Supply Chain
First announced May 2, the $156 million acquisition is aimed toward emerging accountable care organizations (ACOs) and will see Omnicell and MTS working to integrate medication management across the broader spectrum of care.
Opposition to the legalization of medicinal marijuana in the absence of scientific studies that demonstrate its safety and efficacy led the list of resolutions adopted by physicians of the Massachusetts Medical Society (MMS) at the organization's annual meeting of its House of Delegates on May 19 in Boston.
As economic pressures continue to increase and the ability to efficiently manage costs is emphasized, organizations are looking wherever they can for financial relief. That's why it's no surprise many are turning to group purchasing organizations for smaller administrative fees, more transparent transactions and a general partner in healthcare reform.
The Healthcare Supply Chain Association (HSCA) launched a new web portal last week aimed at helping small medical device suppliers gain information about the healthcare group purchasing organization (GPO) contract process and aiding them with bringing their products to the marketplace.
The global market for clinical chemistry, valued at $11.1 billion in 2011, is forecast to grow at a compound annual growth rate (CAGR) of 6.5 percent, to reach $17.3 billion in 2018, said medical intelligence company GlobalData in a new report.
The outlook for the global pharmaceutical industry remains negative as any potential revenue over the next 12-18 months is likely to be offset by losses from the upcoming expirations of major patents -- known as the patent cliff -- according to a new industry report by Moody's Investors Service.
As the industry remains at a crossroads, many are looking to their supply chains to help drive change. And by turning their supply chains into a "strategic asset," organizations can have success controlling costs and increasing business efficiencies, according a recent whitepaper by healthcare management company GHX. Teran Andes breaks down six additional keys to seeing supply chain success.
Banner Health, one of the largest nonprofit hospital systems in the country, cut $41.5 million from its supply chain costs in 2011. Doug Bowen, Banner’s vice president of supply chain management, spoke recently with Healthcare Finance News Editor René Letourneau about how they achieved such big results in just one year.
The Healthier Hospitals Initiative (HHI) and its founding health systems announced a set of six challenges for hospitals nationwide aimed at improving the healthcare sector's environmental footprint during a media briefing Tuesday.
With patent expirations looming and already passing for some of the nation's bestselling name brand drugs, Big Pharma is facing major revenue challenges in 2012. Here are five blockbuster name brand drugs facing patent expiration.