Iowa Hospital Taps Optime for Innovative Supply Chain Project
SKOKIE, IL, Oct 12, 2012 (MARKETWIRE via COMTEX) -- Mercy Medical Center in Cedar Rapids, Iowa, has selected Optime Supply Chain to support the application of Lean production principles to supply utilization analysis, seeking significant savings and improved quality of care.
"Lean, an underpinning of the Toyota Production System, has previously been used by healthcare organizations to get rid of waste in inventory or procurement systems, but Mercy is the first that I am aware of to apply it to the supply utilization process," said Optime CEO Ed Hisscock. "As a leader in their community, Mercy is part of an ACO, and having the ability to truly study the utilization of resources and comparative effectiveness across service lines will establish new levels of performance."
In particular, Optime will bring its SmartANALYTICS(TM) application to Mercy. The solution details the actual cost/revenue per patient care episode, identifying opportunities to reduce the variation in the use of supplies and other resources. The project also will utilize Optime's SmartSOURCE(TM) strategic sourcing, workflow and contract management application.
"Looking at the total value stream from patient demand through product delivery ensures a standard, efficient process, bringing value in the form of safe, quality products at a lower cost to our clinicians and our patients," said Mike Trachta, Executive Vice President and Chief Operating Officer at Mercy.
About Optime Optime Supply Chain, Inc. delivers holistic solutions that reduce waste and variation in procurement and utilization, empowering healthcare organizations to achieve sustainable cost reductions and improved patient care. Its technology, processes and expertise -- informed by decades of supply chain experience -- are highly configurable and integrate seamlessly into organizations' current operations. Through its workflow, analytics and sourcing optimization applications, Optime becomes a partner that helps hospitals and integrated delivery networks control their supply chain destinies. For more information, visit optimesupplychain.com.
About Mercy For 112 years, Mercy Medical Center in Cedar Rapids, Iowa, has delivered The Mercy Touch(R) by partnering the latest technology with compassionate and high-quality patient care. Mercy is a fully accredited 445 licensed-bed regional hospital. Founded by the Sisters of Mercy, the medical center offers a wide range of patient services from the integrated cancer care accredited by the American College of Surgeons to the Chest Pain Center accredited by the Society of Chest Pain Centers. For more information, log onto www.mercycare.org .
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