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Supply Chain entrepreneurship isn’t for everyone.  There is a great deal of risk involved and most startup companies fail in the first several years, sometimes as a result of their own success.  So why would anyone even bother trying?  Rich Palarea joins Hays Waldrop, Garry Skinner and Justin Poulin to give us his perspective on why he has enjoyed his career launching new businesses and what has made healthcare unique relative to other industries.  Tune in for a great story and gain some key insights into what it takes to be successful bringing new solutions forward to solve old problems in new and different ways! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h  Android: https://zcu.io/xJSJ  And listen at: iTunes -> https://zcu.io/3Zef  Spotify -> https://zcu.io/eBXx  Stitcher -> https://zcu.io/2gMi  Amazon Podcasts -> https://zcu.io/Xo2S  Google Podcasts -> https://zcu.io/O8SY #Entrepreneurship Entrepreneur #ProductLaunch #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

With infection control and prevention taking center stage in healthcare over the last several years, how involved have your IP colleagues been in product evaluations and sourcing strategies? On this unique interview,  Dr. Hudson Garrett and Karen Niven (President Elect of AVHAP) join Hays Waldrop, Garry Skinner and Justin Poulin to talk about the critical synergies between these two groups.  What levels of involvement does IP have in your supply chain decisions? What are the common challenges in collaborating between these teams? Listen to this episode and see how IP professionals can bring the value, identify opportunities for integration and offer up best practices & key performance indicators to ensure and measure success.  #IPT #InfectionPrevention #InfectionControl #Infection #ICP #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

Consumers have become much more informed and savvy with the evolution of technology.  In the past, your primary care provider would order durable medical equipment but in the past few years we have seen patients working directly with the manufacturers.  On this Season 2, Episode 2 of Power Supply, Jennifer Stango joins Hays Waldrop, Garry Skinner and Justin Poulin to discuss the impact this shift towards direct to consumer (D2C) will have on the traditional model of sourcing and logistics in healthcare.  Listen to this episode and see how D2C is also driven by the trend towards virtual and hybrid care by providers.  People don’t want to be patients anymore, they are consumers and they want to participate in their care! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #directtoconsumer #logistics #DME #hybridcare #virtualcare #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

Is it time to recall your medical device recall process? Medical device recall alerts have been managed the same way since the very beginning of their use -- but what is changing is the substantial increase in the volume of alerts over the past 10 years. Guillermo Ramas, Founder of NotiSphere joins us for this Power Supply Vendor Spotlight™ to talk about how he has created a win-win solution for suppliers and providers to move recall alerts and acknowledgements to an electronic platform that costs the providers nothing and delivers significant savings for suppliers. The biggest win is for the patient, by removing alert fatigue for recall coordinators and delivering only the relevant alerts much faster! The current recall process is not only inefficient and slow, it’s incredible costly and bad for the environment. But, where there is waste, there is opportunity. Tune in to hear how NotiSphere is taking this opportunity to the next level in hospitals across the country. Learn more by visiting www.notisphere.com #product #recalls #meddevice #healthcaresupplychain #patientsafety #hospitalsupplychain #medtechinnovator #healthcareinnovation #alerts #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting

What impact has the delivery of healthcare had on our environment?  Has your hospital or health system made an ongoing commitment to healthcare sustainability?  On this Season 2, Episode 1 premiere of the Power Supply podcast, Scott Rich joins Hays Waldrop, Garry Skinner and Justin Poulin just one week ahead of the CleanMed conference to share his perspective on how to implement an environmentally preferable purchasing program.  We hope you can tune in for some easy sustainability wins today that will help you build towards a greener vision for tomorrow! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #sustainability #practicegreenhealth #environment #renewableenergy #healthcarewithoutharm #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

What is "nearshoring" and how can it solve many of your most pressing healthcare supply chain issues? On this Power Supply Vendor Spotlight™ we highlight Caresfield, an organization that began serving in the niche of healthcare labels, but eventually grew into disposable tourniquets, patient ID bands, cohesive bandages and specimen collection products. Nick Fruge, VP of Operations joins Justin Poulin for this Vendor Spotlight™ to talk about this US based manufacturer which was the first to launch a tourniquet line with a variety of bright colors to reduce the risk of leave-on accidents and serves the healthcare industry with heart. The need for manufacturing sustainability in healthcare was a hard lesson we all learned during the pandemic, as many struggled to manage the high volume of backorders facing our hospitals. Tune in to hear about a company who is working to be "near" when you need them! #nearshoring #disposable #tourniquet #sustainability #manufacturing #Caresfield #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

