A recent article in Forbes reported how group purchasing organizations (GPOs) are playing a huge role in healthcare’s supply chain management. By most accounts, the Affordable Care Act has increased access for previously uninsured individuals. However, it has not...
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Long-term Care: 3 Ways NOT to Cut Costs
Long-term care facilities and skilled nursing facilities must respond to the rising cost of care and find ways to protect their bottom lines. According to an article in the Harvard Business Review that surveyed 50 US-based healthcare providers, many attempts to cut...
Pinching Pennies: Healthcare Supply Chain Lessons From The U.S. Mint
Wednesday, January 16, 2013 By Michael Greenfield, CEO, Prime Source It seems that even if you have a license to, literally, print money, it might not be enough in today’s world. As reported recently, the cost of manufacturing both a penny and a nickel is now more...
Prime Source Warns Long-Term Care Facilities To Expect Rising Food Prices In 2013
Tuesday, January 8, 2013 By Michael Greenfield, CEO, Prime Source While long-term care and other healthcare facilities are no longer worrying about milk prices doubling due to the ‘Dairy Cliff’, drought and other factors are predicted to cause food prices to rise...
Prime Source Attends The HCANJ 64th Annual State Healthcare Convention & EXPO
Sunday, October 21, 2012 By We would like to thank everyone who visited us at the HCANJ show this week. It was a pleasure meeting you! The HCANJ 64th Annual State Healthcare Convention & Expo was attended by over 250 exhibiting businesses and more than 2,500...
Prime Source Welcomes United Hebrew Home And Newark Extended Care
Thursday, December 27, 2012 By Prime Source is proud to announce that United Hebrew and Newark Extended Care have selected Prime Source for their purchasing needs. We look forward to serving these two exceptional healthcare organizations. United Hebrew Home is a...
Forget About The Old Methods: New Alzheimer’s Test Poised To Change Industry
Here is a revolutionary piece of news about Alzheimer’s Disease that you won't forget anytime soon. According to a recent article in Forbes Magazine, a team of researchers at Georgetown University have developed a simple blood test which they say can predict, with 90...
A Crazy Tale About Medication Fraud: Teva Pharmaceuticals Forced To Pay Up
Just how crazy is the following story? You decide. According to Crain's Business Magazine, prominent pharmaceutical manufacturer Teva Pharmaceuticals and a subsidiary have agreed to pay approximately $28 million to the state of Illinois and the United States in a...
The Upcoming White House Agenda: Leaving Us In The Red?
Time to punch yet another hole in your money belt - things are getting tighter. The belt buckling and cost-cutting taking place our industry is hitting yet another unprecedented level. According to a recent article in McKnights Magazine, The White House's proposed...
Cleaning Up Shop: Why Is The FDA Seeking To Ban Certain Soap Ingredients?
The US Food and Drug Administration announced a proposed regulation on Monday to ban certain ingredients in anti-bacterial soaps if manufacturers cannot prove that these products are safe to use and more effective than plain soap and water for preventing the spread of...