1:54

Current State of VMI

November 29, 2023

Video Transcript


But how would you kind of, you know, 40,000 ft level, what are the other trends, what's the state of the vendor-managed inventory as we know it today? Yeah. So I, you know, relative to specific trends that are going on first, everyone recognizes that the costs are significant and it's very difficult from year to year to control cost. So, everybody and we've seen some great partnerships with, with our clients and our vendors who have kind of jointly said, how can we work more closely together with ReadySet if ReadySet's able to provide us the data, how are we able to kind of optimize our workflow so that we are eliminating you know, case delays, cases being rescheduled and oh, by the way, improving the patient experience as it's happening. So when, when, you talk about trends, I would say the the two biggest ones are first optimizing the patient experience and all of the things that go with that. So, you know, when you're supposed to show up, you know, when you're gonna have your case completed, if you know, if it's an elective case, you, when you, you go there when you're supposed to and you get the case done and you, you have a healthy outcome. But and then there's also just kind of how many people do you really need in that workflow to make sure that you're delivering that in an optimum fashion. And, you know, in the SPD is an area where again you're so overworked, so much overtime and it's all because of these, you know, kind of non quality events that, that that, that we mentioned earlier.



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