If your practice needs to purchase medications to administer in-office (such as infusions or injections), you would typically follow a buy-and-bill model of reimbursement and get the drugs directly delivered to your organization. There are several benefits to using this …
Technology can play a vital role in improving patient care and safety. The right tools can, in fact, assist healthcare providers in reducing medical errors, communicating better between clinicians, and encouraging people to be more involved in their care. In …
Case Costing in Surgery Centers Keeping a tight rein on costs and managing operational efficiency are the hallmarks of every successful surgical center. Case costing analysis, which captures both the costs of supplies used as well as any indirect costs …
The Cost of Dispensing the Wrong Medication As per the statistics, the frequency of incidents involving the incorrect medication dispensing is alarmingly high. According to the Food and Drug Administration (FDA), they receive a staggering 100,000 reports annually concerning such …
In hospitals, more than a third of the budget is allocated to supplies. According to a case study by the SAC College of Pharmacy, introducing inventory control measures for managing the most expensive medicines in a 1500-bed government-run hospital can …
Inflation has affected all aspects of the global economy, including the healthcare supply chain. Per the Consumer Price Index, the average price of consumer goods increased by 7.9% between February 2021 and February 2022 – a 40-year high. Labor costs …
Ambulatory Surgery Center growth continues to accelerate. Here’s how to improve your ASC supply chain’s efficiency.
When physician offices make purchasing decisions for acquiring drugs, they usually follow a buy-and-bill process. The ‘buy’ aspect refers to providers ordering the medication, while the ‘bill’ has to do with getting reimbursements from third-party payers. This model offers several …
Drug and medical supply manufacturers operate in heavily regulated environments where assigning lot and serial numbers to their high-value, highly customized products is required for better visibility of the supply chain. The growing use of lot and serial numbers for …
The healthcare sector is growing thanks to greater access and consistent life expectancy increase. As a result, many clinics are struggling to keep up with the demand and improve their return on investments. This is why most healthcare organizations are …
Recently, ArbiMed Inventory asked those in the Retina community to share with us the impact that COVID-19 has had on their practices. Here’s what we learned… Our recent survey of Retina and multi-specialty practices provided some noteworthy insights regarding the …
The healthcare business management sector is struggling to keep up with the increasing costs and demands thrown its way every year. Combined with a lack of process, and turnover in support staff, this means that it can be quite hard …
We are excited to announce that ArbiMed Retina, our Dose Tracking Software designed for Retina specialists, is featured in the January issue of Retinal Physician magazine! Read the full story below. NEW PRODUCT APPLICATIONS: Keeping Track of Costly Retina Medications …
Written by Marla DiCarlo For medical operations of any kind, including retina clinics, inventory is one of the primary expenses. The costs of maintaining an inventory are on the rise, but not having what’s needed at any given time can …
The expense and ubiquity of injections makes knowing the status of every dose imperative. AS FEATURED IN OPHTHALMOLOGY MANGEMENT MAGAZINE: Retina Injection Dose-Tracking Software Offers Multiple Benefits Modern retina practices deal with an inventory of very expensive injection medications. When …
The American Academy of Ophthalmology hashtag#aao2019 annual meeting is fast approaching. Leading up to the show we will share a new question each day next week that Retina & Ophthalmology practices can use to help better assess their inventory management …
Given all the reimbursement hoops there are to jump through and the significant costs associated with injectable medications, it makes sense that today’s most efficient Retina practices take inventory management very seriously. Whether it be determining par levels and creating …
Challenge in Medical Operations The cost and challenges within the clinical business operation keep increasing at significant speed and health practitioners everywhere are feeling the pressures. There’s a tighter squeeze by payers for reimbursement and little ease from contract negotiations. …
Dose tracking will be increasingly crucial as health care continues to experience change, since providers must effectively manage patient treatment and protect valuable prescriptions. But how can doctors effectively implement dose tracking in their practice or facility? Why Dose Tracking? …
These days many healthcare providers are looking to gain a competitive advantage through medical practice software and other systems. But investing in technology can be tricky. How can providers avoid making big mistakes when it comes to tech investments? The Smart …
Hospitals often struggle with inventory management. Are there strategies for bringing this problem under control to better serve patients?
As the global community now struggles to find a solution for the recyclable waste crisis, what can medical providers do to address this challenge?
How can accurate and timely data help individual practices and facilities strengthen their balance sheets?
Many medical practices and facilities estimate how much inventory they will need using traditional methods like Excel or pen and paper. This approach is simple at first, but its limitations will be apparent as the practice grows. What other methods are available for a growing business?
EDI technology is not new. But many medical practices are still not taking advantage of its capabilities to optimize spending and save money.
