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Cardiology SCM Presented by: Dean Cates Vice President Strategic Sales

Cardiology SCM Presented by: Dean Cates Vice President Strategic Sales. Who is Lumedx…. A few important facts… In business since 1990 385+ Clients. The garage days… Founded by David McAuley, MD and Allyn McAuley, PHD Incorporated as Seattle Systems

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Cardiology SCM Presented by: Dean Cates Vice President Strategic Sales

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  1. Cardiology SCM Presented by: Dean Cates Vice President Strategic Sales

  2. Who is Lumedx….. A few important facts… • In business since 1990 • 385+ Clients The garage days… • Founded by David McAuley, MD and Allyn McAuley, PHD • Incorporated as Seattle Systems • Initial PTCA software application written for physicians at Stanford University MC Apollo comes to market… • The first Windows based Cardiovascular system (Includes POC Inventory Management) • Winner of the prestigious MSHUG application award CardioStar matures into a CV service line suite… • Modules spanning 20+ clinical specialties • Interfaces to 50+ medical devices & HIS systems • Customizable and scalable client server/.Net data management system CardioStar Product Foundation… • Browser Access • Resource Management • Cost Containment and Revenue Maximization • Documentation and Cardiology PACS Integration • Business Analytics

  3. Accessibility to Data • Reduce Manual Effort • Increase Accuracy • Decreased Costs ENTERPRISE EMR HIS CV SERVICE LINE • Workflow Efficiency • Consolidated Data • Integrated Systems • Data Distribution CVIS • Multipurpose Data • POC Collection • Reduce Duplicate Effort • Increased Accuracy POINT OF CARE Cath PV Echo ECG Image Labs Meds CVIS: Linking the Point of Care to the Enterprise

  4. What a SCM solution should provide….. Scheduling… • Forecasting supply usage • Predict supply shortages • Predict supply expirations Preference Cards… • Standardized supply lists • Streamlined inventory pulls • Manage physician variances POC Data Capture… • Minimize data loss • Bar Code accuracy Inventory Control… • Manage supply par levels • Manage vendor relationships • Monitor expenditures Data Integration… • HL-7 bi-directional interfaces with Materials Management • HL-7 billing interfaces to HIS Financial Systems

  5. Case studies….. Florida Hospitalutilizes the inventory management system and its integration with the HIS to concurrently bill. Charges that were once manually entered are now automatically generated resulting in time savings and a far more accurate accounting for each procedure. Florida Hospitalutilizes the Apollo Inventory management system totrack its very high volume. With more accurate tracking of usage, they were able to partner with vendors and negotiate a 16% reduction in device purchase price . Baylor Universityutilizes their data to meet the increasing demands of payers. A report on all capitated patients use to take 1 week to generate now it takes 1 hour. This has allowed them compete for managed care contracts and negotiate aggressively. St. Vincent Heart Centeranalyzes their product usage and market share trends to help negotiate better pricing. They have used this information to reduce direct cost per case from $1300 to $950. St. Vincent Heart Center performs detailed analysis of product usage to demonstrate commitment to cost containment. By collecting, managing and reporting data on the use of Eptifibatide, St. Vincent identified over $1 million in savings and simultaneously justified a new cath lab St. Vincent Heart Centeranalyzed contrast usage for the period of 1 yr for each of their physicians, they were able to identify $83,000 in waste and turned that into a $62,000 savings St. Vincent Heart Centeranalyzed charging errors, noticed an opportunity to capture more revenue and implemented Apollo Billing interface. The solution resulted in reduced charging errors from $65,000/month to $0.00

  6. Conclusion • So what are the compelling reasons to seriously consider a Cardiology SCM solution? • Analyze and implement product standardization • Organize supply locations and optimize use of facility space • Establish perpetual inventory supply locations • Increase use of electronic data transactions • Reduce stock outs and time tracking and locating supplies • Reduce errors through use of bar codes • Readily access reports needed to effectively manage supply chain • Free clinicians from laborious non-patient focused activities • Reduce costs and improve financial performance

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