Counting the Clinical Costs: A Roadmap to Reduce Your Implant Spend

Who really has the power in implant cost negotiations in your hospital? How do you get the strategic insights you need to gain better pricing and cost controls across your health system when every dollar counts? Richard Palarea, CEO of Kermit, joins us for this Power Supply Vendor Spotlight™ to talk about how their team created a software that prevents supplier overcharging through business and clinical rules applied to every implant supplier bill.  Rich dives into how their hospital partners can boast of a 20-30% cost reduction from previous implant spends, as Kermit takes full ownership of the implant RFP process, working together with internal supply chain resources to obtain fair market costs for implants used. Hospital supply chain needs a dedicated resource who not only knows the products being procured but has intimate knowledge of the contracting strategies of these manufacturers. And they need purpose-built technology that can automate the paper-based process and accurately manage costs. Tune in to hear how Kermit is making this a reality in facilities across the US today!

BONUS: Receive a complimentary PO analysis for the first 5 supply chain leaders who message Rich on LinkedIn (https://www.linkedin.com/in/rpalarea/). This PO analysis will show savings opportunities in leading service lines by product and manufacturer.

Learn more by visiting Kermit at https://www.kermitppi.com/

Follow them on Linkedin at https://www.linkedin.com/company/pa-&-associates-healthcare/

Check out the “Healing the Hospital” podcast here https://www.linkedin.com/showcase/healing-the-hospital-podcast/

#PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Implants #Kermit #CostControl #Collaboration #Software #SpendManagement #VendorSpotlight

One and Done? Building a Secure Supply Chain

The last couple of years have brought significant challenges in procurement of routine medical supplies with ongoing backorders, allocations and product substitutions – how can the healthcare supply chain work to build resiliency and security with strategic initiatives? After years of the healthcare industry transitioning to single-use products, many healthcare supply chains are now evaluating and moving back to reusable products as a long term solution. For instance, reusable gowns can be a reliable option to replace disposable items with more robust and better quality products that users feel more comfortable wearing. Patti Hoch discusses the benefits of these reusable products with Hays Waldrop, Garry Skinner and Justin Poulin on this episode of Power Supply, highlighting a way to build supply chain security that also provides some significant cost savings AND reduces excess waste from healthcare operations. With a Win, Win, Win, you don’t want to miss this episode!

#Sustainability #PowerSupply #Podcast #Education #SupplyChain #HealthcareSupplyChain #Healthcare #Purchasing #Contracting #StrategicSourcing #Resiliency #Reprocessing #Reusable

Moving Out(sourcing) :Third Party Logistics for Independent Reps and Manufacturers

Vendor representatives, especially those supporting cases, spend 40% of their time on logistics.  With a significant shift from W2s to 1099 representatives over the last few years, there has been a growing need for third party logistics support especially for the growing number of 1099s, as well as for the manufacturers relying on those independent reps. Hunter Fleetwood joins Hays Waldrop, Garry Skinner and Justin Poulin to kick off Season 4 and provide an “outsiders” look at utilizing 3PL by independent reps and OEM’s alike to increase the reliability of the services and support they provide to hospitals and ASCs.  Especially if you’ve carried the bag, you don’t want to miss this episode!

#3PL #ThirdPartyLogistics #PowerSupply #Podcast #Education #SupplyChain #HealthcareSupplyChain #Healthcare #Purchasing #Contracting #StrategicSourcing

Are You Experiencing “Groundhog Day” with Your Hospital’s Value Analysis Committee and Teams?

On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about that reoccurring feeling you get when you step into your supply chain meetings: “Well, we have seen the same phenomenon with hospital value analysis teams who repeat the same team meeting again and again. We have mentioned before how we frequently read the minutes of value analysis teams going back a year and then are flabbergasted by how the same items are on their agenda month after month and even year after year…” Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://lnkd.in/gzg_s8H2 Android: https://lnkd.in/g_Bs3B72 And listen at: iTunes -> https://lnkd.in/gj3HTbUG Spotify -> https://lnkd.in/gVRx6vNa Stitcher -> https://lnkd.in/gh3ZQifn Amazon Podcasts -> https://lnkd.in/gDhPJDgh Google Podcasts -> https://lnkd.in/gisj3y2R #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

3 Useful Data Analytics That Will Add Value To Your Healthcare Value Analysis Process

On this week’s episode of Power Supply Articles On-the-Go, Bob Yokl talks about three data analytics you should consider using in your day-to-day as a supply chain leader: “We are all looking for enhancements that will add value to our healthcare value analysis process without adding more time, work, or resources to generate even greater savings yields, or quality and safety improvements. The easiest, most foolproof and decision-driven way that we have discovered to meet this goal is with data analytics. Here are three useful data analytics that can change the way your hospital value analysis teams do business…” Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://lnkd.in/gzg_s8H2 Android: https://lnkd.in/g_Bs3B72 And listen at: iTunes -> https://lnkd.in/gj3HTbUG Spotify -> https://lnkd.in/gVRx6vNa Stitcher -> https://lnkd.in/gh3ZQifn Amazon Podcasts -> https://lnkd.in/gDhPJDgh Google Podcasts -> https://lnkd.in/gisj3y2R #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

Leadership Preparedness: Preventive vs. Rescue Care in Supply Chain

Who has mentored you during your Supply Chain career? How critical have they been to your professional growth? While there is a difference between coaching and mentoring, they both have an important role in developing tomorrows leaders in our industry. Hays Waldrop, Garry Skinner and Justin Poulin welcome Joe Walsh to tell us about why he got into #healthcaresupplychain, his experience as an executive coach and his own experiences being coached. Learn why change happens from the inside/out and how coaching can have an impact beyond our professional performance and enhance our personal lives as well. You don’t want to miss this the final episode of Season 3 as we finish strong!

Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://lnkd.in/gzg_s8H2 Android: https://lnkd.in/g_Bs3B72

And listen at: iTunes -> https://lnkd.in/gj3HTbUG Spotify -> https://lnkd.in/gVRx6vNa Stitcher -> https://lnkd.in/gh3ZQifn Amazon Podcasts -> https://lnkd.in/gDhPJDgh Google Podcasts -> https://lnkd.in/gisj3y2R

#ExecutiveCoaching #Mentorship #SupplyChainSherpa #PowerSupply #Podcast #Education #SupplyChain #HealthcareSupplyChain #Healthcare #Purchasing #Contracting #StrategicSourcing