Tag: Inventory management

Federal grant cuts threaten hospital disaster readiness

Editor's Note Eliminating the Federal Emergency Management Agency’s (FEMA’s) key disaster preparedness grants could weaken hospital infrastructure and jeopardize care during future crises, according to a May 5 report in Modern Healthcare. As detailed in the article, the Trump administration has cut $3.3 billion in annual funding by ending the…

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By: Matt Danford
May 8, 2025
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Medtech giants move fast to blunt tariff impact without raising prices

Editor's Note Medtech companies are scrambling to contain the financial damage from rising tariffs without passing costs onto hospitals, according to a May 2 report in Modern Healthcare. Executives from industry leaders including Johnson & Johnson, GE HealthCare, and Intuitive Surgical outlined mitigation efforts during recent earnings calls, with most…

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By: Matt Danford
May 6, 2025
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ASCA 2025: How accounting becomes an ASC revenue generator

Editor's Note Terry A. Bohlke, MSHA, CPA, CMA, CASC, emphasized that Rocky Mountain High Surgery Center is a pseudonym “to protect the innocent,” but the numbers he presented at the 2025 Ambulatory Surgery Center Association (ASCA) Conference & Expo in Denver last week were real enough. Based on actual scenarios…

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By: Matt Danford
May 6, 2025
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How dialogue, data bridge the OR-SPD information gap

In the OR, precision and focus can mean the difference between life and death. However, surgical patient outcomes hinge on more than the competence of those working in these inherently intense environments. Every procedure also depends on the laborious, behind-the-scenes efforts of the people responsible for ensuring every surgical instrument…

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By: Stephanie Reda
April 29, 2025
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Proactive strategies help healthcare supply chains withstand tariff pressures

Editor's Note Tariffs on medical equipment and supplies continue to climb—a situation that calls for action on the part of healthcare organizations, according to an April 23 article from nonprofit safety organization ECRI. The article highlights ten proactive steps organizations can take to protect both care quality and the bottom…

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By: Matt Danford
April 28, 2025
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Survey: Tariffs expected to increase hospital costs, disrupt supply chains

Editor's Note Rising tariff-related costs are expected to significantly impact hospital budgets and healthcare supply chains, according to a March 27 report in Becker’s Hospital Review. The article focuses on a recent survey conducted by Black Book Market Research in January before the US enacted 25% tariffs on Canadian and…

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By: Matt Danford
March 31, 2025
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Bipartisan bill would expand presidential trade authority over medical goods

Editor's Note The bipartisan Medical Supply Chain Resiliency Act would grant the president expanded authority to negotiate trade deals and modify tariffs on medical goods, according to a March 14 report from Fierce Healthcare. The bill, backed by pharmaceutical and healthcare industry groups, aims to strengthen the US medical supply…

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By: Matt Danford
March 20, 2025
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Session: Anchors Away: 5 Strategies to Right-Size Your Inventory and Improve Supply Contracts

Editor's Note As executive director of the Association for Health Care Resource & Materials Management (AHRMM), Michael Schiller, CMRP, gets regular insight into strategies employed by healthcare organizations, suppliers, technology leaders and frontline staff—insight he was happy to share with OR business Management Conference attendees in a February 11 presentation.…

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By: Matt Danford
February 13, 2025
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Session: Cracking the Code: Innovative Hacks for Preference Card Management and C-Suite Support

Editor's Note Outdated and inaccurate preference cards cost hospitals millions of dollars in delayed surgeries wasted supplies—but with the right strategy, they can become a powerful tool for efficiency and cost reduction. This was among the main takeaways of a 2025 OR Business Management Conference presentation from Jason Goodwin, MPH,…

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By: Matt Danford
February 12, 2025
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Session: Crew Incentives: 3 Guiding Principles to Leverage Value Analysis Teams

Editor's Note Jasmine Hampton-Nicholson MSN, RN, CNOR, learned the value of a value analysis team (VAT) the hard way. “I thought that we had a very solid process for our value analysis team,” said the VP of perioperative services at Temple University Health System in a presentation at 2025 OR…

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By: Matt Danford
February 12, 2025
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