From Volume to Value: Transforming Supply Chain in the ACA Era
From Volume to Value: How the Affordable Care Act is Driving the Transformation of Supply Chain in Health Care Today. Microsoft Experience Center Booth 1202 Clinical Mobility and Productivity Monday: 2:30-6:00 3:00 Customer Spotlight Presentation with Haroon Ansari, CEO of Pinnacle Hospital Tuesday: 9:30-1:45 Wednesday: 12:45-4:00 Marcio Nobrega Marketing Director, Americas Enterprise Services 19 years at Microsoft, with global experience in Consulting, Operations, Sales & Marketing from multiple leadership roles. Computer Science degree and an MBA in management (Brazil) Jennifer Hasenyager Smith, MD, MBA Chief Medical Innovation Officer – Healthcare at Mazik Global Inc. 20 years of executive healthcare information technology experience MD from University of Chicago, an MBA from George Washington University, and a BA in Biochemistry from Cornell University. Patricia Becker Chief Strategy Officer – Healthcare at Mazik Global Inc. 25 years of executive healthcare information technology experience Former CIO, University of Chicago Medical Center and University HealthSystem Consortium Teaches in the Medical Informatics Program at Northwestern University Distinguishing Between Cost, Price & Revenue Understanding healthcare costs is complex and involves a vast array of variables. Price has not historically been tied to cost or revenue. Revenue optimization has not been a priority in healthcare. Supplies Personnel and Overhead Market Dynamics Price Actual Revenue Revenue Healthcare Challenges Affordable Care Act Volume-based to value-based. Understanding & Reducing Cost Simplicity & Modernization Healthcare Organizations struggle to: • Grow • Make meaningful decisions • Provide optimal quality of care • Fewer systems • Business innovation Healthcare Challenges Shift from volume-based to value-based reimbursement Healthcare organizations take on more risk “Cost, Quality, and Outcomes” (CQO) movement applies to the Supply Chain CQO at the intersection of cost efficiency, quality of care, and measurement of outcomes 70% Value based payments Supply Chain as a Strategic Pillar Average Cost 20000 • Manage and contain Supply Chain costs 15000 10000 5000 • Automate Supply Logistics • Convert to Just in Time (JIT) Inventory Management • Increase Transparency 0 Dr. Phillip Dr. Dana Dr. Jackson Dr. David 81.51 81.52 81.53 Revenue Performance 20000 15000 10000 5000 0 81.51 Chargeable 81.52 Charged 81.53 Missed Charges Managing and Containing Costs Expired Value (now) • Supply and drug cost Value $ 83,000 Quantity • Procedure costs 357 • Difficult to look at case comparisons by care or within a procedure Inventory Value • Better resource management Optimization Potential Current $ 689,500 35% • Supply leakage • Hidden supplies • Management of expiration dates 23% Automating Supply Logistics • Integrated systems • Real-time information • Prevent procedural delays • Address issues as they occur enabling timely service • Increasing patient satisfaction and quality Just in Time Inventory Management • Enhance inventory management • Enough inventory to meet the need but… • Not too much • Better data, better planning • Vendor inventory • Overstock Increasing Transparency • Services costs not understood Average Cost 20000 Accurate Data 15000 10000 5000 • Limited knowledge of procedure supply cost 0 Dr. Phillip Dr. Dana Dr. Jackson Dr. David 81.51 Allowing better decision 81.52 81.53 Revenue Performance 20000 15000 Enhancing an organizations ability to transforms its process 10000 5000 0 81.51 Chargeable 81.52 Charged 81.53 Missed Charges Microsoft Solution in the Box Solution Example Mazik Global Inc. Product Engineering Microsoft Dynamics AX Healthcare & Life sciences MazikCare Presidents Club Microsoft Services Operations Solutions MazikCare Customer Story Hospitals choose MazikCare Pinnacle Hospital, a full service facility, offers individuals and families in northern Indiana and Illinois outstanding healthcare in a small, patient-centered environment unlike any other in the region. Pinnacle, based in Crown Point, Indiana, sees many thousands of patients a year, and has 150+ physicians on staff. “In today's environment, it’s critical to have solutions like MazikCare that truly integrate data vertically and horizontally for decision making. At Pinnacle, the choice was clear: We could either piecemeal various systems and hope they all worked together, or we could deploy the full suite of Microsoft and Mazik solutions and know that they would. We are confident in MazikCare for the life of our hospital.” –Haroon Ansari, CEO, Pinnacle Hospital Questions? MazikCare.com [email protected] 3:00 PM Today Customer Spotlight Session Visit us in Booth 1202 for more! Conclusion • Understand cost, price, and revenue • Integrated, secure and mobile solutions • Modern healthcare financial management: Optimize cost Raise quality Improve outcomes Thank you! MazikCare.com [email protected] Register for our breakfast session at HIMSS 2015 and visit us in Booth 1202 Complete our survey for a free Healthcare Supply Chain Whitepaper.
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