AUDIOCONFERENCE ON TAPE OR CD
Sponsored by Hospital Materials Management
presented on June 18, 2007
When it comes to benchmarking, “if you’ve seen one hospital… you’ve seen one hospital”
No one supply chain operation is the same as any other. Therefore it can be quite futile to compare performance indicators against those of other hospitals and understand why you rank where you do. In addition, it is not always easy to know which indicators are important to measure at any given time.
Which data is most important to measure, what should you do with it?
Listen to this 90-minute audioconference. Two materials management experts discuss important differences between benchmarking and data mining using a combination of tools, practical guidance, and a case-study approach.
Some of the major concepts to be defined and discussed are:
- Benchmark v. performance indicator
- Supply expense
- Indicator elements
- Data cleansing
Among the benchmarking standards to be discussed include:
- Supply expense as a percentage of operating expense
- Supply expense for case mix index (CMI) adjusted discharge
- Supply cost per surgery case
- Cath lab cost per visit
- Pharmacy cost per CMI adjusted discharge
With so many metrics to consider in analyzing your current situation, you will benefit from the practical experiences offered by our experts—one an industry consultant and one a materials management provider. They detail the necessity of harvesting the proper data and measuring results against yourself as opposed to your competition. Additionally, they will provide real-world examples and offer scenarios where such techniques succeeded.
You’ll discover ways to make your internal data-mining processes more usable and efficient and their benchmarking standards more tangible and relevant.
AGENDA
- What should be measured?
- Executive level benchmarks
- Departmental level benchmarks
- Materials management performance indicators
- Inventory management
- Purchasing indicator
- Price index
- Vendor performance
- How to measure it?
- Pricing
- ECRI comparisons
- GPO reports
- Comparison of measurements
- Why do we rank where we rank?
- Benchmark against self
- What to do with performance indicators?
- Dashboard
- Identify potential performance issues
- Educating your Executive Team on your value
Q &A
AT THE END OF THIS AUDIOCONFERENCE YOU SHOULD BE ABLE TO:
- Differentiate between a benchmark and an indicator
- Determine the data most important to your operations
- Identify methods of benchmarking to reduce expenses
- Develop data-gathering ideas for measurement
- Realize the implication of comparing your indicators against your peers’
MEET THE SPEAKERS
Dave Hinkle, FACHE, CMRP, Senior Director, Logistics and Materials Management Practice VHA Supply Chain Custom Services located in Erial, NJ.
Bruce Kehr, MBA, CPA, Corporate Director of Materials Management at Summit Health located in Chambersburg, PA, has more than 23 years experience and expertise in healthcare supply chain management. He has served on national and regional task forces for one of the nation's largest group-purchasing organizations.
BONUS TOOLS
In addition to the expertise and advice presented during this audioconference, you'll also receive a slide presentation of the program materials and these valuable tools:
- List of definitions
- Examples of spreadsheets and graphs from Summit Health
- Excel spreadsheet calculations for indicators
- Excel spreadsheet for managing inventory
These materials are provided with PDF links.
WHO SHOULD LISTEN?
Materials managers, supply chain directors, supervisors of healthcare supply chain operations, VPs of Finance, CFOs
Purchase a tape or CD of the program and listen when you can. It's also a perfect training tool for new staff or as a refresher for veteran staff.
Save money when you purchase multiple copies! Ask your customer service representative about money-saving
discounts and bulk orders. Call toll free 800-650-6787 or e-mail
customerservice@hcpro.com.
