Group purchasing organizations (GPOs) offer health systems many benefits, such as lower costs and easier procurement processes. But GPO practices may be diluting these benefits, nullifying value for both health systems and providers. Many GPOs allow virtually any supplier to join its contracts. And while this business model may appear
In a world increasingly conscious of climate change and its impacts, health care organizations are stepping up to address their environmental footprint. “About 10% of the carbon emissions generated in the U.S. come from health care, and roughly 80% of that is related to supply chain,” says Dr. Chung. “There
Value analysis serves as a cornerstone for fostering collaborative relationships between Integrated Delivery Networks (IDNs) and suppliers within health care. An article in The Journal of Healthcare Contracting details invaluable perspectives shared at the IDN Insights West panel that included Cheryl Anderson Smith, System Director of Value Analysis at Steward
There’s too much variability in U.S. health care, which leads to waste and worse patient outcomes. As a surgeon, Dr. Jimmy Chung saw this problem firsthand. Dr. Chung’s journey into health care supply chain management was not a traditional path for a physician. After more than a decade in
The traditional approach to health care supply chain operations is facing a transformative shift. In an article with Healthcare Purchasing News, Jimmy Chung, MD, chief medical officer at Advantus Health Partners, sheds light on the future of supply chain transformation. As health systems recognize the pivotal role of supply chain
In an increasingly interconnected health care landscape, the role of supply chain management has never been more crucial. From ensuring the availability of essential medical resources to optimizing costs without compromising patient care, supply chain management serves as a cornerstone of effective health care operations. On a SoundPractice podcast episode,
The current state of health care spending in the United States is a cause for concern, with unsustainable costs and significant waste. Jimmy Chung, M.D., chief medical officer at Advantus, highlights the key issues contributing to this crisis. Below are some of the strategies Dr. Chung proposed in an article
At Advantus Health Partners, we’re passionate about helping health systems reduce their supply chain spend. On a recent episode of PSQH: The Podcast, Jimmy Chung, M.D., chief medical officer of Advantus Health Partners, shares lessons learned from 2022 and areas of opportunity for health systems. Shortages are still expected to
Jimmy Chung, M.D., chief medical officer at Advantus Health Partners will be a panelist at SAGES 2023 in Montreal, Canada on Saturday, April 1, 8:00 am-3:30pm. The How to Bring New Technology to Your Hospital panel discussion will focus on how surgeons can introduce new technology, including devices and procedures,
Advantus Health Partners started 2023 by welcoming Gary Welch, director of procurement and supply chain at Oxford University Hospitals (OUH) NHS Foundation Trust, and his team of supply chain and clinical leaders to study best practice models of operating room (OR) design and management. The goal: Expanding surgical capacity The
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