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  • 5 Steps to Cut Supply Costs at GI-Driven ASCs

    1. Gather data on materials used. For most efficient inventory management, gather data on supply usage to understand how to fulfill your case volume in the future. “Knowledge is power; you have to know what your spend is and your projected case volume for the future to make purchasing decisions,” says Mr. Smith. “You have to know what you’ve used in the past and what you’ll need in the future.”

    Data is also useful during contact negotiations. “We encourage centers to do case costing and price comparing of materials used, and make sure they are using products that are on contract with their group purchasing organization,” says Mr. Smith.

    2. Don’t overstock. Many GI-driven centers have a tendency to overstock materials to avoid shortages, but too much inventory can make an impact on the ASC’s bottom line. “We have such tight margins when it comes to GI READ MORE

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