Vincent Matozzo

When contracts come due or if you are sourcing a new contract, there are opportunities to apply value analysis methods to your process to wring out more savings, dial in better quality, and improve reliability all while meeting your customers’ requirements exactly.

4

John Wright’s article about trends driving supply chain ‘reinvention’ is a great read for all who work in any capacity of the healthcare supply chain. Inflationary pressures continue to erode operating margins for health systems large and small alike. Recruiting and retention of top talent remains challenging. Our industry needs the best and brightest minds to innovate and find sustainable (and scalable) solutions to lower costs and improve margins. John’s article should resonate with sourcing professionals, value analysis teams, materials management, suppliers, GPO’s, and distributors alike.

41

2 Comments

Who is shaping the future of healthcare? Here are 10 inspiring leaders to follow 🌟 : 1. Hank Balch (Power Supply Podcast) 2. 💜Angelique Weiley Vuilleumier💜 (Supply Chain Expert) 3. Suzi Collins, CMRP (Supply Chain - AHMMA President) 4. Will Gregory (Supply Chain Blog) 5. Elizabeth McLellan (Partners for World Health) 6. Cassandra Thiel (Sustainability Expert) 7. Kara L. Nadeau (Healthcare Purchasing News) 8. Genevieve Silva, MD, MBA (Intersection Climate/Health) 9. Brian Bartel (Supply Chain Expert) 10. Kyle Tafuri (Sustainability Expert) I hope this helps! Who’s on your must-follow list? 🏥 #healthcaresupplychain #healthcare

39

10 Comments

Assurance - having access to the right products when you need them. Over the last several months, I've had the honor of leading the Assurance team at Vizient under the innovative leadership of Bill Selles. As mentioned in the podcast, "Supply Assurance is a topic that can't go on the backburner".  Vizient, Inc #Supplyassurance #Healthcare

8

Over an exciting day and a half, the AdventHealth Supply Chain team convened, igniting discussions on elevating our operations from great to preeminent. It was a time of strategic planning, robust dialogue, and collaborative spirit, as we delved into the strategies and support necessary for this continued journey. We were honored to host esteemed guest speakers @Marisa Farabaugh, @Duncan Grodack, @Jeff Graff, @Ashley Kutch, and @Sarah Azon, whose insights and expertise added immense value to our conversations. Some key takeaways from the summit include: *Embracing innovative strategies to enhance our supply chain resilience. *Fostering a culture of continuous improvement and learning. *Strengthening partnerships to support our goals. *Looking at what we are willing to take apart and put back together to continue our evolution. This summit not only reinforced our commitment to excellence but also set the stage for a future where AdventHealth leads with a preeminent supply chain that supports our mission of delivering whole-person care. A special thanks to @Olesia Korchuck, @Jean Krejci, and @Kylie Buchanan for all they did in organizing and coordinating this great event. #AdventHealth #SupplyChainSummit #Leadership #Innovation

192

3 Comments

Transforming Supplier Relationships: The Future of Mutual Accountability and Connected Data... not your Father's Supplier Scorecards... Today’s healthcare landscape requires more than traditional supplier scorecards. We're transitioning to mutual accountability matrices, fueled by real-time, connected data, reshaping how we collaborate with suppliers. Integrating suppliers into core operations is no longer optional—it's essential for greater efficiency, cost-effectiveness, and patient-centric care focus. Understanding Supplier Integration in Healthcare: Supplier integration means forming deep partnerships for operational excellence and better patient outcomes. It enables seamless communication, enhanced data sharing, and joint strategic planning, crucial for unified healthcare delivery. Key Components of Effective Supplier Ecosystems: - Collaborative Communication: Aligning on expectations, goals, and challenges for effective problem-solving. - Real-Time Data Sharing and Analytics: Predicting demand, optimizing inventory, and shortening lead times for a responsive supply chain. - Technology Integration: Using platforms like ERP systems, IoT, and blockchain for efficient data exchange and synchronized processes. - Joint Planning and Strategy: Aligning on objectives, uncovering innovation opportunities, and managing risks effectively. - Shared Performance Metrics and KPIs: Establishing common metrics for accountability and continuous improvement. Looking Ahead: Embracing supplier integration in healthcare is a critical move towards strategic partnerships for enhanced patient care and operational efficiency. Let's connect and explore how we can drive extraordinary results together. #Healthcare #SupplyChain #SupplierIntegration #PatientCare #Innovation #OperationalEfficiency #DataAnalytics #Technology #HealthcareInnovation #Partnerships

