The Challenge:
One of the top academic hospital networks in the US and one of the leading health care supply chain organizations seeking to stay ahead of looming pressure to reduce their Cost-To-Serve, engaged Quantumlytix to conduct comprehensive network optimization Value Stream Analysis across their company’s Finance and Supply Chain operations as they prepared to become the flagship organization for a much larger network.
The Goal:
Identify capacity constraints and “Achilles heels” that would impede and pose risk in the strategy to provide network level Finance and Supply Chain service support to future affiliates.
Results:
Provided executives and senior management team with a 2 year implementation plan supported by detailed findings, project opportunity analysis and financial business case.
The Value Stream Analysis revealed specific and comprehensive improvements to Finance and Supply Chain processes to increase capacity of the flagship organization to enable the networking of other hospitals and outlying health clinics and support them as customers efficiently.
Highlights this client achieved include :
- Increase of 30-40% EDI enabling improved Finance and Procurement productivity
- Reduction of 5-10% PO generation via increased credit card utilization
- From highly manual spreadsheet driven reordering of medical surgical materials to implementation of a Materials Manager role leveraging data, Days-Of-Supply method, and system driven inventory management
- Digitized company travel expense process to reduce burden on AP
- Reduction in frequency of handling low dollar high use patient items
