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Z5 Inventory is on a mission to help healthcare providers avoid unnecessary expense due to product expiration.  The company offers a range of software and services powered by the Z5 Inventory Platform to conduct medical supply inventories and identify slow and excess product to reallocate it before it expires.

Five To Save | Your Hospital Is Your Business. Act Like It | Jan. 21, 2019

1/21/2019

FTS - Business Contract

Here's a crazy idea: running a hospital like a business.

In most of the businesses where we've worked, efficiency is seen as a good thing. Saving money internally means savings for the customers, which makes them loyal, which increases profits. 

There's a problem in healthcare, though: the customers have always come, no matter what. 

But not anymore. Along with the evolving access to healthcare, patients are increasingly aware of their healthcare choices. They can look up hospital prices. They can lean on previous patients' reviews. They don't have to choose you. 

This week's five articles are centered on improving your facilities until you're the only option anybody will consider. 

  1. Here's a lesson you can learn from disruptors that dominate (the Amazons and Apples of the world). Be the platform, not the product.
  2. Just like your customers have options, you do, too. Don't let a supplier bully you.
  3. How To Save Money, Part One: Quit Letting Your Stock Run Out.
  4. Part Two: Reevaluate Your Purchased Services.
  5. And if you want to make back some of the money you're about to waste, consider the financial benefits of donation

That last one especially sounds like something that the people behind your favorite healthcare inventory blog can help with. (That's Z5. We're talking about ourselves.)

 

That's it for this week. PLEASE comment below, email us, etc. Tell us what you liked. What was helpful. What you’d like to see more of. 

Topics: selling medical inventory, selling medical supplies, supply chain management, amazon, five to save, digital supply management, healthcare inventory, buying medical inventory, donating medical supplies, out of stock, supplier relationships

Alex Diamond

Written by Alex Diamond

Raised in the armpit of East Texas before escaping to the civilization of Austin, Alex is an author and former radio/podcast personality. If you ever run into him, ask him about the day he split his pants in front of the Lone Ranger.