Name
Financial Operations Track: Disrupting the Supply Chain
Date & Time
Monday, April 16, 2018, 4:00 PM - 5:15 PM
Location Name
National Ballroom B
Speakers
Jeffrey Ashkenase
Executive Vice President
Acurity, Inc.
Jay Fligstein Senior Vice President Acurity, Inc.
Lori Pilla Senior Vice President, Strategy/Performance Improvement Kaufman Hall
Jay Fligstein Senior Vice President Acurity, Inc.
Lori Pilla Senior Vice President, Strategy/Performance Improvement Kaufman Hall
Description
In 2014, Deloitte forecasted that only 50 percent of the health systems operating at that time would remain independent by 2024. In a recent HealthLeaders Media survey, 87% of the respondents said their organizations were expected to explore potential deals and/or complete deals that were underway in the next 12–18 months. As the healthcare merger-and-acquisition movement has grown, hospitals and health systems work to make sense of the value-based care models being encouraged by the CMS and other payers. While these partnerships help to address new payment models and related financial obstacles, such as the outpatient shift and increased competition from freestanding clinics, they also bring added operational challenges.
The impact of involving supply chain at the outset of these initiatives is significant. Failure to sync the purchasing practices of each hospital—or hospital and practice—can translate into major differences in contract pricing, purchasing, and distribution methods (to name a few), ultimately increasing operating costs. Part 1 of this session will address how health systems have successfully defined, restructured, evolved, and transformed supply chain value as they merge, acquire, and integrate care delivery. The presenters will highlight how this new landscape has transformed relationships, what the advantages of scale are, and the impact on GPO leverage. Gain an understanding of current market trends (acute and non-acute, owned/leased/managed), and how value is defined and created (cost and utilization savings, evolving value analysis, etc.).
Then hear from an expert in supply chain innovations who will share a number of the disruptions that are most likely affecting you on a regular basis. Changing regulations, rapidly changing technologies, market conditions, and other competitive pressures are among the common disruptors in supply chain. Discover the steps you can take to help forecast and prepare your supply chain for these types of possible disruptions. Review the unique risks involved with each of these types of disruptions, and what your supply chain can do to mitigate these risks.
Learning Objectives:
1. Define ways to create supply chain value as health systems grow and expand.
2. Describe three key learnings that will include strategies, critical success factors, and examples of savings and performance improvement.
3. Identify methods of preparing for possible disruptors and how to mitigate risk.
1. Define ways to create supply chain value as health systems grow and expand.
2. Describe three key learnings that will include strategies, critical success factors, and examples of savings and performance improvement.
3. Identify methods of preparing for possible disruptors and how to mitigate risk.