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The End Drug Shortages Alliance, a newly launched collaboration of key stakeholders from across the health care industry, announced the appointment of its board of directors, including the chair and vice chair, as well as its mission and vision statements at its first all-member meeting. The meeting was held in the first quarter of 2022.  …

End Drug Shortages Alliance reveals board, mission, visionRead More

(Becker’s Hospital CFO Report) Indiana University (IU) Health reported a net loss of $358.54 million for the first quarter of 2022 as its labor expenses soared, according to its financial results released April 28. The system had a net income of $330.5 million for the same period last year. IU Health, a 16-hospital system, had $1.93 billion …

IU Health reports $358M net loss; labor up 25%Read More

Providing excellent care inside and outside of the traditional hospital is the new normal for patients, clinicians, and payers seeking more choices without compromising excellent outcomes. Medtronic and GE Healthcare have announced a collaboration focused on the unique needs and demand for care at Ambulatory Surgery Centers (ASCs) and Office Based Labs (OBLs). Under this …

Medtronic, GE Healthcare collaborate for outpatient careRead More

VillageMD and Walgreens Boots Alliance announced a goal to open more than 10 new Village Medical at Walgreens primary care practices in Massachusetts by the beginning of 2023. The first location is expected to open in May in Quincy followed by locations across the state including locations in the Boston area.  “VillageMD and Walgreens are working …

Walgreens, VillageMD expand to MassachusettsRead More

By John Strong, Co-Founder, Access Strategy Partners Inc.  With all the data out there, Frontiers© wants you to stop and ponder a few numbers we unearthed in the past couple of months. Smart orthopedic implants are on the horizon, and at a cost estimated at $20,000 each. In fact, CMS has already aligned certain incentives for monitoring a …

Frontiers of the Healthcare Supply Chain: Supply Chain by the NumbersRead More

Newsweek and Statista present their first annual ranking of America’s Most Trustworthy Companies. They looked at publicly traded U.S. corporations in 22 industries with $500 million or more in annual revenues and then surveyed 50,000 U.S. residents. Respondents were asked about companies they knew well and were, asked among other things, if they believed individual companies …

Newsweek: America’s most trustworthy companies 2022Read More

Supply Chain Dive is tracking the shift to 24/7 supply chain operations for public and private sectors across the country. Import surges throughout the pandemic unveiled the problems and challenges at a structural level that businesses have faced transporting products into and across the United States for years. At several points throughout the pandemic, there have …

The shift to 24/7 supply chains in the U.S.Read More

Advocate Aurora Health wrapped up its bounce-back year with higher operating income, patient service revenue, expenses and investment income, culminating in a 2021 net income of $1.85 billion—more than triple the $558 million it had posted in 2020. Each of these increases was attributed to the diminishing impact of the COVID-19 pandemic, which had inflicted …

Advocate Aurora Health triples net incomeRead More

Medline has entered into a multi-year, $725 million prime vendor partnership with Mount Sinai Health System. As the system’s primary supplier, Medline will provide an extensive portfolio of essential medical supplies and solutions across the health system’s eight hospital campuses, school of medicine and ambulatory practices.   Under the terms of the agreement, Medline will place multiple team …

Mount Sinai, Medline strike $725M multi-year vendor dealRead More

In The Journal of Healthcare Contracting’s Leading Non-Acute Change Podcast Series sponsored by McKesson, Scott Adams interviews Karen Ryan, a category project manager with Centura Health, on how non-acute facilities are expanding and how the supply chain can collaborate between non-acute care, supply chain distribution and all critical access within that continuum. Listen to the …

Leading Non-Acute Change Podcast: Karen Ryan, Centura HealthRead More

Cardinal Health announced plans to build a 574,670-square-foot medical distribution center in the Columbus, OH, area.  The new building will integrate automation and technology to work alongside Cardinal Health employees; improve safety, service and quality; deliver operational efficiencies; and better support fluctuations in volume and labor to provide customers with a predictable and stable customer experience.  “We’re building …

Cardinal Health expands medical distribution footprint in Ohio Read More

Owens & Minor has closed the previously announced acquisition of Apria, Inc. The acquisition was consummated for total consideration in cash of approximately $1.6 billion. The purchase was funded with a combination of debt and cash on hand.  The combined entity will create a broad portfolio of complementary products to service patients with chronic and …

Owens & Minor completes acquisition of Apria for $1.6BRead More