What is the difference between real property and personal property in healthcare?  While the initial tag for real property may seem the most costly, did you know that personal property often costs more than real property?  How does your organization manage personal property in terms of maintaining an accurate inventory, tracking the assets and accounting for depreciation?  On this episode of the Power Supply podcast, Arthur Kurland joins Hays Waldrop, Garry Skinner and Justin Poulin to paint a true picture of personal property, offer up some best practices for asset management throughout the lifecycle, and shares a success story from the front lines about obtaining ISO 55001 certification! #PersonalProperty #RealProperty #AssetManagement #ISO #ISO55001 #QMS #Inventory #Lifecycle #Warranty #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

On this week's episode of Power Supply Articles On-the-Go, Bob Yokl highlights some important tips for navigating current (and future) supply chain challenges: "There is a tendency to beat up on your suppliers in challenging times, but your suppliers are having the same challenges you are in the new healthcare economy, such as lower profits, higher costs, and a disruptive marketplace. This is a short-term strategy which can hurt you over the long term when you will need your suppliers most to assist you with managing your patient population. Much better short-term strategies are to join a regional group purchasing organization, standardize on PPI items, increase your GPO compliance organization-wide, and of course knock down the major utilization areas if you can uncover them. ....." Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

Are you tired of the exhausting manual process of taking inventory?  How much waste and revenue loss does your organization experience related to the lack of visibility to expiration dates and lot numbers?  The FDA requirements for UDI (Unique Device Identifier) represents a significant opportunity for improving inventory management and preventing revenue loss by reallocating overstock before expiration.  On this week's episode of Power Supply, Ashlea Souffrou joins Hays Waldrop, Garry Skinner and Justin Poulin to provide an overview of UDI and identify opportunities to clean up your inventory master lists, reference numbers, descriptions and reduce the human effort required to achieve best practice in the midst of a talent shortage in supply chain. We hope you can join us! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ   And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #UDI #Inventory #Revenue #ExpiredProducts #UniqueDeviceIdentifier #FDA #DataCapture #AIDC #referencenumbers #Barcode #MedicalDevice #GUDID #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

On this week's episode of Power Supply Articles On-the-Go, Bob Yokl shares three tips for monitoring key performance indicators (KPIs) of your projects: "It’s been our experience that the most important factor in the selection of your core project team membership (the people who get things done on time and on budget) is that they must be “agents of change.” They then can seek out customers, stakeholders, and experts to fill in their ranks who have the necessary knowledge and expertise to allow them to successfully complete their assigned task. This might seem like a strange or foreign team structure to you, but we have found over the years that heterogeneous vs. homogenous project teams work best to make lasting change happen....." Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

Value Analysis workflows have been managed manually for far too long.  Has your organization adopted technology to better manage the process and break down the silos within the supply chain?  Stephen Kinsella, Owner of the Data Leverage Group joins Justin Poulin to share his success with helping supply chain automate value analysis by codifying the workflows within the VAMS solution.  Stephen also shares his secret sauce for research and development to ensure that the technology continues to evolve based on the needs of the clients that are utilizing VAMS and participate in regular user group meetings. Be sure to download the Power Supply Media smart phone app for either iPhone and Android so you can access bonus content that we have available for this episode.  Also visit their website: https://www.dataleveragegroup.com/ or find them on Linkedin: https://www.linkedin.com/company/data-leverage-group. #valueanalysis #dataleveragegroup #automation #workflow #VAMS #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

What makes sourcing pharmaceuticals different from other categories within the healthcare supply chain?  Shortages have placed stress on the system that require healthcare organization to look for substitutes and alternative suppliers.  Not everyone understands the underlying causes of these shortages and while the industry has always dealt with shortages there are also newer challenges that may have not been faced in the past.  Greg Chavez joins Hays Waldrop, Garry Skinner and Justin Poulin to provide an overview of the nuances to sourcing pharmaceuticals and offer up his insight into a changing landscape related to regulation, manufacturer mergers and the pandemic. We hope you can join us! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ   And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #pharmacy #pharmaceuticals #regulation #substitutes #shortages #healthsystem #disruption #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

On this week's episode of Power Supply Articles On-the-Go, Bob Yokl talks about the importance of "objection busters" for your hospital's VAT: "One example is a COO who, after a value analysis team meeting where he was their champion, cornered doctors in his hospital’s hallways to discuss why they turned down the opportunity to save money on pacemakers. And believe me, they had better have a good reason for not accepting positive change or he would counter their objections one after another...." Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

