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Higher Education Institutions Adjusting to Reduced Enrollment

There are many factors that are impacting the enrollment levels in Colleges and Universities. One factor is the decrease in the birth rate as well as the improving economy that is drawing people back into the workforce. Check out this article below from hechingerreport.org that provides some creative ways institutions are adjusting and give us a call to help you manage changes in your enrollment.

Source: hechingerreport.org | Re-post July 19, 2017

Behind the deceptive quiet of a small college campus in the summer, things are buzzing at Ohio Wesleyan University.

Faculty at the 175-year-old liberal-arts school, which has about 1,700 undergraduates, are preparing new majors in high-demand fields including data analytics and computational neuroscience. Admissions officers are back from scouting out prospective students in China, India and Pakistan. Recruiters have been on the road closer to home, too, in Cleveland and Chicago. In the athletics department, work is under way to add two sports and a marching band. (more…)

Healthcare Finds Success in Supply Chain Strategy

Healthcare facilities are finding supply chain to be a core competency in their method for conducting business on a daily basis. The need for value-based care and strategies to reduce cost and waste are increasingly important. Below is an article from beckerhospitalreview.com that contains a Q & A session from two prominent people in the healthcare industry that are providing insight into the value of supply chain. Contact us today at SpendBridge so we can help you implement a supply chain strategy in your facility.

Source: beckershospitalreview.com | Re-post July 18, 2017

Healthcare’s movement toward value-based care is not only underscoring the importance of an efficient healthcare supply chain, but also redefining the supply chain leader role.

Once a very transactional process, the supply chain is now considered a core competency for hospitals to reduce waste and lower costs, while supporting patient care initiatives. More and more, supply chain leaders are also taking a seat in C-suite discussions to help executives mitigate potential financial penalties and make more informed decisions under the ever-changing value-based care programs.

To ensure they’re using devices and medical supplies in the most efficient ways possible, hospitals must turn to data, according to Peter Mallow, PhD, program director of health economics, market access and reimbursement for Dublin, Ohio-based Cardinal Health. (more…)

Healthcare and Value-Based Supply Chain Management

Value-based healthcare is proving to be a better method for patient care. The patient is the focus over a government regulated process. Also, there are benefits in efficiency in providing healthcare and overall cost of doing business. Check out this article from revcycleintelligence.com for a better understanding of value-based supply chain management and give us a call at SpendBridge so we can help you implement the best strategies for your healthcare needs.

Source: revcycleintelligence.com | Re-Post SpendBridge 7/7/2017

Healthcare supply chain — the holistic flow of relationships between suppliers and customers — is about efficiently delivering low-cost care as goods and supplies, such as a pair of doctor’s gloves, move from point of purchase to point of use.

A reported one-third of hospital decision makers believe their hospital supply chain is functioning at maximum efficiency, but the other two-thirds are finding themselves stuck with one foot in fee-for-service and the other in value-based reimbursement. (more…)

Helping Students Avoid The ‘Trap’ Of College Costs

College students are looking for options to fund their education to manage the rising cost of getting a degree. Traditionally this has required students to borrow more and more money, many times dropping out, or delaying the start date. Another option students are using to reduce students debt is to attend a Community College for the first 2 years and then transferring to a 4-year college or university for the remaining 2 years. The article below from nytimes.com discusses student borrowing and how the state of Rhode Island is helping their students avoid an overwhelming amount debt. After reading the article, give us a call at SpendBridge so we can help your institution and students with the challenges of student debt.

Source: nytimes.com | Re-Post SpendBridge 7/7/2017

Student loan debt is the second-fastest growing type of debt in the United States, behind only home mortgages. After more than doubling in a decade, it now exceeds $1.2 trillion, with the average borrower owing about $30,000, according to the Consumer Financial Protection Bureau. More than a quarter of student loan borrowers are delinquent or in default.

Among the handful of proposals and programs trying to ease the debt load of college students, two have the potential to be models for other programs nationwide. (more…)

Leaner Years Drive Higher Education To Seek Answers

Higher education institutions can no longer focus solely on education. The economy is driving higher education institutions to think strategically and apply a business mindset to managing budgets and making spend decisions. Below is an article from nytimes.com that outlines changes institutions are making to address lower enrollment and revenue. Contact us today at SpendBridge for the latest advice on how to handle these challenges.

Source: nytimes.com | Re-Post SpendBridge 6/19/2017

With an important source of revenue down and the flow of customers flattening out, one of the biggest businesses in Georgia – its public university system – is turning to a strategy of consolidations and mergers to improve efficiency and cut costs.

