AHRMM Academy: Procurement and Product Value Analysis
Supply chain professionals are tasked with keeping their health care facility running smoothly, while taking into consideration cost, quality, and outcomes. They must manage the people and processes as well as the selection of all products and services that flow into and out of a health care organization every day. Purchasing decisions must include details such as specific patient needs, green initiatives, contract status, product standardization, clinical evidence, outcomes, quality, cost and reimbursement.
Purchasing is a core function of supply chain and includes contracting for the acquisition of goods, equipment and services in the health care organization. It is critical that you are knowledgeable in the steps involved in selecting, sourcing, negotiating, contracting, and ordering supplies and equipment.
Member: $149.00 | Non-Member: $299.00
Continuing Education Credits: 6 CECs


Learning Objectives
- Identify key components of the purchasing process.
- Determine the key documents used in the purchasing process.
- Describe product selection methods.
- Explain the contract negotiation process and roles.
- Determine the key legal terms to potentially include in purchase orders and in contracts.
- Define key legal and ethical considerations.
New eLearning Experience
Discover the interactive instructional modalities that can enhance your understanding and make learning more enjoyable.






Featured Speakers
Matthew Mentel, MHA, MBA, CMRP
CEO and Strategic Partner,
Strategic Optimization and Innovation Partners LLC
Mark Terranova, MBA, CMRP
Associate Vice President Supply Chain Management,
SUNY University Hospital at Downstate
Matthew Mentel Biography
Matt is the Founder and Strategic Partner of Strategic Optimization and Innovation Partners LLC. He brings to his clients more than 30 years of experience in health care including over 24 years in supply chain leadership, strategic execution, innovation, operations, process optimization and solutions/technology. In addition, over the past 14 years Matt has been heavily involved in setting the vision, strategy and execution for the operational integration between supply chain, finance and clinical operations. Matt has held leadership roles in small and large health systems and has led initiatives from the frontline to the board of directors.
Matt is passionate about the transformation of healthcare and the leveraging of strategic assets, like supply chain, technology and finance, to enhance clinical workflow, optimize caregiver experience and improve outcomes. Matt uses his experiences and background to assist healthcare providers in establishing and ensuring strategic alignment and operational excellence across all verticals, capitalizing on industry best practice and creating a strategy for the execution of healthcare redesign appropriate for the business. This work is lifted by leveraging strong cross functional relationships, matrixed leadership, process reengineering and extensive operational and execution expertise. Matt operates under the core belief that success is demonstrated by focusing on right structure, engaged people, standardized processes, and solutions for sustainability all focused on the redesign of healthcare and enrichment of the experience for caregivers and patients.
Matt is a Certified Materials and Resource Professional (CMRP) and has been the leader and member of the Healthcare Transformation Group (HTG), the Association for Healthcare Resource & Materials Management (AHRMM) and Healthcare Information and Management Systems Society (HIMSS). He is active in the industry leading and engaging with thought leaders around the transformation of health care and the adoption of data standards. Matt received a bachelor’s degree in Management Information Systems with a Certificate in Health Information Management, a Master of Health Administration, and a Master of Business Administration from St. Louis University.
Meggan McCarthy Biography
Meggan McCarthy is the Sr. Director of Kitting & Surgical Services at Owens & Minor, where she is responsible for clinically integrated supply chain services and products related to procedural and surgical services. With 25 years of healthcare experience, Meggan has expertise in optimizing clinical and business operations, enhancing quality and financial outcomes. Previously, Meggan held senior roles at UPMC, Premier, and Northwestern Medicine, focusing on supply chain leadership, clinical sourcing, and value analysis. Meggan received her M.S. in Physician Assistant degree from the University of Saint Francis in Indiana and her B.S.N. in Nursing from Rush University in Chicago. She has also contributed significantly to PA education at Rush University and served as a Global Educator at Medtronic.
Lisa Maynard Biography
Lisa serves as Vice President of Client Services for Advantus Health Partners.