How do you move beyond price point in large scale negotiations?  What level of emphasis should benchmarking have in the process and how should data be leveraged to ensure physician and clinician alignment?  How do you identify what the market can bear and prevent an inflated market, especially considering the raw material shortages influencing the market today?  On this week's episode of Power Supply, Brad Forth, VP of Sourcing and Vendor Management at SSM Health joins Hays Waldrop, Garry Skinner and Justin Poulin to share his supply chain experiences before moving into healthcare and offers some tips and insight around navigating system wide sourcing initiatives. Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ   And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #negotiations #largescale #rawmaterials #shortages #healthsystem #disruption #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

On this week's episode of Power Supply Articles On-the-Go, Bob Yokl shares solutions for the little leaks and big outflows that may be happening around your health system: "No longer can we sit by and watch our hospital’s supply expense leaks get bigger and bigger. We need to plug them now, so we can help our hospital sustain a healthy bottom line. If we wait any longer to do so, it will be more difficult to fix these seepages when the whole building is falling down..." Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

It’s no secret that the global healthcare supply chain has experienced unprecedented disruption over the past 2 years. While many of the issues are domestic, these same issues also exist in other countries around the world.  How does the United States compare to other countries and what trends are emerging such as "near shoring"?  On this week's episode of Power Supply, we speak with Sven Schürer, Director Business Development Logistics at JLL, to tap into his global supply chain experience and outline the international conversations happening in our industry which are trying to find answers to these seemingly insurmountable challenges. This is one conversation you're not going to want to miss! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ   And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #global #disruption #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing

On this week's episode of Power Supply Articles On-the-Go, Bob Yokl shares some key strategies for creating a sustainable savings pipeline for your health system: "[I]t’s time that we focus our healthcare supply chain efforts on the development, enhancement, or refinement of our supply chain expense management systems to ensure that we are capturing all the supply expense savings opportunities that are available to our hospital, system, or IDN. You should be aware that without a rock-solid system in place to provide you with a sustainable savings pipeline, your saving machine will come to a screeching halt!..." Tune in for the full article! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

Coordinating all the internal stakeholders through your healthcare organization can be a daunting task during contract negotiations.  Keeping the team engaged and aligned can be difficult enough, but does everyone have clear visibility to the data throughout the process?  Preparation is critical to success, but a big piece of that preparation has to do with developing the supply chain talent in your organization.  What is being done today to provide training and competency evaluation?  On this episode of Power Supply, Hays Waldrop, Garry Skinner and Justin Poulin sit down with Beth Fisher-Yoshida, CEO at Fisher Yoshida International LLC and Rodney Erb, CEO at TruVue Analytics to discuss common gaps and the opportunities that exist when it comes to team alignment, physician engagement, change management and most importantly communication. We hope you can join us! #contracting #contractnegotiations #negotiation #physicianengagement #engagement #changemanagement #teamalignment #competency #skilldevelopment #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing  

On this week's episode of Power Supply Articles On-the-Go, Bob Yokl shares his top 10 best practices for hospital value analysis in the US: "Most value analysis programs focus their efforts on GPO contract and requisition driven offerings, whereas, best-practice hospitals strategically plan their value analysis candidates and target their savings. Results show that strategic planning driven VA programs save 10 to 15 times more than GPO and requisition driven VA programs..." Tune in for the full scoop! Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #ValueAnalysis

These days it seems like you need a crystal ball to write an IT contract that will remain relevant for the next 3-5 years.  How could you possibly anticipate the next cyber threat and the corrective action?  Could you sit down with your CIO and produce a complete list of vendors who connect to your healthcare organization’s network?  If not, then this episode of Power Supply is for you.  On this episode, Hays Waldrop, Garry Skinner and Justin Poulin sit down with Diane Carco, President of Swingtide to talk about the differences between Supply Chain and IT and what information you need to ensure that you have better information in your negotiations. Loving the #PowerSupply conversations? You can now download our free mobile app: Apple: https://zcu.io/sx2h Android: https://zcu.io/xJSJ   And listen at: iTunes -> https://zcu.io/3Zef Spotify -> https://zcu.io/eBXx Stitcher -> https://zcu.io/2gMi Amazon Podcasts -> https://zcu.io/Xo2S Google Podcasts -> https://zcu.io/O8SY #IT #cybersecurity #cyberinsurance #InformationTechnology #Technology #SLAs #software #PowerSupply #Podcast #Education #SupplyChain #Healthcare #Purchasing #Contracting #Strategic #Sourcing