Regent shared the following supply chain tip on its blog:
“Carrying more inventory than necessary ties up a facility’s working capital and may put an ASC in a cash crunch. Tracking key performance indicators, such as inventory turnover and days in inventory also helps with maintaining supplies. A good inventory management system not only helps actively monitor prices and target discrepancies, but also leads to bottom-line improvements. ASC supply chain management is no longer just about medical equipment. Technology now factors into the equation. Surgery centers should utilize specialized software or supply chain platforms to track all inventory. By using these systems, management can verify savings, identify mistakes and automate as many once-manual processes as possible.”
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.