Finance Series: Supply Chain Management

Course Code: REL-ACU-0-FSSCM

Hours: 1

Type: Online Course

Content Expiration Date: 12/31/2025

Learning Objectives:
Identify the different pathways for supplies to arrive at the point of care and the financial implications of each.
Recognize supply sourcing and the impact both group purchasing organizations (GPOs) and distributors have in product selection.
Indicate the use and financial implications of value analysis committees and the total cost of ownership for supplies for your healthcare entity.

Outline:
Section 1: Introduction

About This Course

Learning Objectives

Section 2: Supply Management at the Point of Care

Supply Pathways

Financial Impacts

Importance of PAR Levels

Summary

Section 3: Medical Supply Sourcing

Strategic Sourcing

The Impact of Group Purchasing Organizations

Product Delivery

Summary

Section 4: Value Analysis and Ownership Cost

The Value Analysis Process

Total Cost of Ownership

Summary

Section 5: Clinical Vignette

New Nurse Manager and the Supply Chain

Section 6: Conclusion

Course Summary

Course Contributors

References

Subject Matter Expert: Michelle Robbins, BA

Michelle Robbins is currently Managing Partner, at HC Catalyst Connections where she works with health systems and manufacturers to gain efficiencies and manage costs. Michelle has more than 38 years of experience in healthcare supply chain management, consulting, healthcare information technology, and analytics. During her career, she has served as an active-duty member of the United States Air Force and has worked as a supply chain professional within complex integrated delivery networks such as Adventist Health Systems and Iowa Health Systems. She has also worked as a consultant with Owens and Minor while at both Infor and DHL, where she is responsible for strategy development, as well as execution and organizational transformation. Ms. Robbins holds a Bachelor of Art in Business Administration and an Associates of Arts in Logistics.

Writer: Kimberly Workman, MA

Ms. Workman is an Instructional Designer at Relias. She has a Master of Arts in Technology and Communication, as well as graduate certificates in Public Health, Epidemiology, and Digital Communications. Ms. Workman has a background in writing and designing online continuing medical education for physicians and other health professionals on multiple educational platforms, including web-based, game-based, and immersive learning environments. She has also used simulation training extensively to connect learning to real-world environments.

Target Audience:
The target audience for this course is: Nursing Personnel; in the following settings: Hospitals: Acute.

Relias Learning will be transparent in disclosing if any commercial support, sponsorship or co-providership is present prior to the learner completing the course.

Relias Learning has a grievance policy in place to facilitate reports of dissatisfaction. Relias Learning will make every effort to resolve each grievance in a mutually satisfactory manner. In order to report a complaint or grievance please contact Relias Learning at support@reliaslearning.com.

All courses offered by Relias Learning, LLC are developed from a foundation of diversity, inclusiveness, and a multicultural perspective. Knowledge, values and awareness related to cultural competency are infused throughout the course content.

To earn continuing education credit for this course you must achieve a passing score of 80% on the post-test and complete the course evaluation.

Course Delivery Method and Format
Asynchronous Distance Learning with interactivity which includes quizzes with questions/answers, and posttests.