Use Inventory Standardization to Improve Your Safety and Recall Alerts Program
To make good decisions efficiently, organizations need good data. We’ve all heard the idiom that one should “compare apples to apples; not apples to oranges. But what if you are not calling all of ...
Read moreA Better Way to Manage Your Supply Chain Needs
During the past year, we were reminded of the critical role that supply chain plays in clinical care and overall operations. While our industry has adapted and grown to weather the COVID crisis, no...
Read moreThree Reasons for Switching from a Manual to an Automated Value Analysis Process
The shortest distance between two points is a straight line—but when it comes to navigating your hospital’s value analysis process, has it ever been that simple? This is especially true when relyin...
Read moreOutsmarting an Impossible Medical Equipment Budget
When Washington Adventist Hospital of Maryland hired ECRI Institute to provide equipment planning services for their new 170-bed hospital, they were in a financial bind. Their Certificate of Need (...
Read moreThree Costly Pitfalls of Purchased Services Contracts
Purchased services are seen as the next great savings frontier in healthcare—and with good reason. Spend on purchased services accounts for approximately 30 to 35 percent of a hospital’s non-labor ...
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