Mika Health

How Can Mika Health Drive Profitability for Surgery Centers? 💡 Discover our top features designed for ease of use: 🔵 Predictive Inventory Management: Mika Health forecasts future inventory needs based on historical usage patterns, previous orders, upcoming surgery schedules, and seasonal variations, ensuring that surgery centers always have the necessary supplies. ASCs can also reduce the need for expensive emergency orders and minimize waste. 🔵 Expiration Date Management: Our software tracks the shelf life of their inventory accurately and sets automated alerts to notify staff of upcoming expirations. This enables timely usage or redistribution of products before they expire. Ensuring all products are within their expiration dates enhances patient safety and reduces the risk of costly fines and legal issues. 🔵 Data Visualization of Previous Orders: With Mika Health, ASCs can generate reports quickly, make more informed decisions about future orders, and adjust their procurement strategies accordingly using data on past purchasing behaviors and usage trends. 🔵 Product Relocation: Our feature simplifies transferring supplies from one location to another, ensuring optimal inventory distribution across multiple sites. Mika Health can balance inventory levels and help more extensive healthcare networks obtain significant cost savings. Ambulatory Surgery Centers have the potential to achieve a substantial ROI due to their focus on outpatient surgical procedures and diagnostic services. With Mika Health, they can achieve financial goals faster by optimizing their supply chain. Visit our website to learn more about out product. 💡 🔗 https://lnkd.in/dKCEiymE #AmbulatorySurgeryCenter #SurgeryCenter #ASC #HealthcareSupplyChain #ASCsoftware #ASCGrowth #ASCInnovation

⭐ 4 Strategies to Reduce Unnecessary Inventory Waste and Save Costs in ASCs Reducing unnecessary inventory waste not only minimizes costs but also increase patient safety and resource utilization. With Mika Health, Ambulatory Surgery Centers (ASCs) can implement targeted strategies to address these challenges. Here are 4 examples: 1️⃣ Emphasize Value-Based Care with Data-Driven Inventory Management ASCs can use Mika Health to generate comprehensive reports on past purchasing behaviors, usage trends and clinical outcomes. This helps ASCs identify high-value, frequently used supplies and the most effective items and practices, ensuring high-quality care. 💰Potential Savings: Adopting value-based care practices can result in savings of $1,000 to $3,000 per patient annually. 2️⃣ Implement Predictive Inventory Management With Mika Health, ASCs can analyze historical orders, upcoming surgery schedules, and seasonal variations to ensure they stock the right amount of supplies at all times without overstocking. 💰Potential Savings: Effective inventory management can save ASCs up to $600,000 annually. 3️⃣ Optimize Expiration Date Management ASCs can leverage Mika Health's expiration date management feature to track the shelf life of items effectively and set automated alerts to notify staff of upcoming expirations well in advance. 💰Potential Savings: Healthcare facilities can save approximately $200,000 per year by reducing expired product waste. 4️⃣ Product Relocation and Redistribution ASCs can use Mika Health's product relocation feature to facilitate the transfer of supplies between different locations within the surgical center or across a network of centers. 💰Potential Savings: Efficient redistribution can reduce inventory costs by 10%, saving up to $300,000 annually. There are many more possibilities to maximize savings in your ASC. Would you like to know more about it? Contact our team and book an exploration call today. https://lnkd.in/dnHsShbp Sources: Healthcare Financial Management Association (HFMA) #ASC #SurgeryCenters #HealthcareInventoryManagement #HealthcareSavings #HealthcareSupplyChain #ASCInnovation

🚨 Vacancies in #HealthcareSupplyChain ScionHealth - Materials Management Manager 📍Albuquerque, NM https://lnkd.in/dGZfnjiZ OhioHealth - Supply Chain Manager 📍Columbus, OH https://lnkd.in/dinv678y Healthcare Outcomes Performance Co. (HOPCo)- Supply Chain Manager, 📍 Phoenix, AZ https://lnkd.in/d-SUWd4m Huntington Beach Hospital - Material Manager 📍 Huntington, CA https://lnkd.in/dpwapCDP Subscribe to the Health Supply Chain Journal and receive our curated list with the latest supply chain opportunities directly to your email. 👉 https://lnkd.in/dszV_SSE #MedicalSupplyChain #SupplyChainLeaders #HealthcareJobs

Physicians are not just end-users of medical products; they are vital partners in the supply chain. Physician insights ensures that supply chain decisions are made with a comprehensive understanding of clinical needs, leading to better patient outcomes and more efficient resource use. #healthcaresupplychain #healthcareinventorymanagement #physician

ASCs can perform a wide range of procedures that do not involve prolonged recovery times. They often have strict operations, reducing unnecessary delays and resource utilization and lowering insurer costs. These benefits have positioned ASCs as one of the fastest- growing in the healthcare market. We invite you to read the full study. Link in the first comment. #AmbulatorySurgeryCenters #SurgeryCenters #HealthcareTrends

