Moderator: Ed Kuklenski, Principal, Insurance Point
Speakers: Teresa Dail, Chief Supply Chain Officer, Vanderbilt University Medical Center and Tim Nedley, Vice President, Materials Management, UPMC
As the healthcare marketplace continues to evolve and shift, so do the relationships of health systems and suppliers. As healthcare switches from fee-for-service to a value-based model, innovative and symbiotic partnerships are being put into place to enhance patient care and drive down cost. In this session, hear from health system supply chain leaders on two different innovative contracting models.
This session will discuss how providers can collaborate with suppliers in order to identify untraditional models to reduce the overall Total Cost of Care (TCOC). We will then outline disruptive methodologies to achieve organizational goals and targets in a fixed payment system, with specific examples from Vanderbilt University Medical Center.
Then, hear how UPMC’s supply chain is driving efficiency through Total Cost of Ownership (TCO) measurements, with a discussion on the changes that were implemented to reduce the total cost of ownership and the impact that this project has had on both UPMC and their vendor partner.
1. Identify strategies for analyzing TCO and TCOC measurements.
2. Describe the importance of suppliers in reducing overall costs.
3. Analyze alternative strategies for reducing overall costs.