Jeff Lawrence – Why Data is a Strategic Imperative | This Week in Surgery Centers

Here’s what to expect on this week’s episode. 🎙️

🎙️ When you have access to the right data, you can access savings opportunities at your fingertips.

Jeff Lawrence is the VP of Business Development at Envi / Inventory Optimization Solutions (IOS), and he’s on the podcast this week sharing why data should be at the core of your surgery center’s strategy if you want to continue to thrive and uncover hidden cost savings you might be overlooking.

📊 ASCs have unlimited #data to analyze related to patients, products, chargemasters, preference cards, vendors, etc.; you need to know how to leverage this power for good. Data requires software systems and tools, and those software systems and tools need to support your business processes.

💉 Start with a robust practice management and inventory system. Ensure that the products and supplies that feed into that inventory system are clean and accurate, analyze your preference cards, and use that intel to frequently determine case costs (not just once a year or randomly!)

💰 One example: Run an extract of all your purchasing history, send that data to your #GPO, and ask your rep to identify products you are buying today that they might have pre-negotiated rates for that are lower than what you are currently paying.

Other topics covered? Supply chain spend management, implants, purchased services, and more!

Find the full episode on Apple Podcasts, Spotify, or YouTube to hear all the details!