New AI Tool Predicts Drug Shortages

Pharmacy Practice News Drug shortages continue to be a major issue for hospitals and healthcare system pharmacies, and mitigating these shortages is one of the most pressing challenges facing managers and decision makers. According to a recent article from Pharmacy Practice News, a variety of resources have been helpful in predicting drug availability – namely FDA’s drug shortage database, AHSP …

Using Technology to Manage Medical Shipments

AltexSoft A recent article from AltexSoft illuminates many of the challenges facing medical supply chains, particularly those around shipping medicine, and shows how advances in technology improve processes across the industry. Accurate, timely delivery is one essential piece of achieving patient outcomes, but proper storage, tracking, packaging, and handling are also important components of the larger logistics picture. Through modern …

Reducing Healthcare Supply Chain Spending Waste

SupplyChainBrain Supply chains account for a significant portion of healthcare costs – an estimated 25% of pharmaceutical costs and 40% of medical device budgets – yet a quarter of these costs are considered waste in the form of unanticipated expenses, poor management, and “rogue spend” that results in inefficiencies and overspending in the millions of dollars. A recent article from …

New ADA Rules Aim to Improve Medical Equipment Accessibility

Disability Scoop A proposed rule from the U.S. Department of Justice under Title II of the Americans with Disabilities Act (ADA) aims to establish technical standards for accessible medical equipment in hospitals and clinics operated by state and local governments. Lack of accessible equipment like examination tables, weight scales, and diagnostic equipment has led to numerous complaints from patients with …

Increasing Drug Shortages Require New Solutions

AMA Ongoing (and increasing drug) shortages across the U.S. healthcare system continue to negatively affect patient care, leading to new policies from the American Medical Association that focus on diversifying manufacturing and stabilizing the generic market. Challenges from declines in domestic manufacturing to supply chain delays with overseas generic manufacturers, as well as an evolving prescribing landscape, the effect of …

Emerging Healthcare Trends Predict Major Changes for Providers

Forbes Looking to the future of healthcare for 2024 and beyond, Forbes recently published an article identifying six major trends that indicate large changes for providers nationwide. Citing ongoing issues with workforce shortages, supply chain problems, changing technologies, gaps in quality of care, and high costs, the article also offers insight into how healthcare providers are already addressing these industry-wide …

Nursing Leaders Acknowledge the Importance of EDI Roles

Nursing Times In the wake of UK Health and Social Care Secretary Steve Barclay’s letter advising healthcare organizations to stop hiring dedicated equality, diversity, and inclusion (EDI) staff, nursing leaders across the country and beyond are speaking out on the importance of these roles across the healthcare industry. A recent article from Nursing Times reviews Barclay’s letter in full, and …

Patient Care Compromised Medical Supply Shortages

ISMP In a recent report from the Institute for Safe Medication Practices, the organization presents findings from a July 2023 survey, noting that many respondents have daily struggles related to medication, equipment, and supply shortages. The report reviews areas of the medical industry most affected by these shortages, the negative impact it has on patient outcomes, and actions that staff …

Improving Efficiency for Increased Profitability

Henry Schein Medical Healthcare practices have faced ongoing financial pressure in recent years. While profit is increasing across the industry, payment rates have also grown for consumers, costs are rising, and margins remain unstable. With changing patient demographics, growing concerns about spending, and increased competition among healthcare providers, future profitability is uncertain – and will require agility to maintain. In …

Hospital Outsourcing is Gaining Popularity

Managed Healthcare Executive Hospital outsourcing, for both clinical and nonclinical services, has been growing in popularity in recent years, a trend anticipated to follow a 14.4% compound annual growth rate, according to Research and Markets and reported by a recent article from Managed Healthcare Executive. This outsourcing has been met with varying opinions, with some lauding the opportunity to bring …