Before you invest time and money in your Hospital’s next Physical Inventory, consider what you’re getting from it. Are you using the information to fulfill your obligation to close the books? Have you considered using the information to drive lasting value for your organization including Data Synchronization, Contract Management, Price Parity, and Operations Excellence? Hospital logistics have advanced considerably in the last several years, but are typically fragmented, with little transparency in the supply chain.
A new organization has been formed to help hospitals meet financial obligations through better supply management. Advantix-IMAP was formed in 2007 as a Hospital Supply Management firm specializing in Physical Inventory, Supply Expense Analysis, Supply Consulting, Reorganization and Process Flow. Availability and rapid response make this service unique.
According to David Ramlakhan, CEO, most hospitals are not as effective as they would like in regard to Supply management. “Our job is to sort out the reality of the current situation and provide optimal recommendations for outcomes that drive lasting value. It is not enough to assess a situation; you must be capable of implementing sustainable improvements.” Supply expense as a percent of Net Patient Revenue is a key indicator of Supply Chain performance – few would disagree. But many Consulting and Distribution firms touting themselves as “solution providers” fail to appropriately implement sustained improvements against that metric. Due to repeated occurrences of “promising the dream and delivering a nightmare”, hospitals have become understandably reluctant in engaging organizations delivering only a promise. The question is not one of negligence, but of competency.
How well is your organization performing? Recent studies indicate that the low quartile for Supply as a percentage of Net Patient Revenue is 21.2% whereas top quartile is 16.4%. How do you measure up? Do you have a plan to obtain control of Supply Management and optimize your existing operations?
Advantix-IMAP and their proprietary processes and software will perform physical inventory, data mapping, supply assessment and provide a detailed opportunity analysis that can be adopted by the Hospital for immediate implementation by their staff, or, if requested, by an experienced Advantix-IMAP Implementation Team.
Advantix books your inventory asset value and provide opportunities such as:
• Supply Opportunity Analysis;
• Increased Cash Flow;
• Productivity Gains;
• Improved Service Levels at Point-of-Use;
• Improved Inventory Turns;
• Data Mapping & Synchronization to Supply;
• Improved Staff Satisfaction.
Transparency is a critical element in the integrity of a supply chain. Advantix-IMAP is a unique and important provider of Supply Management services to Hospitals. Their expertise in Supply Management is available at any time.