Download Presentation Slides: idnsummit.com/event/2014%20Fall/presentations/14fa_idn_CI_Fibuch_Wooten_1pm_FLWCD.pdf
Moderator: Barbara Strain, Director, Value Management, University of Virginia Health System
Presenters: Dr. Eugene Fibuch, MD, Professor Emeritus, School of Medicine, Co-Director, Physician Leadership Program, Henry W Bloch School of Management, University of Missouri - Kansas City and Terry Wooten, VP, Clinical Supply Chain, St. Joseph Health System
In the supply chain of the future, leaders must work collaboratively to identify new opportunities for cost reduction, savings and improve outcomes. Many systems are moving towards a true value-based supply chain because, in the future of clinical supply chain management, just getting reduced pricing for an item isn’t enough. Reconciling the need to trim with the need to grow requires an intense focus on working smarter. Evaluations must include safety, effectiveness and outcomes in addition to meeting budget requirements to help strengthen financial health and improve operational efficiency. Some strategies will include managing costs to the lowest levels of reimbursement, developing stronger clinical value analysis programs, and redefining metrics for performance. Others will zero in on innovation to go beyond product performance and price. In this discussion, presenters will put those theories to the test from a disease-state and population health perspective to focus on total value.
1. Describe how to engage internal audiences towards sustained improvement.
2. Express the ways to integrate comparative effectiveness research into supply chain assessments.
3. Define best practices for making collaborative clinical decisions.