In 2014, AHRMM hosted the first Cost, Quality, and Outcomes (CQO) Summit to bring healthcare thought leaders together and discuss particular supply chain issues and concerns. The results of those conversations were used to develop the first task force and to shape the agenda for the second CQO Summit, held in 2015.
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Increasing federal regulation compliance costs and declining reimbursements have compressed hospital profitability. This is leading hospitals to turn to Supply Chain to reduce direct costs for supplies, devices, drugs, and purchased services. Traditionally Supply Chain has aggressively pursued these cost reductions through price reduction tactics. These techniques, however, are yielding diminishing savings returns.
This paper explores the application of the Baldrige Excellence Framework to the health care supply chain. Specifically, the paper will explore the reasons that the Baldrige Framework might be used to evaluate and improve supply chain systems and processes. An examination of the need of a systems perspective will be followed by a brief overview of the Baldrige program.
The Supply Chain Role in Supporting Exceptional, Cost-Effective Health Care (Sponsored White Paper Provided by Vizient)
The challenges facing health care today are not going away any time soon. Uncertainty in regulation, payment models, population health, aggregation and consolidation mean that hospitals have to perform at elite levels organization-wide, and that includes supply chain. Amidst the uncertainty, some truths remain:
The white paper written as a result of the AHRMM Executive Thought Leader Summit held during the AHRMM14 Annual Conference & Exhibition in Orlando, Florida. Download Now
The paper presents healthcare supply chain tools and strategies for navigating the Cost, Quality, and Outcomes (CQO) Movement, and explores new initiatives designed to advance the supply chain from a transactional program to a strategic contributor to organizational success.