The system has shrunk from 35 campuses to 29, helping compensate for a nearly 20 percent cut in state funding from 2008 to 2016 and an enrollment that this spring rose nearly two-tenths of a percent over the last’s spring semester. More consolidations are underway, reducing four of the remaining campuses to two. (more…)

Amazon Sets Sights On Medical Supply Industry

Amazon is impacting the way all businesses operate and healthcare is another industry they have on their sites. With Amazon’s reputation for competitive pricing, accuracy, and quick shipping, many suppliers are interested in joining forces.

The article below from modernhealthcare.com details the changes Amazon could bring to healthcare supply chain management and how healthcare could benefit. After reading the article, give us a call at SpendBridge so we can help you devise the best supply chain strategy for your business.

Source: modernhealthcare.com | Re-Post SpendBridge 6/19/2017

Amazon is on the healthcare industry’s doorstep. The e-commerce giant continues to transform virtually every segment of the economy as it leverages its massive distribution network to deliver logistical harmony. With a stronghold on the consumer market, Amazon is eying the business-to-business segment as it builds its seller base. Soon, that familiar smiling brown box will make its way from porches to providers’ front doors and that may make for some disgruntled medical supply distributors. (more…)

How To Leverage Private Sector Practices In The Public Sector

Many aspects of supply chain management in the public and private sectors are similar. Their best practices can be shared with great success and little or no modification. There are 3 areas of focus for both sectors that can yield supply chain successes – strategic sourcing, supplier relationship management and inventory management. After reading the article below from supplychainquarterly.com contact us at SpendBridge for assistance in designing a process that will lead to the desired supply chain management outcome.

Source: supplychainquarterly.com | Re-Post SpendBridge 6/8/2017

Supply managers who work in the public sector must comply with unique transparency rules. Despite those and other constraints, they can achieve substantial savings by integrating the public sector requirements with privatesector supply chain management concepts.

Imagine that you oversee purchasing and that the prices you pay for goods and services are public information. What’s more, your bid openings are public events that suppliers and other interested parties are invited to attend. To most supply chain management (SCM) professionals that would be an unusual (and probably uncomfortable) situation, but for managers in the public sector it’s a typical scenario. (more…)

“Institution First” Culture Helps College Enrollment Goals

As higher education institutions seek to maintain a certain level of enrollment new strategies are being implemented, not just in the administration office but in all departments on campus. The ever-changing student population requires everyone to participate in the institution’s agenda. After reading this article from universitybusiness.com that provides guidance on future enrollment trends contact us at SpendBridge for additional insight and direction for successful enrollment at your institution.

Source: universitybusiness.com | Re-Post SpendBridge 6/1/2017

Now more than ever, enrollment leadership requires a coordinated campus team to respond to emerging internal challenges as well as shifting external forces. One college president likened the job of chief enrollment officer to a pilot flying the plane while building it.

In short, the immediate drive to fill enrollment goals today competes with the time necessary to plan and develop effective strategies that address future markets. Clearly, this cannot be accomplished solely in the admissions office. (more…)

Predicting The Future Of Supply Chain Management

Change in Supply Chain Management is happening at an ever increasing rate. That makes determining the future trends virtually impossible to predict. The article below from supplychain247.com discusses the external forces impacting the industry and why it is so difficult to make decisions based upon what will happen next. After reading the article, give us a call at SpendBridge so we can help you with your supply chain management needs.

Source: supplychain247.com | Re-Post SpendBridge 6/1/2017

When it comes to predicting the future, we’ve all heard the sayings that no one has a crystal ball and that the only certainties are death and taxes.

In supply chain management, we like to say that the only thing certain about a forecast is that it is always wrong.

While researchers like those of us at CAPS Research may not be able to predict the future, we do know that it does not exist in isolation: It depends on the past and the present. (more…)

Higher Ed Budget Cuts And The Impact To Students

As higher education costs rise, there is an ever-increasing need for higher education institutions to reduce costs to meet budget goals. This has created a challenge for administrators as they strive to produce outstanding citizens who are also productive in life after college.

Below is an article from thechangeleader.com that describes how administrators are addressing these challenges and more. After reading the article, contact us at SpendBridge so we can assist you to find the best solutions for your institution.

Source: thechangeleader.com | Re-Post SpendBridge 3/23/2017

Today’s higher education leaders are caught in the middle of two philosophies. The first philosophy is that the purpose of higher education is to prepare students to be good citizens, be civically engaged when they reach adulthood and prepare them for productive careers. The other philosophy, as noted in the documentary Starving the Beast, suggests that higher education’s mission should be to prepare students to be productive participants in the economy.

Many conservative policymakers and think tanks embrace this latter view, and are looking at ways to cut higher education budgets and impose a “profitable” business model on the educational system, instead of embracing the former mission. (more…)