What is bill only?
Bill Only typically refers to those products that are delivered the day of or the day prior to a procedure. These are typically implants such as those used in orthopedic procedures. The hospital doesn’t record these items in their inventory like they do most products. However, the hospital has to generate a purchase requisition and pay the vendor. Thus the term bill only.
What is customer-owned inventory management?
Customer-owned inventory management is the practice of a supply chain management company controlling warehousing, pick, pack, ship, and delivery of inventory that is owned by the customer whether sourced through non-traditional suppliers or traditionally distributed. The customer-owned inventory is stored and managed in distribution centers and replenished directly to the dock, stocking location, or point-of-care.
What is Emergency Preparedness?
Emergency preparedness is the creation and implementation of proactively established action plans and pre-determined, situation-specific orders such as hurricane orders and emergency product storage needs that can be activated in the event of an emergency.
What is an enterprise dashboard?
An enterprise dashboard is typically a feature of a software solution that, for the purposes of a hospital, aggregates data from different departments or the same department from different hospitals and presents the data on a single screen. The data can be displayed in raw form but is often displayed visually in the form of a chart. Enterprise dashboards are often customizable, displaying data that the user chooses. There can also be a role-based enterprise dashboard, displaying information relevant to a given role within the hospital, such as Supply Chain Director.
What is inventory management?
Inventory management is people, processes and technology integrated together to provide the right product in the right number of units at the right place at the right time at the right price.
What is inventory visibility?
Inventory visibility refers to the ability to see data or information on your inventory. At its most basic inventory visibility is about seeing inventory counts of individual products. But solutions like Owens & Minor’s QSight, provide deep visibility into a hospital’s inventory by providing data on such things as expiring and expired products when to order products, products on backorder and so much more.
What is LUM?
The current meaning of LUM regarding supply chain management is "Logical Unit of Measure". Other commonly referenced terms are "Low Unit of Measure", “Just In Time” (JIT). The new definition better describes the emphasis on Just In Time methodologies to set inventory levels to the correct unit of measure for the specific need. The focus is to find the unit of measurement that provides the most efficient level to support patient care, not necessarily the lowest. The main objective for LUM is to provide products in the most efficient amount or quantity from a distributor. The orders are picked, packed and delivered by the distributor to the stocking location, end-user department or point-of-care. This allows hospitals and medical centers to spend less time on managing inventory and focus resources on value-added tasks and greatly reduce inventory, saving money and valuable storage space.
What does outsourced logistics mean?
Distribution, warehousing and logistics services for manufacturers, including all operational needs such as customer service, order origination, invoicing and accounts receivable, remote inventory management and transportation management.
What is pandemic preparedness?
Pandemic preparedness is the creation and implementation of proactively established action plans and pre-determined, situation-specific orders and pandemic product storage needs such as strategic stockpiles of PPE that can be activated in the event of a pandemic.
What are PAR levels?
Periodic Automatic Replenishment or PAR levels are the minimum and maximum levels quantities hospitals establish for products they hold in inventory. When a product gets close to the minimum level of a product the product should be re-ordered. Maximum PAR levels help prevent over-ordering of product. Many hospitals struggle with establishing PAR levels, often because of a lack of data. And that’s where a solution like QSight comes in. QSight has the data and can use the data to establish the right PAR levels.
What is meant by perioperative?
Perioperative is that period of time before, during, and after a patient’s surgery. However, in many instances, it is referring to the time pre and post-surgery.
What are physician preference cards?
Physician preference cards are cards maintained by the hospital that list a physician’s preference for supplies and the procedure room environment by procedures. They detail things such as what sutures and implants the doctor prefers and often even detail the temperature of the room or the music they like to listen to during the procedure. Physician preference cards that are inaccurate or not kept up too late can lead to inefficiencies and needless activity, such as picking the wrong products for a case.
What is supplier management?
A systematic approach of assessing suppliers’ performance, strengths, weaknesses and capabilities to determine how best to segment and engage on different activities and initiatives. The focus is to develop a collaborative partnership that drives value, acceptable standards of quality, service and performance, reduces risk and delivers on our commitment to help customers lower total cost and while improving the health of the supply chain.
What is a surgical procedure kit?
A surgical procedure kit is a kit that contains nearly everything needed for a procedure. Typically for procedures, the supplies needed for a procedure are individually and sterilized the day before or the day of a procedure. With a surgical procedure, nearly everything is right there and thus there is no pulling of supplies for a procedure. It saves time and increases efficiency. It can also decrease operating room turnover time, the time between procedures.
What is suture management?
Suture management refers to the management of inventories of suture and endo-mechanical products. The primary objective is to ensure that proper levels are maintained and replenishment supplies are ordered and delivered when needed. Sutures and endo-mechanical products are typically stored in the operating room, the labor and delivery area, and the ER and are critical for all types of medical procedures. They come in various sizes, are made with different materials, and come with different needle types. If not properly managed, one of two things usually results. The first is not having the right sutures on hand when they are needed. The other is having far too much inventory on hand just to be “on the safe side.” A suture management program can help ensure neither happens.
What are Unique Device Identification (UDI) codes?
UDI codes are an alpha-numeric code established by the Food and Drug Administration to adequately identify medical devices through their distribution and use. They were first used on medical devices but are now increasingly common on other products used in procedures. They are typically either manually entered into a computer or scanned by a solution like QSight that helps hospitals manage their inventory.