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Related Experiment Videos

Materials management's role in product line development.

R Linden

    Hospital Material[Dollar Sign] Management
    |May 10, 1986
    PubMed
    Summary
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    Product line management and cost accounting are increasingly important for healthcare organizations facing regulatory and competitive pressures. These strategies offer materials managers greater involvement in defining and managing product lines beyond Diagnosis Related Groups (DRGs).

    Area of Science:

    • Healthcare Management
    • Health Economics
    • Operations Management

    Background:

    • Healthcare market is increasingly shaped by regulatory and competitive pressures.
    • Product line management and cost accounting are gaining prominence in healthcare literature and administrative discussions.
    • Health provider organizations are focusing on defining, developing, and managing product lines.

    Purpose of the Study:

    • To highlight the growing importance of product line management and cost accounting in healthcare.
    • To emphasize the strategic opportunity these areas present for materials managers.
    • To broaden the understanding of product lines beyond Diagnosis Related Groups (DRGs).

    Main Methods:

    • Literature review on product line management and cost accounting in healthcare.

    Related Experiment Videos

  • Analysis of current trends in healthcare market pressures (regulatory and competitive).
  • Examination of the role of materials managers in product line strategies.

    • Main Results:

    • Product line management and cost accounting are becoming critical for healthcare organizations.
    • These approaches offer materials managers enhanced involvement in organizational strategy.
    • Product lines encompass a broader scope than traditional metrics like Diagnosis Related Groups (DRGs).

    Conclusions:

    • Healthcare organizations must increasingly adopt product line management and cost accounting.
    • Materials managers can play a more significant strategic role through these initiatives.
    • A comprehensive understanding of product lines is essential for effective healthcare management.