Johnson & Johnson Medical Devices Companies Offer a Tailored Approach to Help Hospitals and Health Systems Improve Supply Chain Efficiency
SOMERVILLE, NJ – August 23, 2017 – Spectrum Health realized considerable improvements across its twelve-hospital system with help from CareAdvantage from the Johnson & Johnson Medical Devices Companies and its Supply Chain Optimization capability*. Leveraging this approach, the Johnson & Johnson Medical Devices Companies (JJMDC)** have helped Spectrum Health cut the weekly number of out-of-stock devices by half, nearly eliminated expedited shipping fees, and reduced the average number of days that products are out of stock.[i]
For many hospitals and health systems making the transition to value-based care, the supply chain continues to be a strategic area of focus to identify opportunities for managing costs while improving the quality of care. For instance, nearly one-fifth of clinician time is spent on supply chain and inventory management, and reducing supply chain inefficiencies can help increase clinician time to be spent with patients, on research and education, or even training new staff.[ii] Additionally, up to 45 percent of a provider’s operating budget can be attributed to total supply chain costs, which could have been reinvested into improving patient care.[iii] CareAdvantage (www.careadvantagejjmdc.com) offers a tailored approach to help improve supply chain efficiency, decrease complexity, and reduce waste through best-in-class order performance, inventory management, and logistics strategies for JJMDC products.