Who Moved My Stent? Manage your cath lab inventory efficiently!

Transcription

1 Who Moved My Stent? Manage your cath lab inventory efficiently! Ken Shastany, RN, MSN Strategic Solutions Cardinal Health Inventory Management Solutions May 12, 2016

2 Welcome Who moved my stent? Manage your cath lab inventory efficiently! Today s Presenter Ken Shastany, RN, MSN Strategic Solutions Cardinal Health Learning objectives: Explain how supply chain efficiencies help accurately manage, track, and monitor high-value procedural inventory and reduce waste and variability. Describe how RFID-enabled inventory management solutions drive rapid improvements and enhance staff satisfaction and safeguard patients. Tell the story of how the Cardiovascular Institute at Florida Hospital gained greater control of their cardiovascular suite inventory. 2

3 Agenda Trends driving change in the cardiac cath lab today Challenges of managing your inventory Impact on your own facility Overcoming these challenges with automation Success story: Florida Hospital Cardiovascular Institute 3

4 About Cardinal Health Recognized leader in healthcare supply chain transformation Ranked in the top 2 by Gartner for transforming the healthcare value chain to meet new challenges around costs, revenue and outcomes Unparalleled understanding of healthcare value chain Nearly 100 years of experience serving hospitals Supporting nearly 4,000 leading healthcare systems 40+ years of leading supply chain solutions A passion for innovation and managing the business of healthcare, so our clients can get back to the business of healing 4

5 Trend: reimbursements at risk Transition to value-based purchasing (VBP): changing the management of high-cost cardiac cath labs High exposure to VBP reimbursement measures: 6 of 19 directly impact cath lab setting or post-procedure Evaluation of reimbursement is based on: Quality of Outcomes, Clinical Process of Care and Patient Experience Greater scrutiny: CV financial and quality performance Loss of 50 to 60 patients in 1 year Drains $500,000 to $600,000 of hospital revenue Source: ICTPost, 5

6 Trends: volume increase and scope Consolidated Services Growing Complexity Transcatheter aortic valve replacement (TAVR) over (SAVR) Renal denervation to treat drug-resistant hypertension Ventricular septal defects (VSDs) Cardiac assist devices LVAD and BIVAD Source: ICTPost, 6

7 The goal: lower costs, better care Safety & Quality of Care Lower Costs Clinical and Operational Excellence for better experience Across the continuum of care 7

8 Polling Question How is your facility currently managing high cost cardiovascular inventory? (may choose multiple items) 1. No formal system (intuition) 2. Manual (periodic physical inventory) 3. Automated cabinet system 4. Barcode system 5. RFID tracking solution 8

9 Impact on your cath lab Pressure to reduce spending and costs while improving quality of outcomes Operational challenges Regulatory issues Negative events Increase in the need for better care coordination and patient care 9 Source: Deloitte Center for Health Solutions. The road to value-based care. 2015

10 Changing the culture Better control of high cost PPI Items Build more trust and collaboration Advanced Data Analytics 10 Source: Deloitte Center for Health Solutions. The road to value-based care. 2015

11 5 major barriers in the cardiac cath lab Emotional stocking Manual processes Charge capture inaccuracies, Expired, obsolete and recalled products Consignment Cardinal Health. All Rights Reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks

12 Polling Question Where are your major barriers to inventory management in the Cardiac Cath Lab? (may choose multiple items) 1. Emotional stocking 2. Manual processes 3. Charge capture inaccuracies 4. Dealing with expired, obsolete, recalled products 5. Consignment Cardinal Health. All Rights Reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks

13 Developing a supply chain excellence strategy Create end-to-end product visibility Drive informed decisions through analytics Align supply chain priorities Automate inventory for process improvement Cardinal Health. All Rights Reserved. CARDINAL HEALTH, the Cardinal Health LOGO and ESSENTIAL TO CARE are trademarks

14 Automation is the answer Integrated advanced analytics Low-cost supplies like gauze and bandages Low-cost supplies that require each-level tracking Surgical packs and other mid- to high-cost supplies High-cost physician preference items and implantables Low product cost High product cost 2-Bin Kanban Barcode RFID-enabled Smart Wand RFID-enabled Smart Cabinet 14

15 Automating your procedure workflow 15

16 Advanced Analytics: Drive visibility of usage patterns 16

17 Polling Question I believe our hospital has good visibility into our cardiovascular inventory. 1. Strongly Agree 2. Agree 3. Neutral 4. Disagree 5. Strongly Disagree 17

18 The Trial: Putting RFID to the test in the CV Suite 18

19 Improving the Bottom Line Inventory optimization Cut more than $5M in expense Reduced Billing Errors Streamlined Workflow Improved quality care Tightened budgets, streamlined workflow and reduced inventory significantly adding up to $1.7 million in annual savings.* *Reported in Cardiovascular Business Special Section Practice Management March/April

20 Greater control in managing interventional labs Automated inventory tracking Data analytics Clinician satisfaction Patient safety Charge capture Tightened budgets, streamlined workflow and reduced inventory significantly.* Added up to $1.7 million in annual savings.* Cut more than $5 million waste in 13 interventional labs* Source: Cardiovascular Business Special Section Practice Management March/April

21 The future, here today... Easily and efficiently find your stents and monitor cath lab inventory Supply chain excellence strategy Lean management Advanced analytics Source: ICTPost, 21

22 Q&A Ken Shastany, RN, MSN Strategic Solutions