Read this article by Vizient Inc., on their Poster Presentation 'Transforming the healthcare transactional supply chain into a strategic value driver' for the 2019 Business Transformation & Operational Excellence Summit.
Healthcare is changing. From the way that people access care, to the consumerization of care, to the way that health care organizations are compensated for care, the industry faces the threats of eroding margins, new business models, mergers and acquisitions. The one thing that is certain is that healthcare’s slow-moving, slow-to-change, steady-as-she-goes approach to doing business has reached a tipping point requiring business leaders to re-consider the way things have always been done to find new approaches that can deliver savings… and FAST!
In health systems, where the supply chain function can account for as much as 40%+ of the operational budget, this is not a line item that can be easily overlooked. As such, executive leaders are recognizing the strategic importance of the supply chain function to their financial success.
Where, historically, the supply chain function has counted on leaders that can “get it done” by focusing on transactional requirements to purchase goods and services for the hospital, today’s health systems need leaders that have the skills to identify broken processes and the ability to further improve functional operations through the implementation of new technologies and solutions.
This poster session outlines the challenges one healthsystem overcame to deliver $23.5M in cost savings and operating efficiencies thereby achieving their 5 year goals in just 3 years. In the process of achieving their goals, this health systems transformed its transactional supply chain function into a strategic value driver to become a model of what it looks like when supply chain efficiency is unchained.
Critical success factors:
BTOES is the industry’s biggest and best, senior-level, cross-industry gathering of Business Transformation & Operational Excellence industry leaders and senior executives.
It also hosts the Business Transformation & Operational Excellence Awards, which showcase globally the most outstanding organizational achievements through the application of Operational Excellence programs.
The summits hosts a number of private forums for C-Level & Global corporate-level leaders as well as business unit heads.
With over 150 speakers, over 100 sessions, 12 Keynotes, 9 Track Themes, 5 parallel tracks, 60+ track sessions, 50 roundtable discussions, 20 Interactive Workshops, 6 Thought Leader Panels, 5 Leaders Boardrooms, 5 co-located events, the Industry Awards Program, Site Visits, 20+ hours of social networking including 2 gala cocktail parties, dinners, numerous group activities, this is the ultimate event to benchmark, network and drive Operational Excellence to the next level.
There is a strong focus on Cultural Transformation, Customer Delight, Sustaining an Operational Excellence program, Need for end-to-end Business Transformation, Keeping up with new technologies/impact of digitalization and Leadership Buy-in & Understanding. We dedicated two tracks to advanced technologies, such as AI, Machine Learning, RPA, Predictive Analytics, Blockchain, Cloud infrastructure etc.
The agenda is designed to encourage active meaningful conversations though all day enhanced networking and interaction opportunities, including
All-day Refreshment & Themed Breaks
1¼ Hour Hot Breakfast Networking Sessions
1½ Hour Hot Plated Networking Lunches with Topic & Industry Sector focussed tables
1½ Hour Roundtable Sessions by Topic & Industry Sector.
Keynote & Themes Panel Sessions
Hosted Welcome Receptions from 5.30pm
Expanded more lavish Awards Program
Newly launched Night Summit for attendees to meet after dinner
For more information or to discuss the summit in more detail please schedule a call below,
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