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After several years of consolidation and underfunding, healthcare providers are once again planning to invest in capital spending to meet the need for facility and technology upgrades. Moreover, supply chain professionals are being asked to not only participate in these efforts but to lead them as well.  From budgeting and planning to procurement and implementation the need is great and the opportunity for cost and efficiency savings is significant. This session will describe how Wellmont Health System took control of their Capital Spending to develop a national model of excellence in capital management.

Learning Objectives:
  • Understand the challenges and pressures hospitals are facing today and the need for change.
  • Discover how the operational efficiencies are being reshaped and how the focus of supply chain professionals is changing in response to the implementation of the Affordable Care Act.
  • Explore the challenges associated with managing capital planning and capital procurement.
  • Describe the structure and processes associated with a Centralized Capital Management Model.
  • Demonstrate the value that effective Capital Management can bring to an organization.

  • Thomas Allen Archer, System Director Supply Chain Management, Houston Healthcare