Financial Performance Track
Focusing on the fiscal health of your organization while meeting the demands for superior patient care remains a challenge.  With new financial models, changes in the way payments are being made, and stringent goals for reducing expenditures, financial decision makers face numerous critical decisions every day.  Designed to target executives with direct responsibilities for financial management, contract negotiation and product pricing decisions, the sessions in this track will help you develop and implement financial strategies that will have a positive impact on both patient experience and the bottom line.
Monday, September 17, 2018
1:00 PM - 2:15 PM
Grand Canyon 7

Supply utilization savings can make a big difference in your organization’s bottom line.  Utilization savings are not always as obvious as price savings and they are sometimes harder to monitor.  Implementing and maintaining a coherent supply utilization process is crucial, and can increase awareness of product fluctuations, uncover product quality issues, and result in significant hidden savings.  

This panel of supply chain experts will share methods of tracking and monitoring how products, services, and technologies are being used within their IDN.  They will detail best practices for implementing automatic and systematic tracking systems, monitoring trends, and increasing awareness among your staff regarding the importance of scrutinizing the use and efficiency of the thousands of products, services, and technologies your organization utilizes on a daily basis.  Participants will leave with the tools and resources necessary to facilitate and drive cost reduction opportunities through improved standardization, utilization, price leveling strategies, and value analysis.  

  Learning Objectives:

  1. Compare and contrast methods of supply utilization that can reduce costs and improve patient care.
  2. Explain the importance of supply utilization in ensuring best in-use cost.
  3. Identify three ways to identify and track clinical product use patterns.
Timothy T Miller CMRP, MBA
Vice President Supply Chain Shared Services

Monday, September 17, 2018
2:30 PM - 3:45 PM
Grand Canyon 7

With rapidly increasing competition, changing market forces, and pressures to cut costs, supply chain executives must use data in new ways to improve efficiencies.  But finding better methods of collecting data, measuring performance, and accurately auditing the results can be challenging.  Data must be transparent and reportable in order to make informed decisions.   Leaders must be able to outline analytics and custom reporting to improve contract compliance, achieve savings opportunities, and measure ongoing progress.

Hear from supply chain leaders who will discuss strategies to help you:

  • determine and prioritize processes in a consistent and transparent method
  • manage risk more effectively by thoroughly analyzing your supply chain’s data
  • outline practical methods of solving the data inconsistencies that result from multiple facilities and multiple information systems
  • identify the role of technology in data collection and the characteristics of good performance metrics
  • understand how accurate and insightful data can help create opportunities for you to improve efficiency that will result in concrete savings for your organization. 

Learning Objectives:

  1. Outline best practices for identifying key metrics for measuring supply chain performance beyond cost reduction.
  2. Explain the importance of transparent data and how new technology is improving the opportunities for obtaining it.
  3. Describe how to leverage data to implement a meaningful data analytics strategy.
Tony Ybarra CMRP
SVP CHC Supply Trust
Community Hospital Corporation

Monday, September 17, 2018
4:00 PM - 5:15 PM
Grand Canyon 7

The ongoing search for innovative ways to source savings has resulted in an increase in the number of systems exploring the possibility of using Consolidated Services Centers (CSCs).  Once considered to be an option for larger systems only, today organizations of smaller size and lower budgets are looking for new value opportunities, including CSCs, but how can you determine if it is worth the investment that must be made? 

CSCs could offer benefits in the areas of sourcing, manufacturing, transportation and more in order to provide lower costs, better standardization, increased efficiency and improved patient care. Panelists will discuss their experiences with the CSC business model, the pros and cons, why location matters, how technology is improving the performance of CSCs, best practices, and trends on the horizon.  Hear experienced supply chain professionals share how the use of a CSC has impacted their organization’s current and future operations. Whether you already use a CSC or are considering whether a CSC might be right for your organization, in this session you’ll gain realistic insights into effectively harnessing the efficiency and innovation that CSCs can provide, while avoiding possible pitfalls. 

Learning Objectives:

  1. Identify the administrative challenges in the operation of a consolidated service center.
  2. List the complex supply chain components that are driving some hospitals to use consolidated service centers.
  3. Specify how consolidated service centers can give hospitals better pricing power and distribution control.
Dennis Mullins MBA
SVP Supply Chain Operations
Indiana University Health