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Healthcare Disrupted: Applying High Reliability Concepts to Realize Better Operating Margins
November 8, 2018 @ 12:00 pm ESTFree
High reliability is being used by healthcare organizations across the country in an effort to reduce medical errors and improve patient safety. However, to truly reduce errors and improve financial and operational performance across a health system, high reliability concepts should be adopted by all departments across an organization, both clinical and operational.
Supply chain management accounts for all hospital expenses outside of labor. True cost reduction strategies are grounded in value—or cost, quality, and outcomes (CQO)-based supply management—the key driver in creating a sustainable financial model. As hospitals evolve and adapt to value-based, patient-centered models, their supply management strategy must evolve as well. This webinar will discuss the cultural and operational transformation that is required to ensure that your supply strategy is aligned with your organization’s quality and financial goals.
- Develop a supply chain transformation model that employs a high reliability and CQO approach
- Using this model, learn how to create an agile, strategic supply chain that takes a holistic approach to expense management through clinical integration, verified performance targets, and budget accountability
- Cultivate and establish executive alignment at multiple levels, from the board to executives to supply chain
- Understand the change management required to address the organizational redesign and cultural shifts necessary for this transformation to occur
Speakers: Kenneth Scher, Assistant Vice President & Milrose Mercado, Vice President