Non Labor

10 Must-Reads for Healthcare Executives to Fund Their Hospital’s Future

Welcome to the second edition of our Novia magazine, featuring 10 must-read articles for healthcare executives to fund their hospital’s future. We’re excited about this new publication of healthcare thought leadership – and we hope you are too. It includes best practices, key learnings, trends and thought-provoking articles that we’ve published over the past few Read More >

5 Tips to Cut Supply Chain Costs

Have you, like many systems, struggled to reduce your non labor expenses to meet budget demands? Is your organization finding it difficult to sustain previous expense reduction and find new opportunities? Here are 5 tips to help get your non labor expenses and your supply chain back on budget – and keep it there. 1. Read More >

Taking cost out of supply chain: Make versus buy

Author Janice Davis, Senior Consultant with Novia Strategies, discusses the benefits of two options to reduce supply chain costs, self-distribution and fee management, in her new blog. As the healthcare industry transitions from volume to value-based care, controlling supply chain costs becomes increasingly important. Supply chain executives must continually seek to reduce cost while operating Read More >

Physician Preference Cards: An OR Director’s Key to Efficiency

Efficiency and cost management – the metrics by which OR Directors live and breathe. Data on First Case On Time Starts, cut to close times, room turnover, supply usage help administrators keep a close eye on how efficiently their perioperative suites are running. And among the tools every OR Director should use to ensure they’re Read More >

5 keys to getting value from your value analysis process

One of the first questions I ask my new clients is about their value analysis review process. Why? Because that’s the rigorous process every hospital and system needs in order to ensure they’re effectively managing supply expenses. You, like almost every CFO and Supply Chain VP I speak with, are probably nodding your head right Read More >