Cost justification for materials management.
Recently, a study was conducted to determine the potential cost savings resulting from the implementation of an on-line, real-time materials management system for the surgical department of a 900-bed, multi-hospital facility in Little Rock, Ark. As a result of this study, anticipated savings of more than $600,000 annually have been identified. The following text highlights cost savings and features recommendations for those healthcare organizations interested in conducting a similar review.
D001131:Arkansas; D003365:Costs and Cost Analysis; D005069:Evaluation Studies as Topic; D006746:Hospital Bed Capacity, 500 and over; D006748:Hospital Departments / Q000458:organization & administration*; D008421:Materials Management, Hospital / Q000458:organization & administration*; D009862:Online Systems / Q000191:economics*; D013503:Surgery Department, Hospital / Q000458:organization & administration*