Question

Elaborate on an actual health care operations application or a vision of your application of a supply chain management strategy that enhanced performance on multiple competitive priorities. (Should be between 400 to 500 words in 2 paragraph.

Answer 1

The aim of Supply Chain in healthcare is to find vulnerabilities among departments and propose measures to reduce them. It aims to identify weak areas to achieve targeted health outcomes and increases investments in global health. The supply chain ensures the proper linkage of a hospital department, operations, revenue cycle. Healthcare supply chain management involves obtaining resources, managing supplies, and delivering goods and services to providers and patients. The supply chain implemented ensures availability of medicine/ product at the right time, minimizing inventory wastage, maximizing patient care, coordination in all departments. By promoting efficiency in the healthcare supply chain, hospitals and physician practices can create substantial cost-reducing opportunities across their organization. Effective supply chain management strategy shape up healthcare services by promoting its operational activities. In simple words, the supply chain is the management of relationships with customers and suppliers to deliver superior customer value at less cost to the supply chain as a whole. Healthcare supply chain management is unique because each stakeholder has their own interests to protect. Different stages in the supply chain flow may be focused on their goal. Since the supply chain goals are not always aligned within an organization, the healthcare supply chain management process can be Inefficient and fragmented. Patients also have a voice in the healthcare supply chain management process. Misaligned incentives and independent goals can disrupt the flow of the supply chain for many healthcare organizations.

Some healthcare organizations have found success with supply chain management through cost transparency. Different automated tools can help organizations increase price transparency, such as computerized provider order entry systems, which can standardize and streamline physician orders, or Radiofrequency Identification Technology that can capture volume of data from a product's barcode. Getting all hospital departments on the same page is also a key strategy for optimizing healthcare supply chain management. Healthcare organizations are focused on reducing redundancies and eliminating waste but providers also need to work together to effectively reduce costs and boost performance. The supply chain touches every department within the hospital. Provider organizations are beginning to recognize that greater alignment of revenue cycle and clinical data systems may help deliver high quality and low-cost care. A joint revenue cycle and supply chain approach may increase claims management and reimbursement accuracy and make cost-to-charge data capture more seamless than before. In order to succeed in this new era of healthcare reform, organizational leaders should evaluate their supply chain management activities, consider the acquisition of analytical tools and prepare for a future in which every dollar and every box of gloves can be tracked, managed and used effectively.