ASC supply chain tip of the day: track costs for better business management

ASC managers should use technology to capture costs, which can inform business plans, according to Jeff Lawrence, vice president of business development at Inventory Optimization Solutions.

Mr. Lawrence shared the following tip with Healthcare Purchasing News.

"I recently spoke with a large surgical department director who used two numbers to manage his business: Total revenue and total cost. We have to run our businesses with numbers. As we push more patient interactions outside of the hospital, we need to capture information to know costs by location, department, specialty, physician, patient, case, etc. Today, technology can help managers at ASCs manage their business plans against real numbers, performing tasks like tracking the movement of inventory across the entire non-acute network."

If you would like to share a supply chain management tip to be featured, please email Angie Stewart at astewart@beckershealthcare.com.

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