tci Outpatient Facility Coding Alert - 2017 Issue 5

ASC Management Strategies: Supply Costs Too High? It's Time to Rethink Your Supply Chain

Cutting supply costs will increase profit margins. Supplies are your ASC’s highest operating expense, second only to staffing. If you want your ASC to profit amidst flat reimbursement levels, you must spot and stop all inventory inefficiencies. Because supplies take such a huge bite out of your revenue, any positive changes you implement will likely make a noticeable difference in your monthly financials. The Catch: You’ll need to look further than just looking for less costly versions of supplies you already use. “As far as specific items go, you are only going to be able to...

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