5

1 Comment

So recently I saw an article praising the supply chain leadership of a local hospital. They were bragging about their ERP and how much money they have saved with their GPO/distributor. 🤣 The revisionist History of it all. Y’all are really out here doing the very most. First off the former leadership bought that ERP without a supply chain and contracting modules and after go live had to go back to paper recs and went on credit hold with their suppliers. That conveniently didn’t make it into the article. And as snarky as I am about to be kudos to this new team for finally getting this ERP’s procurement module to work after 5 very long years. Because what that new team walked into was an absolute mess, but it also wasn’t all the former supply chain team’s fault. Ok now back to full blown snarkiness. 🤣 So the second part of the article was talking about how much money they have saved the system. Can you still call it cost savings if your supply chain team just stops stocking medical supplies and just outsource everything? Because that’s actually what this leadership does. They outsourced their anesthesia folks which is why my family member had to wait 4 days in their facility for surgery because it would have been two weeks wait for outpatient. Why because anesthesia folks only worked until 5pm every day in a level 1 trauma center. Didn’t know you could schedule trauma but ok learn something new every day. 🙄 But this same hospital released another family member this spring with out the pediatric crutches they needed and was like good luck kid, may the odds forever be in your favor. And listen thank God for Amazon and the “Momma Nerwork” and absolutely no thanks to this supply chain team. For once I can’t even drag their distributor (my former employer) because when I called my former teammate, she was more helpful than the hospital was, and distributors only stock what is bought from them. 🤷🏼‍♀️ And, for future reference don’t you dare question this hospital’s supply chain team about anything, because their VP’s will just use LinkedIn DM’s to threaten you with the whole “you don’t know who I know” nonsense. Getting care in facilities ran like this is truly like the hunger games these days, and then people wonder why hospitals are always doing hiring fairs. 🙄

1

The pandemic taught the world how critical supply assurance is in healthcare and other industries. I had a great conversation with Janette Wilder from HPN to talk about where we've been, where we are, and where the industry needs to go related to assurance. https://lnkd.in/gNmUGjee

71

4 Comments

Do you work in healthcare supply chain? This is a great article for any specialists. In healthcare supply chain it can be difficult to predict and prepare for patient intake. However, anticipating disruptions like this in advance can ensure hospitals are able to provide care to all the patients who come in. Some of the most recent reccomendations from the FDA include contacting supply chain specialists who can provide emergency assistance, stocking up on materials, and tracking the impact of hurricane risk in your area. With the current hurricane season across the nation, it is essential to be proactive and prepare for an excess of patient and treatment needs. With a flexible and prepared supply chain, we can be there when it matters most. #healthcare #SupplyChain #hurricane #HealthcareSupplyChain

11

1 Comment

Fresh off the press: Premier Inc.’s 2024 Supply Chain Resiliency Report. Over the past four years, #healthcare supply chains have faced an unprecedented number of complex and compounding challenges rarely seen throughout history. In this report, hundreds of leaders from both healthcare provider and supplier organizations provided valuable perspectives, actionable insights and comprehensive recommendations to strengthen the healthcare supply chain today and for the future. ➡️Download Premier's 2024 Supply Chain Resiliency Report now to see the full survey data, and how Premier is enabling a stronger supply chain for the industry: https://lnkd.in/eQf84m4V

