2.50
Hdl Handle:
http://hdl.handle.net/10755/161946
Category:
Abstract
Type:
Presentation
Title:
Supply Cost Reduction in a Small Multi-Site ASC Group
Author(s):
Polikandriotis, John; Mexam-Moore, Valerie
Author Details:
John Polikandriotis, PhD, MBA, Laser Spine Institute, Tampa, Florida, USA, email: jpolikandriotis@laserspineinstitute.com; Valerie Maxam-Moore, MN, RN
Abstract:
Poster presented at AORN's 58th Annual Congress: Surgical supplies represent a major cost for ASCs. As a single-specialty minimally invasive spine surgery center, it was initially simple to manage our supply costs. Supplies were ordered as needed by the lead surgical technician. In 2009, we added two new single-specialty ASCs located in different states, using essentially the same supplies and vendors. It was assumed that the same modela designated surgical technician ordering supplies at each of the centers would be simple and sufficient. After four months of operating three centers using decentralized inventory management, our accounting department approached the ASC leadership team about taking steps to curb the wide monthly variations in supply costs between the three facilities. For example, supply costs per case in February 2010 was $754 at Facility 1, $1,124 at Facility 2, and $835 at Facility 3, with an enterprise cost per case of $848 and a significant standard deviation between the facilities of $195. It was agreed that a pilot program to centralize procurement should be undertaken. A full time Procurement Manager immediately took several steps toward inventory control and cost reduction strategies. The results left no question regarding the value of a centralized procurement system, even for small multi-site ASC groups. By July 2010, our enterprise cost per case dropped to $725, which was a 14.5% reduction in cost compared to February. Additionally, the standard deviation dropped from $195 per case to $128 per case. The substantial cost savings and the value of the increased predictability of supply costs system-wide demonstrates that regardless of group size, centralization of procurement can result in important financial benefits for the organization.
Repository Posting Date:
27-Oct-2011
Date of Publication:
27-Oct-2011
Conference Date:
2011
Conference Name:
AORN 58th Annual Congress
Conference Host:
Association of periOperative Registered Nurses
Conference Location:
Philadelphia, Pennsylvania, USA
Description:
AORN 58th Annual Congress, 2011 held March 18, 2011 - March 24, 2011 in Philadelphia Convention Center
Note:
This is an abstract-only submission. If the author has submitted a full-text item based on this abstract, you may find it by browsing the Virginia Henderson Global Nursing e-Repository by author. If author contact information is available in this abstract, please feel free to contact him or her with your queries regarding this submission. Alternatively, please contact the conference host, journal, or publisher (according to the circumstance) for further details regarding this item. If a citation is listed in this record, the item has been published and is available via open-access avenues or a journal/database subscription. Contact your library for assistance in obtaining the as-published article.

Full metadata record

DC FieldValue Language
dc.type.categoryAbstracten_US
dc.typePresentationen_GB
dc.titleSupply Cost Reduction in a Small Multi-Site ASC Groupen_GB
dc.contributor.authorPolikandriotis, Johnen_US
dc.contributor.authorMexam-Moore, Valerieen_US
dc.author.detailsJohn Polikandriotis, PhD, MBA, Laser Spine Institute, Tampa, Florida, USA, email: jpolikandriotis@laserspineinstitute.com; Valerie Maxam-Moore, MN, RNen_US
dc.identifier.urihttp://hdl.handle.net/10755/161946-
dc.description.abstractPoster presented at AORN's 58th Annual Congress: Surgical supplies represent a major cost for ASCs. As a single-specialty minimally invasive spine surgery center, it was initially simple to manage our supply costs. Supplies were ordered as needed by the lead surgical technician. In 2009, we added two new single-specialty ASCs located in different states, using essentially the same supplies and vendors. It was assumed that the same modela designated surgical technician ordering supplies at each of the centers would be simple and sufficient. After four months of operating three centers using decentralized inventory management, our accounting department approached the ASC leadership team about taking steps to curb the wide monthly variations in supply costs between the three facilities. For example, supply costs per case in February 2010 was $754 at Facility 1, $1,124 at Facility 2, and $835 at Facility 3, with an enterprise cost per case of $848 and a significant standard deviation between the facilities of $195. It was agreed that a pilot program to centralize procurement should be undertaken. A full time Procurement Manager immediately took several steps toward inventory control and cost reduction strategies. The results left no question regarding the value of a centralized procurement system, even for small multi-site ASC groups. By July 2010, our enterprise cost per case dropped to $725, which was a 14.5% reduction in cost compared to February. Additionally, the standard deviation dropped from $195 per case to $128 per case. The substantial cost savings and the value of the increased predictability of supply costs system-wide demonstrates that regardless of group size, centralization of procurement can result in important financial benefits for the organization.en_GB
dc.date.available2011-10-27T08:43:14Z-
dc.date.issued2011-10-27en_GB
dc.date.accessioned2011-10-27T08:43:14Z-
dc.conference.date2011en_US
dc.conference.nameAORN 58th Annual Congressen_US
dc.conference.hostAssociation of periOperative Registered Nursesen_US
dc.conference.locationPhiladelphia, Pennsylvania, USAen_US
dc.descriptionAORN 58th Annual Congress, 2011 held March 18, 2011 - March 24, 2011 in Philadelphia Convention Centeren_US
dc.description.noteThis is an abstract-only submission. If the author has submitted a full-text item based on this abstract, you may find it by browsing the Virginia Henderson Global Nursing e-Repository by author. If author contact information is available in this abstract, please feel free to contact him or her with your queries regarding this submission. Alternatively, please contact the conference host, journal, or publisher (according to the circumstance) for further details regarding this item. If a citation is listed in this record, the item has been published and is available via open-access avenues or a journal/database subscription. Contact your library for assistance in obtaining the as-published article.-
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