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More than Medical Supplies: How Baptist Health Transformed Supply Chain Strategy to Enhance Patient Care | ||
By: PR Newswire Association LLC. - 16 Nov 2018 | Back to overview list |
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NORTHFIELD, Ill., Nov. 15, 2018 /PRNewswire/ -- When Baptist Health signed a five-year prime vendor distribution agreement with Medline in 2014, Kentucky's largest not-for-profit health system expected a significant return on its new breadth of medical products. The self-manufactured product portfolio not only delivered flexibility but rapidly sparked buzzworthy savings — nearly $8.2 million to date and growing. "Everything we do in supply chain is for the patient," says Cindy Gueltzow, Baptist Health's executive director of supply chain services. "When we reduce our expenses and meet our budgetary goals, it's easier for us to procure capital equipment such as MRI's and upgraded cardiac cath labs. Reducing costs by removing unnecessary clinical variation not only helps us meet our budget, it improves our delivery of care." Patients, System Win with New Savings Strategy "Medline and Baptist Health teams are constantly challenging each other to find new ways to drive behind-the-scenes savings to support clinicians and patients," says Senior Vice President of Acute Care at Medline Brian Motter. "Baptist Health has an evolving patient base and some demographic differences amongst its facilities. Our goal is to use the nimbleness of Medline to find even more ways to help the system over the next five years." Smart Solves for Everyday Obstacles Additionally, Medline's Put-Away-Ready™ Program for low unit of measure cart supply delivery, is being utilized at Baptist Health Lexington, Baptist Health Louisville and Baptist Health Richmond hospitals. The ability to remove touchpoints from the distribution process and streamline delivery times across far-flung facilities has saved Baptist Health millions in spending on non-clinical items, which will be reallocated toward patient care. "The improvement in inventory management over the past few years has been remarkable," said Steve Oglesby, Baptist Health's chief financial officer. "A key benefit is improved customer service to our physicians and other clinicians by ensuring access to the right supplies at the right place, at the right time, at the right price. Accomplishing this requires efficient and effective daily management. The system has also benefited from lower inventory carrying costs as expired, damaged or lost items are reduced, as well as better expense-revenue matching, which improves financial statement reporting and cost accounting data." Co-Create for Future-State See how Medline and Baptist Health are working together to improve patient care through supply chain solutions at https://youtu.be/JmyizfmcXsg. Learn how Medline tailors solutions across the entire continuum of care as a strategic partner at https://www.medline.com/pages/supply-chain. About Medline About Baptist Health View original content to download multimedia:http://www.prnewswire.com/news-releases/more-than-medical-supplies-how-baptist-health-transformed-supply-chain-strategy-to-enhance-patient-care-300751831.html SOURCE Medline |
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Copyright 2018 PR Newswire Association LLC. | Back to overview list |