Hospital Nets $3.8 Million in Annual Savings Through Purchased Service RFPs
Engagement Summary Innovative Health Strategies™ (IHS) and Faegre Drinker achieved $3.8 million in annual savings for a 300-bed, nonprofit hospital in the Northeast by combining the sourcing experience of IHS consultants with the health care transactional experience of Faegre...
Read moreNavigating Uncertainty During and Post COVID: A Path Forward for Health Care Providers (Session Six: Guaranteed Realized Savings)
Chicago partner and President of Innovative Health Strategies™, Neil S. Olderman, will discuss how IHS’s hospital-clients are generating savings by evaluating purchased services and other strategic vendor partnerships. Brett W. Warner, Assistant Vice President of IHS, will highlight Clinical...
Read moreInnovative Health Strategies Executive Team Presents on “Guaranteed Realized Savings” at IDN Summit & Reverse Expo 2020
Top executives at Innovative Health Strategies™ (IHS), Faegre Drinker’s health care consulting affiliate, presented “Guaranteed Realized Savings” at the IDN Summit & Reverse Expo 2020, held August 24–26. Chicago partner and President of IHS, Neil S. Olderman, discussed how...
Read moreHealth Care Amid and After COVID-19 Webinar Series: Session Five
In an effort to learn from the past and continuously improve, are there lessons from the recent pandemic supply chain issues that supply chain leaders might share? What models or alternative approaches might executives consider to enhance preparedness and...
Read moreNew Legislation Increases N95 Face Mask Supply for U.S. Health Care Workers
New legislation signed on March 18, 2020, will bring tens of millions more masks per month into the hands of U.S. health care workers. The new legislation protects N95 mask manufacturers against lawsuits if an N95 face mask sold...
Read moreResponses to the Current Ventilator Shortage: FDA’s Recommendations and Guidance for Industry and Health Care Providers
The Society of Critical Care Medicine estimates that the United States has over 200,000 ventilators, although other organizations have lower estimates. According to Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, the federal government...
Read moreInfection Control Guidance in a Time of Scarcity
On March 4, 2020, the Centers for Medicare and Medicaid Services (CMS) announced that State Survey Agencies and Accrediting Organizations would be limited exclusively to issues related to infection control and other serious health and safety threats due to...
Read moreNeil Olderman Quoted in Modern Healthcare on State of Hospital Transactions
In the article “As Hospital Systems Grow, Their Profits Shrink, Report Finds,” Modern Healthcare turned to Chicago partner Neil Olderman for his thoughts on a 2018 report that showed a decrease in health system mergers and acquisitions. The publication...
Read moreNeil Olderman Provides Becker’s ASC Review Supply Chain Tip of the Day
On April 1, Neil Olderman provided the Becker’s ASC Review Supply Chain Tip of the Day. Neil offered the following advice to readers: “While obtaining a low price for products and services will always be a key component of...
Read moreHow and Why Supply Chain Must Prepare and Be Ready When Confronted with Hospital M&A
Chicago partner Neil Olderman authored “How and Why Supply Chain Must Prepare and Be Ready When Confronted with Hospital M&A” for the Healthcare Purchasing News blog. In this post, the second in a two-part series about the changing health...
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