Deck 14: Leadership: A Critical Factor for the Future Success of the Industry

Question 1

List at least three core components of the healthcare supply chain management system.
a. ____________________________
b. ____________________________
c. ____________________________

Answer 1

No Answer.

Question 2

What are the important leadership aspects of leading people and managing resources for the supply charge capture process?

Answer 2

No Answer.

Question 3

Describe and defend three strategic factors or principles of a quality supply chain management system with regard to patient care and support of clinicians providing care.

Answer 3

No Answer.

Question 4

Supply charge capture is a process that __________________.

A) uses the CDM to charge a patient for supplies used in their care
B) is a method to manage and inventory supplies
C) accounts for pharmaceutical supplies based on federal requirements
D) closely links the supply chain to the revenue management system
E) both uses the CDM to charge a patient for supplies used in their care and closely links the supply chain to the revenue management system

Question 5

Revenue management is a system that ____________________.

A) manages the financial aspects of the organization
B) manages the supply and equipment costs of the organization
C) provides and manages the reimbursement processes of the organization
D) both manages the financial aspects of the organization and manages the supply and equipment costs of the organization
E) None of these is correct.

Question 6

The supply item master is:

A) an electronic history of all transactions.
B) an electronic pricing list of all supplies and services.
C) a list of all items available to order in the organization.
D) a list of vendors who supply items to the organization.
E) None of these is correct.

Question 7

A vendor master file is:

A) a list of federally approved pharmaceutical companies.
B) a list of suppliers used by the organization.
C) a list of criteria for supplier compliance.
D) both a list of federally approved pharmaceutical companies and a list of suppliers used by the organization.
E) None of these is correct.

Question 8

Sourcing is considered a strategic imperative by cutting-edge healthcare organizations.

Question 9

For many leaders, the health systems prevalent in the modern health organization are complex and highly integrated, which makes leading people and managing resources in those systems easier because of the support structure.

Question 10

The past two decades have seen tremendous change that contributes to the sophistication of the supply chain.

Question 11

Not all providers need to have enhanced solutions and technological innovation to meet their annual objectives and long-term strategies.

Question 12

Typically materials management, also known as central supply (CS), in the hospital bears the burden of having the right item at the right place at the right time.

Question 13

The primary factor affecting the validity of the cash budget is the accuracy of the forecasts for individual cash flow categories.

Question 14

The DRG system categorizes patients with similar medical diagnoses, treatment patterns, and statistically comparable lengths of stay in a hospital, and attaches a reimbursement rate to each DRG.

Question 15

Benchmarking your system against other health organizations is essential.

Question 16

Leaders need to link their plan of leadership to lead people and manage resources.

Question 17

Physician and staff level of collaboration is a strategic factor.

Question 18

Leaders have to be innovators and search out ways to make improvements for the organization.

Question 19

Currently, there are no computerized options widely used for supply chain management.

Question 20

The vendor master file is a list of all items used in the delivery of care for a health organization that can be requested by healthcare services providers and managers

Question 21

Competing goals exist among various stakeholder groups; tradeoffs will be required to find the proper balance that best meets all needs.

Question 22

The operating margin is a profitability ratio.

Question 23

The operating budget (revenues and expenses) outlines when money will come to the organization in the form of revenues and leave the organization in the form of expenses.

Question 24

Inventory turnover rate measures the percentage of supply chain item spending for contracted items as compared to total supply chain purchases.