Hospital Finance, Hospital Management, Infection Control, Operational Efficiency, Patient Safety, Supply Chain, The Business of Surgery /

With the US projected to continue to have a shortage of N95 masks for the duration of the Covid-19 pandemic, several hospitals are testing various methods of sterilizing masks to enable multiple uses. Researchers at the Memorial Hermann – Texas Medical Center in Houston recently oversaw a series of tests where N95 masks were reprocessed

Texas Health System Successfully Reprocesses N95 Masks Using Hydrogen Peroxide Read More »