OPTICSM | Optimal Inventory Control
MHS’ Optimal Inventory Control (OPTICSM) solution helps hospitals increase profits by reducing clinical supply costs without new hardware, software, or additional hospital staff. OPTICSM draws on extensive experience in supply chain management and detailed knowledge of the latest technologies, leading supply chain practices and implementation methodologies.
Nationally recognized healthcare organizations located throughout the U.S. utilize the company’s physical inventory services, enabling them to save 30 to 40 percent of the cost of conducting inventories and doing Item and Vendor File maintenance internally.
Operating Room (OR) inventory is the second largest cost in running a hospital and because many healthcare organizations do not have a management system to keep track of all their clinical supplies, there is a significant amount of waste and inefficiency. The average 350-bed hospital has approximately $2 million in clinical supply inventory sitting in its operating rooms alone. Yet up to 30 percent of the items – or $600,000 in inventory – may not even be on record in the Item Master. The pie chart below further illustrates the immense opportunity this situation provides for the implementation of a clinical inventory management solution.
By adopting a clinical inventory management system hospitals are able to transform their ability to succeed in a changing environment and take advantage of savings opportunities, such as:
- Decreased Inventory Investment (15-20 percent 1st year)
- Decrease Supply Spend (2.5-5 percent over 2 years)
- Increase Item Database Accuracy for Improved Cost per Procedure Reporting
- Support Expanded Product Standardization Opportunities
- Monitor and Enhance Contract Compliance
- Reduce Emergency Freight Costs
The OPTICSM solution is a 3-step process of counting, cleaning and optimizing. This begins a physical inventory count ensuring your clinical inventory is accurate, compliant, right-sized, and your item master is always clean, complete and maintained, and that the appropriate levels of supplies are ordered and stored to meet service level demands.
MHS offers reliable, cost-effective clinical inventory services designed specifically for the healthcare industry.
establish a baseline value >Cut clinical supply expenses by cleaning and managing critical clinical supply item data.
ensure accurate data >
We specialize in building a controlled clinical supply flow that ensures accuracy and drives cost out of the process.
automate supply processes >Management Health Solutions, Inc. is deployed at leading hospitals throughout the country.