AMS and SupplyCopia Team Up to Create Industry’s Most Comprehensive Medical Implant Resource Lynnfield, MA & Basking Ridge, NJ – Nov. 30, 2021 – AMS, a healthcare affordability software company that provides clinical insights and financial analysis of the costliest and most complex medical claims and SupplyCopia, a rapidly growing provider of innovative supply chain solutions, today announced a strategic alliance to furnish clients with the most comprehensive insights for medical implants and devices. AMS’ PredictIx module provides payers with the most accurate cost information on purcha ..read more

SupplyCopia Unveils New Cost, Quality and Outcomes (CQO) Solution at AHRMM21 Successful initiative proves new technology solution that allows users to “tune the dials” that impact CQO Basking Ridge, NJ – August 19, 2021 – The biggest challenge for many healthcare provider organization remains: how can you consistently get visibility to the key variables that impact Cost, Quality and Outcomes? And then, how can you “tune the dials” to adjust them? SupplyCopia invites AHRMM21 attendees to learn about a new solution that is paving the way for effective management of their unique CQO variables ..read more

SupplyCopia and Ron Denton & Associates Team Up to Advance Healthcare Supply Chain Solutions With Artificial Intelligence (AI) and Machine Learning (ML) Experts in healthcare supply chain processes and technology will help clients gain access to services that enhance, automate, and expedite supply chain initiatives Basking Ridge, NJ and Knoxville, TN – July 27, 2021 – SupplyCopia, a rapidly growing provider of innovative supply chain solutions, and Ron Denton & Associates, a renowned provider of comprehensive supply chain services, today announced a strategic alliance to help their ..read more

Building a Cost, Quality and Outcome Methodology: 6 Steps to Get Ready to CQO Costs go up, reimbursements go down. You have to act fast to be sure your health system can keep healthy and delivering care to your communities. Let’s get started with a quick quiz. How would you answer these questions? Are your surgical procedures are profitable? Do payer reimbursements cover all costs? Do reimbursements generate enough profit margin to support the organization overall? Which lines deliver the greatest outcomes to patients? Which lines deliver the greatest profit? Are there procedures or physi ..read more

SupplyCopia Launches Cost, Quality and Outcomes (CQO) Report on McLeod Health Total Joint Replacement Pilot Year-long study results in development of perioperative dashboard that identifies supply combinations that improve patient care quality, reduce costs, drive greater revenue Basking Ridge, NJ – July 15, 2021 – SupplyCopia today published a report on a year-long pilot program conducted in collaboration with McLeod Health, a locally-owned, not-for-profit healthcare system based in South Carolina. The pilot program focused on total joint replacement procedures, and resulted in several maj ..read more

Healthcare’s Bermuda Triangle: 4 reasons healthcare organizations struggle to understand - and adjust - their CQO variables   by Ashok Muttin, CEO, SupplyCopia   What’s the biggest challenge faced by healthcare organizations today? I’d argue it’s in gaining visibility to – and being able to adjust – the variables that drive Cost, Quality and Outcomes (CQO) across service lines and procedures. For example, if we switch out one supply for another in a case, say a different manufacturer/brand knee implant, or use more or fewer ancillary supplies (e.g., antibiotic bone cement) what wi ..read more

The CQO data dilemma: 8 steps to overcome disparate systems and data sets   by Ashok Muttin, CEO, SupplyCopia   In order to impact cost, quality and outcomes (CQO), you need to know how much your health system or hospital spends on each procedure, how much you billed the payer, what the payer reimbursed you and whether the patient had a successful outcome, or experienced complications that added costs (e.g., infection, readmission). All of this information belongs to different functions and resides in different systems: Supply chain/ERP/product cost data Clinical/point of use (PO ..read more

Improving Cost, Quality and Outcomes (CQO) with a Rock-solid Bill of Materials (BOM)   by Ashok Muttin, CEO, SupplyCopia If your hospital’s physician preference cards were the foundation for building an aircraft engine – would you fly in that plane? Imagine you’re building an aircraft engine. You’ve got a comprehensive list of the thousands of parts required to construct it – from the fan blades that are measured in feet to hex nuts measured in inches. Referred to as the Bill of Materials (BOM), this list is inherently comprehensive, containing all components for assemblies and subas ..read more

4 Surprise Discoveries from a CQO Initiative: The Aha! Moments That Make a Difference   by Ashok Muttin, CEO, SupplyCopia   As the old saying goes: You don’t know what you don’t know. Unfortunately, this is the case in many health systems and hospitals when it comes to cost, quality and outcomes (CQO) variables. Disparate systems and data on supply costs/usage, billing/reimbursement and patient outcomes prevent health leaders from understanding the true costs of care and what factors generate the greatest value (best outcomes at the lowest cost). But when a healthcare organization ..read more

5 Keys to Successful CQO   by Ashok Muttin, CEO, SupplyCopia   Like most healthcare organization leaders, you’re trying to define ways to reduce costs and increase revenue while maintaining patient care quality and improving outcomes. It’s not easy. Because making meaningful impacts to cost, quality and outcomes (CQO) requires collaboration, visibility and transparency. It also requires multiple stakeholders – clinical, supply chain, finance and quality – to align around the factors driving costs higher and determine the best path for your organization to address them. McLeod Heal ..read more