Patients are the main reason why the ASC market is growing 💡 The average cost of an excision of cataract with removal of lens in an ASC is $1,711, compared to $2,748 at HOPDs. This significant cost difference benefits patients and has contributed to the ASC market being valued at USD 93.81 billion in 2023, with North America leading with over 43.32% revenue share. So what are the factors accelerating the growth of ASCs in this region? 🔵 ASCs primarily serve patients who do not require extended hospital stays, allowing for quicker recovery at home and reduced overall medical costs. 🔵 ASCs offer a cost-effective alternative for patients, particularly those who are unable to afford high medical bills. 🔵 Recent additions of new CPT codes by CMS for ASCs have expanded the range of procedures that can be performed. 🔵 Communication with doctors in ASCs is often open and direct, and the procedures are hyper-specialized, ensuring high-quality care. 🔵 There’s a significant increase in chronic conditions that need minor surgical interventions, most of which can be effectively performed in ASCs. While the lower cost of procedures is a primary driver of ASC growth, other factors also contribute to this trend. To sustain this growth and enable leaders to capitalize on it, administrative processes must become more efficient, and cost control is essential. Embracing technology for both medical and administrative tasks will be crucial in maintaining high standards of care and operational efficiency. #ASCs #Healthcare

Better inventory management can increase savings by up to 20-30% of the total inventory costs. How can ASCs achieve this? Learn some effective strategies to build a solid and efficient supply chain process in our latest article. #AmbulatorySurgeryCenters #SurgeryCenters #ASC #HealthcareSupplyChain #HealthcareInventoryManagement #ASCInventory #ASCTrends

How to Manage a Successful Ambulatory Surgery Center? 💡 Besides the knowledge in the specialty and in the specific type of surgery, there are three additional skills required to run an ASC: 1️⃣ Leadership 2️⃣ Process Building 3️⃣ Team Management Here’s why: Practice managers are responsible for everything from annual performance plans to patient interactions. Developing and implementing standardized processes is crucial for maintaining consistency, efficiency, and quality in their operations. This requires meticulous planning and adherence to high standards of patient care. Inventory management and procurement, including supplies, medications, and other items, also fall within the practice manager's role. In this area, they can find more savings opportunities to maximize their revenue. 💰 With so many responsibilities, practice managers must be leaders who know how to manage a team and resources effectively to ensure the center operates smoothly. They also need to choose effective digital solutions that can boost their productivity and provide proper training, ensuring that all staff can save time when performing administrative tasks. How can Mika Health help practice managers achieve their goals? ✔ Save time and improve patient flow. ✔ Reduce administrative burden by automating inventory tracking and audits. ✔ Generate accurate reports in minutes and detect cost-saving opportunities based on historical data. ✔ Track expiration dates automatically and relocate products to minimize waste. ✔ Automate ordering and restocking to ensure tools and supplies are always available. Timing is everything when running a successful Ambulatory Surgery Center. Proper timing minimizes patient wait times and delays, increasing the number of procedures performed. If you want to learn more, visit our website and discover how Mika Health can help you transform your operations. 🔗 https://lnkd.in/dKCEiymE #AmbulatorySurgeryCenter #SurgeryCenter #ASC #PracticeManager #HealthcareSupplyChain #ASCsoftware #ASCTrends #ASCGrowth

The most common challenges that Ambulatory Surgery Centers (ASCs) face in predictive inventory management are unnecessary waste and under-stocking. Each pain point contributes to increased costs and inefficiencies, preventing ASCs from achieving revenue goals. 💥 1️⃣ Unnecessary waste includes expired supplies, overstock items, supplies opened for procedures but not used, and goods damaged during storage or transport. Most of this waste results from poor inventory practices, duplicated orders, or improper stock rotation that fails to follow the first-in, first-out principle. 2️⃣ Under-stocking occurs when ASCs do not have sufficient inventory to meet the demands of scheduled procedures, emergency situations, and routine operations. It can involve medical supplies, pharmaceuticals, sterilized procedure instruments, and personal protective equipment (PPE). ASCs facing under-stocking struggle with operational inefficiency, delayed procedures, and high cancellation rates, all of which negatively impact patient satisfaction and trust. So, how can ASCs effectively tackle under-stocking and waste prevention? A customized inventory management system that tracks stock levels in real time can help ASCs increase operational efficiency and significantly reduce cancellations or delays. Additionally, when ASCs adopt a data-first policy, they can better control their budget, manage their stock more efficiently, and save costs. 📈 Mika Health conducts audits and analyzes historical data to forecast demand accurately and adjust inventory levels accordingly. Our solution helps physicians and staff spend less time handling supply chain issues and accelerate growth. ⬆ Visit our website and learn more about how Mika Health is reducing the cost of care by redefining the healthcare supply chain. 🔗 https://lnkd.in/dKCEiymE #ASC #AmbulatorySurgeryCenters #HealthcareSupplyChain #ORSupplyChain #HealthcareInventoryManagement #SurgeryCenters #HealthcareInnovation #ASCRevenue #ASCSoftware