She has been a registered nurse for 25 years with degrees from the University of Pikeville and the College of Mount St. Joseph. Lisa’s roles in healthcare have ranged from bedside experience in critical care, interventional radiology, and emergency care. After 16 years of patient care, she transitioned into healthcare supply chain where her responsibilities included sourcing and value analysis for one of the nation's largest hospital systems. In her current role, she leads Advantus Health Partners Client Services team, a critical clinical resource team for members.
Outside of work, Lisa is a married mother of three. She is active in her church and serves as a youth volleyball coach.
Mark-Terranova Biography
Mark Terranova currently serves as the Associate Vice President of Supply Chain Management at SUNY University Hospital at Downstate. Since joining the organization, Mark has led a strategic revitalization of the hospital's supply chain operations. His accomplishments include the selection and implementation of a new enterprise resource planning (ERP) system (Oracle Fusion), the development of a robust item master management process, integration of contract pricing controls, and the establishment of a closed-loop system for product requests. He has effectively transitioned initiatives launched by consulting firms into sustainable, operational best practices under internal management and created a new Supply Chain Team to manage.
Prior to joining SUNY Downstate, Mark served for nine years as Vice President of Supply Chain at Grady Health System. During his tenure, he provided strategic leadership and innovative supply chain solutions across the organization. Notably, he ensured uninterrupted operations and zero stockouts during the COVID-19 pandemic by employing creative sourcing strategies and community engagement. Under his leadership, Grady exceeded its supplier diversity goals, consistently achieving over 20% of total spend with diverse suppliers.
Mark brings extensive experience across the full spectrum of supply chain management, with a track record of improving operational efficiency, reducing costs, and enhancing employee engagement. His expertise spans cost reduction strategies, strategic planning, value analysis integration (Cost-Quality-Outcomes), high-compliance physician preference item (PPI) contracting, GPO integration (Excelerate), benchmarking, capital lifecycle cost analysis, and advanced data utilization to support enterprise-wide decision-making.
Week 1 | Oct. 20-24
Week 2 | Oct. 27-31
Week 3 | Nov. 03-07
Week 4 | Nov. 10-14
Frequently Asked Questions
Explore answers to the most common inquiries about cohort topics, learning format, pricing and how this program supports your path to CMRP certification.
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The program is a comprehensive virtual learning experience designed for health care supply chain professionals to build foundational knowledge aligned with the five CMRP exam domains.
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Each cohort includes 4 weekly 1-hour live webinars, on-demand access to recordings, a self-paced eLearning course with included knowledge checks, online discussion forum posts, and a final summative assessment.
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- Procurement and Product Value Analysis
- Inventory and Distribution Management
- Information Systems and Data Management
- Finance in Health Care Supply Chain
- Strategic Planning, Leadership and Compliance
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- 4 live and on-demand webinars
- A full eLearning course with assessments
- Online discussion forums
- 6 Continuing Education Credits (CECs)
- A digital badge credential via Credly
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Members: $129
Non-members: $229 -
Earn 6 CECs.
Participants may also apply these CECs to earn up to 6 ACHE Qualifying Education Hours toward initial certification or recertification of the Fellow of the American College of Healthcare Executives (FACHE) designation. Participants in this program who wish to have the continuing education hours applied toward ACHE Qualified Education credit must self-report their participation. To self-report, participants must log into their MyACHE account and select ACHE Qualified Education Credit.
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Both! Participants earn a digital badge credential that can be displayed on a LinkedIn profile, resume or shared via email and social media, as well as a downloadable certificate of completion.
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Yes. Completion of all 5 AHRMM Academy Cohorts meets the eligibility requirements for the CMRP exam.
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To cancel your registration, email your request to ahrmm@aha.org.
- More than 15 business days before the program start date: A $25 cancellation fee will apply.
- 15 business days or fewer before the program start date: A $50 cancellation fee will apply.
Please note: No credits, substitutions or transfers will be granted under any circumstance.
Start Your AHRMM Academy Journey
Register now for the Procurement and Product Value Analysis cohort! Expand your knowledge, demonstrate proficiencies and prepare to propel your career forward.