Integrated Supply Chain Management Programs optimized for hospitals.

We deliver value by integrating a Comprehensive Supply Chain program focused on…

Quality & Patient Satisfaction

Customer Satisfaction

Personnel Expertise

Financial Success

Delivering over
a 5:1 ratio each
year to our
clients

Is your Materials Management Department “OK” or best-in-class?

On average, supply chain is the second largest expense for healthcare providers, second only to employee salaries and benefits. By accepting mediocrity in the materials department, your hospital is missing the opportunity to reduce inventory, improve patient care, increase clinical staff productivity, and dramatically reduce expenses.

We help hospitals identify, implement and manage best-in-class supply chain departments that save money. In fact, our customers enjoy an ROI ratio of over 5:1, resulting in these average annualized savings:

Average Annualized Savings by Facility Size

50-beds200k
50-99-beds1x
more-than-100-beds21
5mm2x
benchmarking2x
top-502x

The Difference

benchmarking1x
operations1x
contract1x
We help you track and manage it all with industry leading data
and technology solutions:
  • Value-based purchasing that maximizes reimbursement, while reducing costly readmission penalties.
  • Customized training and development designed to increase competency and efficiency while improving quality of care.
  • Product Optimization and Affiliate Discounts.
  • Clinicians focus on patient care
  • Proprietary technology advancing your supply chain
  • Expert Operational Guidance
  • We benchmark your supply spend against national averages enabling you to identify opportunities and negotiate better pricing.
  • Our proprietary software provides real-time access to cost-saving initiatives, department goals, and benchmarking of key operating metrics against other PSISCS managed facilities.
  • Signylsm – Our proprietary software provides real-time access to cost saving initiatives, department goals, and benchmarking data.
  • Our proprietary web-based contract repository software helps you avoid unwanted renewals and notifies you of opportunities to negotiate better contractual relationships with vendors.
We optimize how you care for your patients.
5mmb2x
Industry experts armed with industry leading technology focused on your Materials Department.

Imagine what that could mean for the financial health of your hospital.

Our Knowledge & Tools:
Why PSI?

Independent

Clinicians Focused on Patients

Confident in Expertise

Technology that works for you

Our expertise exceeds expectations in these areas.

Quality and Patient Safety

Performance Operations Audit

  • 150+ Standards – Industry Best Practices and Regulatory Compliance

Policy and Procedures

  • Compliant to Joint Commission, HFAP, and DNV Standards

Performance Improvement Plan

  • Continuous Improvement Programs to impact Quality and Financial Results

Clinical and Technical Expertise

  • Product Utilization Review and Clinical Value Analysis
  • Benchmark Database
  • Value based purchasing/HCHAP Guidelines

Customer Satisfaction

Annual Customer Service Survey

  • Nursing and Medical Staff In-Services
  • Materials Management In-Services
  • Regular Business Review Meetings with  PSI Supply Chain Solutions Team
  • Annual Business Review and Strategy  Alignment
  • Lean Initiatives

Personnel Expertise

Operations

  • Our Operations Specialists have expert knowledge of what it takes to manage a department running on best practices.

Procurement & Contracting

  • The Procurement and Contracting team provides key support to help drive product standardization to maximize savings and contractual leverage with key supply chain partners.

PSI Supply Chain Solutions

  • Online training to ensure a continous learning environment.
  • Corporate leadership development program

Training and Development

Education and Development doesn’t stop at the Materials Management. PSI Supply Chain Solutions works to develop individualized development plans for the materials management team in order to drive success in the department.

Our proprietary tools out-perform current standards.

Financial Success

  • Identify Savings through Product Standardization and Clinical Value Analysis and Benchmarking Key Performance Areas to Industry Best Standards
  • Maximize Contract and Prime Vendor Utilization
  • Improve Purchasing and Inventory Control Practices
  • Affiliation Discounts

Contract Management

Improve Contract Compliance

  • Eliminate Unwanted Renewal or Contract Terminations
  • Notify Necessary Parties of Upcoming Renewals to Improve Negotiations
  • Highlight Key Terms and Contractual Language
  • Provide Secure User-Based Access to View and Edit Agreements
  • Multi-layer Redundancy for Document Protection

Additional Features and Benefits:

  • Contract Performance Dashboard for Management of Contract Renegotiation
  • E-mail Notification to Key Stakeholders of Contract Renewal Period
  • Tracking of All Contract Information Adjustments in System
  • Point and Click Software Design for Ease of Use
  • Customizable Software Setup to Meet Facility Requirements
  • Secure Storage of Information

Chronicletm

At a fraction of the cost of any comparable software, Chronicletm, our web-based contract management system will:

mobile-chronicle-data
  • Improve Contract Compliance
  • Eliminate Unwanted Renewal or Contract Terminations
  • Notify necessary parties of Upcoming Renewals to improve Negotiations
  • Highlight Key Terms and Contractual Language
  • Provide Secure User Based Access to view and edit Agreements
  • Multi-layer Redundancy for Document Protection
Interested in joining the Supply Chain Team?

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