Elevating value-based care through efficient inventory management

Continuous progress in product innovation offers significant advantages to you and your patients. Nevertheless, the related costs and the increasing complexity of managing inventory efficiently may pose challenges for healthcare organisations when it comes to making decisions.

Boston Scientific is committed to working with you, supporting your evolving needs and strengthening our collaboration through innovative commercial solutions.

By simplifying inventory management and reducing time spent on supply chain tasks, solutions such as Vendor Managed Inventory (VMI) help improve operational efficiency and may free up clinical staff to focus on patient care.

Boston Scientific’s commercial risk-sharing solution ensuring financial predictability and clinical flexibility for each patient. Our set procedure price includes all devices.

• 85% reduction in annual shipments, decreasing from approximately 200 per year to around 30 per year. This resulted in cost savings, reduced staff time, and a reduction in carbon emissions.
• Staff time savings were achieved through fewer orders placed and reduced third‑party inventory management requirements.
• 92% reduction in annual invoices, decreasing from an average of 157 per year to 12 consolidated monthly invoices, which resulted in significant time savings for administrative teams.
• Material storage space was optimised, which may have freed up space for other purposes.
• A one‑off financial saving of €25,000 was achieved through the switch to consignment stock.
• Expired product costs were eliminated, which helped ensure more efficient nventory management.

We have partnered with the Boston Scientific Healthcare Solutions & Partnerships team to create the ADVANTICS™ ezPro digital solution, that can enable your team to gain control and automation of inventory management. As a result, it provides organisations with insight and control of procedure cost management through advanced digital innovation. This platform supports both our PPP and VMI commercial solution.

Hear from Dr. Martin James, consultant hepatologist at Nottingham University Hospital, explaining why he values our Vendor Managed Inventory solution.

We believe in the strength of our technologies to provide best-in-class quality and experience for your patients. Collaborating means having common goals, where the financial risks are also shared. From this belief, we regularly collaborate with customers through tailored risk-share agreements to bring value-based healthcare to life in a practical way.

If you are interested to discuss in more detail potential risk-sharing collaborations with us, contact your local Boston Scientific representative to explore tailored commercial solutions.