Jove
Visualize
Contact Us
JoVE
x logofacebook logolinkedin logoyoutube logo
ABOUT JoVE
OverviewLeadershipBlogJoVE Help Center
AUTHORS
Publishing ProcessEditorial BoardScope & PoliciesPeer ReviewFAQSubmit
LIBRARIANS
TestimonialsSubscriptionsAccessResourcesLibrary Advisory BoardFAQ
RESEARCH
JoVE JournalMethods CollectionsJoVE Encyclopedia of ExperimentsArchive
EDUCATION
JoVE CoreJoVE BusinessJoVE Science EducationJoVE Lab ManualFaculty Resource CenterFaculty Site
Terms & Conditions of Use
Privacy Policy
Policies

Related Experiment Videos

Documenting and reporting cost savings.

H M Lake

    Hospital Material[Dollar Sign] Management
    |April 10, 1986
    PubMed
    Summary
    This summary is machine-generated.

    Materials managers can boost hospital profitability by formalizing cost-saving reports. This ensures their financial contributions are recognized in the competitive healthcare industry.

    Related Concept Videos

    You might also read

    Related Articles

    Articles linked to this work by shared authors, journal, and citation graph.

    Sort by
    Same author

    Effective reporting from materials management.

    Hospital purchasing management·1984
    Same journal

    Good news: knee implant prices slip.

    Hospital material[dollar sign] management·2010
    Same journal

    Spine product pricing presents latest cost control challenge.

    Hospital material[dollar sign] management·2010
    Same journal

    Cost-cutting in high demand.

    Hospital material[dollar sign] management·2010
    Same journal

    Prices for elastic bandages bend, but won't break, the bank for your hospital's bottom line.

    Hospital material[dollar sign] management·2009
    Same journal

    Group buys offer relief from tough financial conditions.

    Hospital material[dollar sign] management·2009
    Same journal

    Materials management has effect on high-tech acquisitions.

    Hospital material[dollar sign] management·2009
    See all related articles

    Area of Science:

    • Healthcare Administration
    • Materials Management
    • Hospital Operations

    Background:

    • The healthcare industry is increasingly competitive.
    • Materials managers are vital for hospital profitability.
    • Formal reporting of cost savings is crucial for recognition.

    Purpose of the Study:

    • To outline a method for materials managers to report cost savings.
    • To enhance the visibility of materials management contributions to hospital administration.

    Main Methods:

    • Developing a standardized cost-saving reporting process.
    • Implementing a system for tracking and documenting financial improvements.

    Main Results:

    • Formalized reporting increases the recognition of materials managers' financial impact.

    Related Experiment Videos

  • A structured approach demonstrates significant contributions to hospital profitability.

    • Conclusions:

    • Formalizing cost-saving reports is essential for materials managers.
    • This practice supports financial accountability and strategic decision-making in hospitals.