48

In recent years, many GPOs have been acquired or exited the market, pushing health systems into exclusivity agreements. But do these contracts truly benefit your supply chain and patient care? Advantus works well as a secondary GPO to give health systems top-tier partnerships that complement their full supply chain needs. Dan Hurry, president of Advantus Health Partner, says, “A GPO that handcuffs you from options is not your partner. To drive value, you need options.” Just like consumers need both Trader Joe’s and Target, health systems need multiple GPOs to access the best deals and partnerships. Exclusive GPOs can’t offer top value in every category. Advantus offers vetted vendor partnerships with GE HealthCare, HHS, LLC, Medline Industries, LP, SupplyCopia, and more, along with unique PPI contracts negotiated directly. These options not only lower costs but also enhance patient care. Learn how Advantus’s partnerships can elevate your supply chain and patient care. https://lnkd.in/g7JygEN7 #Healthcare #SupplyChain #GPO #PatientCare #AdvantusHealthPartners

13

🚀 Supply Chain Leaders 🚀 The rise of telehealth has revolutionized patient care, making healthcare more accessible and convenient. However, the success of telehealth hinges on an efficient and responsive supply chain. Here’s how the healthcare supply chain is evolving to meet the demands of telehealth: Ensuring Equipment Availability 📦 For telehealth to be effective, patients and healthcare providers need reliable access to medical devices, diagnostic tools, and communication equipment. A streamlined supply chain ensures that these essential items are readily available. Optimizing Last-Mile Delivery 🚚 The last-mile delivery of medical supplies to patients' homes is crucial for telehealth services. Innovative logistics solutions, such as same-day delivery and specialized packaging, ensure that patients receive their supplies promptly and in optimal condition. Integrating Technology and Data 📊 Advanced technologies like IoT, AI, and data analytics are being integrated into the supply chain to track and manage inventory, predict demand, and optimize delivery routes. This technological integration enhances efficiency and reduces delays. Maintaining Supply Chain Resilience 🔄 Building a resilient supply chain is essential to handle disruptions, such as those caused by the COVID-19 pandemic. Diversifying suppliers, investing in robust inventory management systems, and developing contingency plans help ensure continuity of care. Supporting Remote Patient Monitoring 📱 Remote patient monitoring relies on a steady supply of wearable devices and sensors. The supply chain plays a key role in ensuring that these devices are available, functional, and can be quickly replaced if needed. Emphasizing Cybersecurity 🔒 As telehealth and supply chain systems become more digitized, safeguarding sensitive patient data and ensuring secure communications is paramount. Implementing strong cybersecurity measures protects against data breaches and cyber threats. Enhancing Patient Experience 🌟 An efficient supply chain contributes to a positive telehealth experience by minimizing delays and ensuring that patients have everything they need for their virtual consultations and ongoing care. Fostering Collaboration 🤝 Collaboration between healthcare providers, suppliers, and logistics partners is key to optimizing the supply chain for telehealth. Strong partnerships enable better coordination, risk management, and innovation. Telehealth is here to stay, and the healthcare supply chain must continue to evolve to support this transformative approach to patient care. By leveraging technology, enhancing resilience, and focusing on patient needs, we can create a more efficient and effective healthcare system. #Telehealth #SupplyChain #HealthcareInnovation #RemotePatientMonitoring #LastMileDelivery #DataAnalytics #Cybersecurity #PatientExperience #HealthcareTrends #DigitalHealth

14

3 Comments

When working with a consulting firm, it’s not about how many layers you have to go through—it’s about getting straight to the right people. At ClinOps Consulting, we make sure you’re connected to the people who can make things happen. Whether it’s an operational issue, a clinical concern, or a compliance question, you won’t be bouncing around departments. You’ll have direct access to me for any organizational needs, our clinical team for client care, and our compliance expert to ensure everything stays on track. No red tape. No runaround. Just the right support when you need it!!!

