Service and Supply Consolidation Case Study

This case study details the collaboration between a non-profit integrated health system and Impact Advisors to enhance supply chain efficiency and identify cost-saving opportunities. The health system, which includes a 285-bed hospital and a 25-bed critical access facility, engaged Impact Advisors to conduct a comprehensive assessment of their supply chain. The assessment utilized industry benchmarking to pinpoint key spending areas and opportunities for consolidation. Key initiatives included contract reviews, competitive proposals, and the development of business cases for cost savings. The project resulted in a significant reduction of over 5% in non-labor addressable expenses, exceeding the targeted savings. Additionally, the case study outlines the optimization of surgical services and inventory management within the health system, which addressed challenges such as inventory inaccuracies and preference card discrepancies. The collaborative effort led to the establishment of a comprehensive inventory management system and the standardization of preference cards across facilities, ultimately enhancing operational efficiency and patient care.