Category Archives: Supply Chain tool vendors

Consolidation Trend Continues: Tufts Medical Center and Lowell General Hospital Forming System

Tufts Medical Center and Lowell General Hospital are joining forces to form a new health care system they say will offer lower-cost medical services from Southern New Hampshire to south of Boston at a time of changes sweeping through the industry. The alliance would link a 415-bed Boston teaching hospital that has been scrambling for a niche in the fast-consolidating market with one of the state’s largest community hospitals. Lowell General, which two years ago took over a crosstown rival, Saints Memorial Medical Center, has 434 beds on two campuses. Under terms of a tentative agreement approved by both boards, each nonprofit [...]

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University of Kentucky Hospital Joins Virginia Purchasing Collaborative

The University of Kentucky Hospital in Lexington, Ky., announced  today that it has joined the supply chain collaborative established  by the University of Virginia Health System in Charlottesville, Va., and VCU Medical Center in Richmond, Va. In 2007, the two Virginia hospitals combined their purchasing efforts and began working with UHC and its supply contracting company, Novation. The University of Kentucky Hospital will now also benefit from the power of combined purchasing volume, which will help all three hospitals reduce their costs. University of Kentucky Hospital, University of Virginia Health System, and VCU Medical Center are all participants in UHC Supply Chain Intelligence, through which they have access to an extensive portfolio of product [...]

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Friday Rant: Something Old, Something New, Something Borrowed…

What happened to the good ol’ days –you know, when SCM vendor marketing budgets were properly anemic? SAP announced the concept of a “Supply Chain Control Tower” a little over a week ago at its supply chain conference in Las Vegas. If you’re curious about what it is, here’s my stab at it: Great marketing. Dammit, it’s a control tower not a dashboard! And because most of us in the SCM space have little experience dealing with a well-financed, first degree marketing assault, it will probably work —and that’s a good thing. If nothing else, it is validating the work of [...]

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Direct Contracting Trend: aptitude Signs the West Coast Purchasing Coalition (WCPC)

Late yesterday, aptitude announced that the West Coast Purchasing Coalition (WCPC), a 22-member hospital network spanning Arizona, California, Hawaii, Oregon and Washington, will be using the company’s direct contracting solutions. Since launching nearly a year ago, aptitude’s contracting speed –time to value– has proved to be the big attraction.  Shortening the contracting cycle from several months to an average of 38 days  has been cited repeatedly by aptitude customers as the marketplace’s most distinguished and compelling benefit, and the coalition expressed the same sentiment:  ”The ability to contract efficiently is a necessity in our business, and the aptitude platform can provide that functionality,” said Bob Hemker, Palomar Health’s [...]

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Premier Acquires MEMData –New Capabilities To Help Providers Reduce CAPEX and Construction Costs

Premier, Inc. PINC +0.22% today announced it has acquired MEMdata, LLC, an equipment planning, sourcing and analytics business focused on capital equipment needs for existing medical facilities, as well as those under construction. The addition of MEMdata’s capabilities is expected to enhance Premier’s ability to drive meaningful supply chain savings for its hospital and health system members in the high-cost areas of construction and capital equipment acquisitions. “Capital equipment is a large-spend category that presents challenges for our members since products are purchased infrequently and technology changes rapidly,” said Premier President and CEO Susan DeVore . “Capital equipment planning is an [...]

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In Search of the Perfect Order?

Realizing an ambitious goal makes us feel good. Setting a goal and failing to live up to it doesn’t. While procurement organizations continue to make great strides in placing additional spend under management, the lofty expectations that originally drove the early rush to P2P automation have been lowered on certain fronts. Yes, it’s easy to point to less-than-stellar implementations and/or technologies that just weren’t up to task, but there are other culprits—like the danger in placing too much focus on process and/or our tendency to take a “permanent breather” after a failed attempt. In short, while process efficiency/automation is obviously [...]

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Applied Analytics: Deloitte Survey Reveals Forensic Mindset Needed to Assess Supply Chain Risks

As complexity in global supply chain networks continues to increase, less than one-third (26 percent) of business executives are using data analytics tools and processes to help manage third party relationship risks, according to a new Deloitte survey. Thirteen percent of those surveyed are still learning how to use analytics software and 22 percent use no data analytics at all. “Many market leading companies leverage advanced data analytics tools and forensic accounting to identify anomalies in their transactional data,” said Mark Pearson, principal, Deloitte Financial Advisory Services LLP. “Using a forensic mindset when analyzing big data can provide value to [...]

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Single Use Devices (SUDs) –Sustainability and Cost Savings Creating Perfect Storm For Demand Growth

The size of the medical disposables market is massive and still growing. According to a recent report by Freedonia Market Research Group, “US demand for disposable medical supplies is forecast to increase 4.3 percent annually to $46.7 billion in 2016.” From general surgical tools to the most commonly used in specialized orthopedic and arthroscopic applications, single use devices (SUDs) have found their rhythm under the cover of “sustainability,” of all things. And because it’s now fashionable to make a case for change on the basis of cost savings –if nothing else– the SUD manufacturers are experiencing a perfect storm in customer [...]