8

In healthcare, modifying procurement practices has helped keep hospitals and other organizations alive, especially since COVID-19. However, the future will demand in-depth decision-making that falls into the laps of the C-suite. It's time for executives to make sure that supply chain strategy is a priority before a new crisis demands their attention. #SupplyChain #Healthcare #SupplyChainStrategy

29

2 Comments

Supply chain management plays a pivotal role in driving efficiency, cost-effectiveness, and patient-centered care in healthcare. Jimmy Chung, MD, MBA, FACS, FABQAURP, CPE, CMRP of Advantus Health Partners shares in an article with Simedics (The Journal of mHealth) his insights on the transformative journey toward patient-centered supply chain management, emphasizing the need for standardization, reduced waste, and a commitment to broader social and environmental responsibilities in healthcare. “A patient-centered healthcare system should be standardized toward best practices, so as a patient you can expect similar, reliable outcomes. That is the key not only to supply chain but to a health care system that keeps its community healthy.” Read the article here: https://lnkd.in/eJZBKCft #HealthcareSupplyChain #ClinicalTransformation #Sustainability #AdvantusHealthPartners

50

2 Comments

💡New #Avalere Study 💡Do #340B contract pharmacies serve patients in rural areas? Do 340B hospitals contract with chain or independent pharmacies? Our team crosswalked a couple of data sets to get some snapshots of trends in contract pharmacy use in 340B to inform the ongoing debate in Congress. Reach out to learn how we can help you with policy design and analytics. #drugpricing #drugs #lifesciences

7

💥 Supply Chain Leaders 💥 Do you want to optimize your surgical supply savings?! Here are some proven strategies to optimize surgical supply savings: Standardize Inventory 📋 Implement standardization across surgical supplies to reduce variability and streamline inventory management. Collaborate with clinical staff to select a core set of preferred products based on efficacy and cost-effectiveness. Leverage Data Analytics 📊 Use data analytics to monitor usage patterns, identify waste, and uncover cost-saving opportunities. Implement electronic health records (EHR) and inventory management systems to track supplies in real-time. Engage in Strategic Sourcing 🤝 Negotiate with suppliers to secure bulk purchasing discounts and favorable terms. Consider joining group purchasing organizations (GPOs) to leverage collective buying power for better rates. Enhance Vendor Relationships 🔗 Build strong partnerships with vendors to explore cost-saving initiatives and gain insights into new, cost-effective products. Regularly review vendor performance and contracts to ensure the best value for the hospital. Implement Just-in-Time Inventory 🗂️ Adopt just-in-time (JIT) inventory practices to reduce excess stock and minimize storage costs. Use demand forecasting to ensure the availability of critical supplies without overstocking. Promote Efficient Usage ⚖️ Train surgical teams on efficient supply usage and waste reduction practices. Conduct regular audits to identify and address areas of excessive or unnecessary supply usage. Invest in Technology Solutions 💻 Utilize automation and tracking technologies for inventory management, order processing, and supply chain visibility. Implement RFID and barcode systems to improve accuracy and reduce manual errors. Collaborate with Clinical Teams 👩‍⚕️👨‍⚕️ Involve surgeons, nurses, and other clinical staff in decision-making processes regarding supply selection and usage. Foster a culture of cost-awareness and shared responsibility for supply management. Monitor and Review Regularly 🔍 Establish key performance indicators (KPIs) to track supply costs and savings. Conduct regular reviews to assess the effectiveness of implemented strategies and make necessary adjustments. What approaches have you found effective in managing surgical supply costs in your organization? Share your thoughts and experiences below! 👇 #SurgicalSupplySavings #HealthcareManagement #HospitalOperations #CostOptimization #SupplyChainManagement #ClinicalCollaboration #HealthcareInnovation #InventoryManagement #PatientCare

18

4 Comments

Questions on navigating the IRA? We are here to help! Please send me a message and we can schedule a 30 minute call to discuss.

2