Cardinal Health Inventory Management Solutions 2017
PROVIDER ISSUES: PERIOPERATIVE & PROCEDURAL SPACE 57% of physicians have recently experienced not having a requested product available during the procedure 1 19% of nurses identify locating supplies and equipment as their biggest time waster, with 55% citing charts and documentation 234 24% of hospital staff have seen or heard about expired or recalled supplies used on a patient 1 Cost Efficiency Streamline Workflows Support Patient Safety 15-25% typical amount of inventory overstock 1 7-10% of clinical products in a hospital expire before they are used 3 20% of clinicians workweek are spent on supply chain management 1 18% of clinicians are aware of a patient harmed for not having the right supplies at the right time 1 2 Sources 1 Cardinal Health Supply Chain Survey Data conducted Oct-Nov. 2016 by SERMO 2 http://www.healthleadersmedia.com/nurse-leaders/nurses-say-distractions-cut-bedside-time-25# 3 https://www.nmlegis.gov/lcs/handouts/lhhs%20081312%20nursingturnover.pdf 4 http://www.aornjournal.org/article/s0001-2092(15)00899-6/pdf 5 GHX quantitative research study from PNC Healthcare.
CARDINAL HEALTH INVENTORY MANAGEMENT SOLUTIONS Vision Reduce the Total Cost of Care by delivering actionable intelligence throughout the supply chain from manufacturers to point-of-use, so providers can focus on delivering Quality Patient Care Intuitive real-time dashboards for managing orders, expiring products, recalls, and product availability Solution Full visibility and control of products throughout an enterprise from receipt, storage, use to reorder Interoperable smart hardware and software seamlessly adapted to supply chain and clinical workflows Par optimization, automated workflows and connected charge and utilization capture 3
AN ENTERPRISE SOLUTION: FLEXIBLE, SCALABLE, CONNECTED MMIS Materials Management Information System Clinical Systems Hemo/ORIS EMR Electronic Medical Record Low cost consumables Kanban High cost implantables RFID Smart Cabinets Real-Time Dashboard and Analytics Unique Alternative Storage & Vendor Stock Barcode 4 All Supplies Usage documentation Point of Use Mid - High cost supplies Mobile RFID
RETURN ON INVESTMENT Drive 200% ROI Increase focus on patient care and safety Reduce inventory by 15-25% Prevent write-offs from expired products (typically 2-6% of total purchases) Improve charge capture by 8% Realize 15% discount on bulk buys Eliminate 10% of overstocked consignment Improve physical space capacity Prevent expired products from reaching the patient through pro-active management of dated products 59% time savings over manual processes in key areas including cycle counting, ordering and managing expired and recalled products 1 Improve product availability, to avoid case cancellations, delays and physician frustration 5 Source 1 Data based off time and motion study led by third party research firm, Kaleidoscope. Study conducted at 353-bed hospital in Los Angeles, CA. 2017
PROVEN RESULTS HARD COST SAVINGS 1 SOFT COST SAVINGS 2 6 Sources 1Data based off study performed at Emory St. Joseph s Hospital, 2014 2Data based off time and motion study led by third party research firm, Kaleidoscope. Study conducted at 353-bed hospital in Los Angeles, CA. 2017