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FORTUNE Magazine Names Owens & Minor “2014 World’s Most Admired Company”

Owens & Minor, Inc. (NYSE:OMI) announced that it has been named to the “2014 World’s Most Admired Companies” list by FORTUNE magazine. The annual “World’s Most Admired Companies” list measures nine attributes related to financial performance and corporate reputation and is based on company surveys and peer ratings. For 2014, Owens & Minor was ranked fourth in its category, Healthcare Wholesalers. “The selection of Owens & Minor as one of the world’s most admired companies is a direct reflection of the dedication and expertise of our teammates, who serve our healthcare provider and manufacturer customers with great skill every day,” [...]

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The Journey to Value-Based Care: ConvergeHEALTH and NNEACC Providing Direction

I had a chance to catch up with Brett Davis, CovergeHEALTH’s General Manager and Jason Girzadas, Deloitte’s National Managing Director for Life Sciences and Healthcare, shortly after the company’s recently announced relationship with the Northern New England Accountable Care Collaborative (NNEACC). That led to my conversation with Dr. David Wennberg, CEO of the NNEACC, who was kind enough to provide details for this post. We previously covered the launch of ConvergeHEALTH by Deloitte. Briefly, ConvergeHEALTH is greater than the sum of Deloitte’s practiced parts. It is more because a) the new company’s foundation is built on specific and significant new investments in data integration [...]

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GHX Begins Restructuring One Week After Its Acquisition

GHX  is “restructuring” its workforce, company officials confirmed Tuesday. When asked about layoffs, GHX officials would not comment on how many of the company’s employees were affected. But as of yesterday, GHX had not yet notified the Colorado Department of Labor and Employment of any such reductions, so who knows? Of course, what’s interesting is that the action comes just a week after  PE firm Thoma Bravo completed its acquisition of the company. “Today, GHX realigned its organization to strategically invest and position the company for growth across its global operations,” GHX officials said in a statement e-mailed to the Daily Camera [...]

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Medical Startup News: ActualMeds Wins Venture+ Forum at HIMSS 2014

Late last week, ActualMeds, a provider of web-based platforms to facilitate patient data collection and automate coordination of care for medication management in patients with chronic diseases, announced it was selected as the winner of the 2014 Venture+ Forum pitch contest for startups at this year’s HIMSS Conference. At this year’s Venture+ Forum, ActualMeds was one of 20 pre-selected companies that were given the opportunity to pitch their products, services and solutions to a panel of leading experts in healthcare investment, business and technology. “Many times, the only opportunity a healthcare provider has to engage complex patients is at the [...]

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aptitude’s Early Adopters Like the Simplicity —and Speed to Savings

Smooth and quick are not adjectives typically associated with healthcare, especially in the supply chain arena. But when Massachusetts based supplier AliMed began adopting aptitude as one of its contracting platforms, they quickly saw the benefits of working within an environment that drives parties to quicker and better informed decisions. “It’s a clear path that drives to resolution within a 30-day window,” said Peg Fradette, AliMed Sr. Vice President of Sales. “In the analog world you’re sending RFIs, RFPs and there’s a seven to twelve month wait period. So the simplicity of aptitude was very appealing to our sales team [...]

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VHA Announces Marketing Agreement with Care Logistics

Late Friday, VHA announced an agreement with Care Logistics. Through this agreement, VHA is now offering Care Logistics’ Hospital Operating System (HOS), a logistics-based centralized care coordination model and technology system, to its member hospitals nationwide. The HOS optimizes patient throughput from admissions to discharge, improving care quality and patient satisfaction. The system includes:  Hub-and-Spoke Care Coordination Model, which redefines roles and processes to ensure that everyone providing patient care does the right, most productive things, at the time across all departments Patient Logistics processes and software to help ensure that patients, rooms, beds and transport are always ready Order Logistics, [...]

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The Debate Over The FDA’s Newly Proposed Rule Covering Generic Drug Labeling

Legislators are gearing up to debate the merits of a new proposal by the U.S. FDA to change the way generic drug labels are updated to reflect newly discovered safety risks. Those “for” and “against” have recently turned up the volume on their arguments. Indeed, the FDA’s comment period ends today. Briefly, the FDA’s new rule would permit generic drug manufacturers to temporarily update the labels on their products if they suddenly became aware of new safety issues that might pose a risk for consumers. Those updates, which would be done through the submission of a Changes Being Effected (CBE) [...]

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Thoma Bravo Completes GHX Acquisition

San Francisco and Louisville, Colo. – March 11, 2014 – Thoma Bravo, LLC, a leading private equity investment firm, has completed its acquisition of Global Healthcare Exchange, LLC (GHX), a provider of connected, intelligent healthcare supply chains. “GHX is one of the most significant companies in healthcare today because of its focus on enabling better patient care and billions in savings for providers and suppliers in the healthcare community,” said Seth Boro, managing partner at Thoma Bravo. “We wanted to partner with GHX and its management because the company is leading the charge in transforming the healthcare industry supply chain model to deliver cost [...]

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